facebookWith this coronavirus hooha going on is it a bad time for me to start using StashAway? - Seedly

Anonymous

20 Apr 2020

Robo-Advisors

With this coronavirus hooha going on is it a bad time for me to start using StashAway?

How will this affect my investments into Stashaway? Should I consider entering at a different time? What are some other considerations that I should have?

-Kamal, KL, Malaysia.

Discussion (4)

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Cedric Jamie Soh

20 Apr 2020

Director at Seniorcare.com.sg

Its a good time to buy a new kettle when there is a sales in the department store.

Even if the price of kettle drops, you won't be affected since you are going to use the kettle for years, maybe decades.

Do you want a sales when you start buying stocks?

Pang Zhe Liang

18 Apr 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

To determine if the market condition is favourable to invest, the question will be: Is there a right time to invest?

Accordingly, I have compiled a list of financial crisis and disasters since the 90s and every other strong reasons not to invest. However, the market has proven otherwise year after year.

Therefore, focus with the right investment strategy by knowing your investment objective. Then decide the tenure and decide whether to invest a lump sum or to do it via dollar cost averaging.

More Details:

Lump Sum vs Dollar Cost Averaging

Finally, invest into assets that suits your risk appetite.

I share quality content on estate planning and financial planning here.

No one is able to time the market with 100% accuracy. Continue to put in some money regularly for DC...

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