S&P 500 Index
NYSE (New York Stock Exchange)
Asked on 25 Feb 2020
Know about time in the market is better than timing the market.
Past experience investing in Jan 2017 has not been encouraging. The invested amt dropped within the next few mths and after 3yrs, it is still at 3-5% loss. (Product is a single premium ILP with monthly income payout of avg 4%). May consider cancelling the policy. Thanks
If you are preparing to hold long term, it would be wise to ignore the short term noises and invest in it straight. The more you wait, the more you will miss out on potential. And the time in the market is always better then timing the market.
Yes, better cancel that ILP
ETFs are the best choice, however for stock market you need patience (10 y), avoid panic, invest regularly, diversify
more on my thinking here:
If you're planning to buy and hold, look at the long term prospects rather than focus on the short term market fluctuations and panick sell.
With that being said, you might want to consider putting 50% lump sum and the remaining 50% over the next few months.
If it goes up the next month, it's good that you're invested a lump sum. Otherwise, if it went down you still have some 'reserves' to buy more at lower prices.
The question is whether you can take it if yr $100k become $50k in next 1-2 years despite u mentioned your investing period is 6-10 years?
If you can take it, then okay. If not you can split and go in every month or so (DCA).
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