How should I take advantage of the discounted stock prices in the market now?
As a beginner investor with low capital ($500 to invest monthly) and already investing in an ETF, I’d like to know if constantly adding new individual stocks to my portfolio monthly OR instead focusing on monthly cost averaging just the 2 stocks I own currently would be the better option for me now?
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Zachary Teo
16 May 2020
Art Director at Ad Agency
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Better to invest every quarterly given the spare monthly cash you have at disposal. Those transaction fees will erode any returns you have if you nibble at $500 per month per stock.
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Lin Yun Heng
16 May 2020
Senior Analyst at Delphi
With 500 to invest monthly, I would assume you have approx 3-4k to invest? In the current market (un...
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Hey Eman! As what everyone have mentioned below, $500 per month will chipped into your comission and transaction fees. I would suggest to keep it at quarterly investment or half a year. This way, you can get bigger quantity with lesser transaction fees. As what YJJ.lens have mentioned, the future of the stock market can be uncertain. So keep this amount to yourself now, cash is good in crisis time. Buy it on lumpsum instead.