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Anonymous
With the full force of COVID-19 impact still yet to hit the markets, is it still a good idea to do a lump sum investment right now?
Lump sum investments are generally accepted to do better versus DCA regardless of timing. However, based on articles I've seen, there is a chance that the full impact of COVID-19 will only start hitting non-hospitality/airline industries in the next 3-6 months, should I still lump sum invest right now?
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This post is no longer accepting new comments because it has been merged with I am interested in investing but I am not sure if it is a good time to invest now amidst the COVID-19 situation. What do you think? And are there specific markets or investments that I should look into more than others?
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Rais M
25 Feb 2020
Accountant at SME
There are many considerations when it comes to investment. What is your investment horizon? What happens if you have a paper loss? You also mentioned that there is a 'chance' that the full impact will start hitting in 3 to 6 months time.
What is most important now is that you identify the stocks that you are interested in and do your due diligence and analyze the stocks to see if it would be a good investment. As long as it is a good investment, time is not really a factor as we should not time the market.
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Pang Zhe Liang
25 Feb 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
It depends on a number of factors, e.g. your investment objective as well as your holding power.
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You can consider splitting your lump sum into thirds. And investing them now, at 3 months, at 6 months etc.