facebookWith 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? - Seedly

Advertisement

Anonymous

16 Apr 2020

Stocks

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?

Discussion (3)

You can consider splitting your lump sum into thirds. And investing them now, at 3 months, at 6 months etc.

Rais M

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.

Pang Zhe Liang

Pang Zhe Liang

25 Feb 2020

Senior Financial Services Consultant at AIA Singapore Private Limited

It depends on a number of factors, e.g. your investment objective as well as your holding power.

To...

Read 1 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement