Is it a good time to invest in US stocks? The prices are quite high now. And is it good to start putting money in roboadvisor now — the US stocks and gold are at peak :/ ? - Seedly
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Anonymous

Asked on 07 Aug 2020

Is it a good time to invest in US stocks? The prices are quite high now. And is it good to start putting money in roboadvisor now — the US stocks and gold are at peak :/ ?

Should I wait a little longer or just put in money to invest now?

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Ninja
Level 7. Grand Master
Answered on 08 Aug 2020

Best time to invest is yesterday. Next best time is now. Most people don’t get it

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Hi Anon! I think it is ultimately up to your risk appetite and time horizon. Unless you have any liabilities or are cash tight, the time is now!

We can’t time the market and people are definitely jumping into the market now given the current situation. If you’re able to take on higher risks, do enter now by opening a brokerage account or robo-advisor for something more fuss free.

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Ju Choo
Ju Choo
Level 3. Wonderkid
Answered on 08 Aug 2020

You need to know you risk profile & time horizon (e.g whats your holding power?) Set aside enough money for whatever reasons and you can start your investing journey...

When you are looking to accumulate wealth over your lifetime, different staring points may bring better returns. That being said, the more time you have invested in the stock market, the better chances of building a substantial wealth.

If you start to set aside money every month and invested in those funds into a diversified portfolio over your working career, you would have definitely benefit a stellar returns on your investments in the stock markets during the last 10, 20, 30, 40 and 50 years.

So ask yourself when are you ready to set aside every single month to invest?

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Clive Ang
Level 4. Prodigy
Answered on 08 Aug 2020

Hi,

You cant time the market ever. So dollar cost averaging is the way to go. If you are not comfortable putting in a lot of money now, then hold onto more cash. Should the market drop, you have more deployable capital at your disposable to lower your average cost

Hope that helps!

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered on 07 Aug 2020

For ultra-longterm investing there is no good nor bad entry point

market timing is impossible

roboadvisors have their costs and reduced performance but can be a O.K. start

https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy

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