Anonymous
Good time to increase investment?
The market is going down now and usually I DCA into investments about $1000 monthly but I’ve been thinking since its going down, is it wise to double the amount ($2000) until the market is going up and I’ll invest my usual $1000 monthly again? Of course the increased budget is from my spare cash monthly and not borrowed.
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Jason.f
29 Feb 2020
Just another advisor wannabe at J.f and Co
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Alex Chua
28 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
It is certainly a good to invest further and DCA is a save way.
However, it is also ideal to study and DIY your stock as a lot of stocks plunged due to the covid 19
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Rais M
28 Feb 2020
Accountant at SME
Double down until the market goes up? What if it just keep going down for a year or more? Would you ...
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Double down is not a bad strategy but do take consideration on where you put your money into, in a market correction overvalued stocks tend to fall into "their place" or to say where should have been in the first place and due to the panic , investors usually "day time"investor tend to cash out from all stocks includig those that was fairly valued ....to begin with bring some good bargin in the marker those are where you should double down on.
and if you look around this is actually when value investors are coming out of hibernating and start hunting
Hunting season is on , cheers!