Asked by Anonymous
Asked on 07 Nov 2018
Was using Autowealth for about a year and 2 months now, it was performing well until the recent drop which results in it's gain dropping to 1.06%. Which is lower then my bank account. Was thinking of withdrawing it for the time being and putting it into STB or just my account, would like some advice on whether the community think it's a good move
I would excuse myself from this topic as i am not a subject matter expert on this.
Top Contributor (Dec)
You just bought high and about to sell low. Worst thing to do when investing.
If prices are dropping and the investment philosophy is still sound, you should be adding in more money not taking it out.
We're going through a market bump, nothing big yet but everyone's losing money.
Time in the market is more important.
In fact, I suggest you to not look at your returns for the next 3 years if possible.
You'll only make money in the market in the long run, not in the short.
Please make sure you know what you're investing in, what your portfolio comprises of before investing. If not, you'll make mistakes like this.