Asked on 24 Mar 2020
Is it also a good time to buy now?
If you are unsure about which stocks to buy, I've this video on buying OCBC shares vs STI ETF vs Singapore Fund. It will quickly help you understand reason of buying with a diversified approach. Watch: https://youtu.be/4AjcMnd5344
As to when to buy?
Start today. Plain and simple. It's something I've done myself, suggested to family and to any private clients.
There is little benefit to procrastinate.
What matters to you most is to be able to invest and not look at it for 5years.
It is very likely (when you look back then) a great decision.
Hope it helps, if in doubt seek advice from a qualified adviser or drop me an email at [email protected]
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Interesting question. I do however think there is no 'good time' to buy. The stock market crashed around the world because of COVID but interestingly they're recovering because of the budget gave out by the government.
If you're looking for best stocks, I would say go for REITs. Given that the government recently ramp up the control of crowd in the public space + WFH, the shopping centres and offices are definitely affected. Hence, I believe their prices will fall in the coming week.
But everything is DD (Due Diligence). Please read up on your own and follow the latest news. Do not invest your savings into it because it is a 'good time' now.