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Lump sum investment and investment frequency
Investing strategy
Hi guys! I am 36 Yr M. Looking to dissolve my stockspot portfolio (c.30k) due to below average performance, since I started investing in it in 2021. It just wont grow! Where my DIY portfolio is doing much better than it. I believe that I will be better off investing that money in my DIY ETF though pearler. Have worked that one year returns will be more than enough to cover the CGT. My pearler a/c is currently set on auto invest in 4 etf’s and one trade is done per month to buy the holding that is the furthest away from its % allocation. 1) My question is that should I: a)Just buy those 4 etf’s straight away in their corresponding proportions when I get the money, irrespective of the prices on the day. OR b) Should I just add like 2-3k extra each month to the auto invest account so that I can get the $ cost avg benefit. 2) I have set the auto invest in a way that it buys one etf per month. If I am investing $1000 per month and per trade cost is 6.5$, is one trade per month ok or shall I do 2 trades per month for better $ cost averaging? I have set it to one trade per month purely to keep the cost of investlemt low. Appreciate your thoughts, Thanks!
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