facebookWhen is the correct time to average down on robo investments? - Seedly

Anonymous

06 Jun 2019

āˆ™

Robo-Advisors

When is the correct time to average down on robo investments?

So I started an account with stashaway and moneyowl in march when the market was near peak a few days before trump tweeted..

Both platforms are currently negative right now. I'm thinking if I should average down on them or put the money somewhere else?

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Discussion (4)

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Jia Jing

06 Jun 2019

Associate Product Manager at Moneyowl

Dear Anonymous,

Thank you for investing with us!

To answer your question, I would like to refer you to a letter written by our CEO/CIO 3 weeks ago on 13/05/19, titled ā€˜Investing with Best Odds through Market Turbulenceā€™ .

It can be found in the link below:

http://bit.ly/moletterfromceo

Have a great day! :)

I would still invest consistently and take advantage of the price drop with dollar cost averaging monthly to buy more units.

Definitely if you are looking at robos, take a longer term view. It's currently only 3 months since you put in your investment!

Gabriel

03 Jun 2019

Undergraduate at National University of Singapore

As the saying goes, time in the market is better than timing the market. Thus, adopt a long term min...

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