Anonymous
I’m planing to set up AutoWealth and Syfe equity100 soon. Just wondering is it a good time to put my money in given how prices are sky high?
I plan to be invested for 3-5 years for Autowealth and >7 years for equity100
Should I just start investing now and DCA in regardless of the market? Am I approaching this correctly?
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Syfe
31 Dec 2020
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ike-jime
24 Dec 2020
someone at from knowhere
Invest,Research,Understand,Learn Start investing to increase your experience
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Jiayee
24 Dec 2020
Salaryman at some company
Invest now. Get started.
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Absolutely. Its a pointless exercise to 'time' the market. One thing you can do though is to keep a 'cash reserve' in addition to your DCA which you can deploy during market corrections and/or for cases where there is short-term volatility or correction in a specific company which you are interested in (depending on your personal risk profile). Good luck!
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Yes.
It is better to have "time in the market" than "timing the market". In short, get your hands d...
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Hello there! Time in the market is more important than timing the market. To build wealth over the long term, regular investing is a good place to start for most people.
Furthermore, waiting for the market to correct again results in missed opportunities. The great investor Peter Lynch may have said it best: “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
For more insights into this topic, do check out our article here:
https://www.syfe.com/magazine/global-stocks-ral...
Hope this helps!