If you’re investing for the long-term, stay calm in the current shaky financial markets.
The gist of our in-house August commentary is, “given the sharp downturn in equities markets, please resist the temptations to sell into a panic.
Yes, we can expect volatilities in markets but realize that this often gives rise to opportunities (a chance to rebalance or do dollar cost averaging) and in such times, we believe investors should grit their teeth and ride through the volatility.”
So consider setting aside a pot of savings and use dollar cost averaging (DCA) as a balanced approach to grow your money.
DCA is a disciplined and convenient method to invest. Did you know? For as little as S$100 per month, you can start your own disciplined investment program and tap on the expertise of fund managers with credible track records to diversify your portfolio and accumulate your wealth.
Every month, for a fixed amount, you’d buy more investment units if the unit price is lower. You’d buy less if the price is higher. In this way, the price for your investment units is averaged out over time.
DCA is a disciplined and convenient method to invest, regardless of the market conditions.
If you buy unit trusts, you’ll tap on the expertise of fund mangers with credible track records to buy into great companies and across different sectors and industries geographically. Most importantly you don’t have to time the market.
Talk to your financial consultant to review and rebalance your portfolio at least twice a year.
Call me at 9231 8779 for an objective review of your investments.
Remain calm and focus on your long-term investment goal instead.
The above information is strictly for general information only and is not be construed as an offer or solicitation to deal in any fund, nor a recommendation to invest in any company mentioned herein.
The information contained in this blog is not intended to constitute individual investment advice and is not designed to meet your personal financial situation.
Consult your financial consultant before you make any decisions.