This $10 per month, dollar cost averaging strategy is being applied onto Robo Investing. Doing this monthly update is just to help everyone and to help myself understand the performance of Robo Advisors over the long run.
STRATEGY
- $10 is automatically giro-ed into my Smartly portfolio on the 8th June every month.
- Another $10 is added everytime there is a significant drop in the market.
INSIDE MY SMARTLY PORTFOLIO
There is no changes in the holdings and allocation for this month. 83% is in stocks, 16% is in bonds, 1% is in cash.
This is a portfolio itself, consisting of stocks, bonds and cash. There is no additional transaction or rebalancing fee. There is only a 1% annual management fee.
The return is about 2.3% since May 2019.
FINAL THOUGHTS
Over the past month, there has been much volatility. But it is important to stay invested. Time in the market is more important than timing the market.
Let the market and dollar cost averaging do their work. Always keep a long term perspective when investing into the stock market.
Please take note: Robo Investing is not suitable for people who wants to earn quick money.
Disclaimer: www.engboonhow.com is an opinion based website. I am not a financial advisor, and the opinions on this site should not be considered as financial advice. This is not a sponsored post. You can contact me for a referral code to invest via Smartly if you like to.