Anonymous
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
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4 answers
Answers (4)
MT2020
Answered on 25 Feb 2020
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.
1
Davin
Answered on 25 Feb 2020
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).
1
Frankie Rappaport
Answered on 02 Mar 2020
Yes, better cancel that ILP
ETFs are the best choice, however for stock market you need patience (1...
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