Anonymous
Should I sell my ETFs in Smartly, or wait for the market to recover?
I have about 2.5k in Smartly. Was about to withdraw when it’s earning about 10% returns then everything went plunging down and now I am -10%. Should I wait till it’s back up to neutral or positive (which would probably take a few more months considering the global impact now), or should I sell now. One consideration is that I am not doing any deposit (Smartly stopped monthly deposit) so now I am paying fees to hold my investment.
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Tan Li Xing
10 Mar 2020
Financial Consultant at Prudential Assurance Company (Singapore)
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Andy Sim
10 Mar 2020
HR Professional at a Financial Institution
Hi Anon, Robos are for the long term. There are bound to be market fluctuations like this every now and then. Like what Zhe Liang mentioned, think about why you invested in this at first, do you still believe Smartly's methodology? For the better part, stay invested, the markets will recover one day.
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Pang Zhe Liang
10 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Firstly, stay calm!
Next, go back to your investment objectives. Reflect upon why you invested in t...
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Hi Anon,
Investments are for the long term, markets will fluctunate, but in time they will recover and your investments along with it. It would be wiser to stay invested, and you will see returns in the long run