Anonymous
What should I do at the moment as recession is coming?
I'm currently losing money in my DBS UNIT TRUST/NIKKO AM SINGAPORE ETF. SGD 1227 of 1300 invested. My monthly contribution of 400 of every 15th of the month. While on the other hand, my Stashaway account is earning approximately 1% after 4 months. Any advice?
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Based on your amount you listed, it seems like you started investing 4 months ago. Take note that investment is a long way. Do not panic unnecessarily. I setup my StashAway account on April 19 and my DBS unit trust in jun'19
Despite the initial drop, just hold on to it and you should see some improvements unless you have no emergency funds or menas to keep the investment going
Judging from the term you used "losing money" and "earning"…I am worried you have the wrong concept of investing. Hopefully it's just a poor choice of word you from your side
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Elijah Lee
19 Aug 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
It would seem that a 6% drop in your portfolio value is making you concerned. However, when the rece...
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Don't panic and sell off your investments. If you do, it means you are investing based on emotions and nothing else. Do some research on what you have invested in, then evaluate whether it is still worth keeping your money in these places.
Suggest reading articles from investment bloggers and from Seedly. Many of these articles provide insight on what you are investing in :)