Whether you're a TikTok fanatic, a self-proclaimed meme lord, or an enthusiast of all things digital, there's an investment strategy perfect for you: dollar cost averaging (DCA). Grab a matcha latte, and let us break it down for you.
What's the deal with DCA?
Dollar cost averaging is a strategy that allows you to invest your money consistently over time rather than trying to time the market (spoiler alert: even the savviest investors find market timing a challenge). With DCA, you make regular contributions to your investment portfolio, regardless of whether the market is bullish or bearish. It's like building your investment empire brick by brick.
Hold On for Dear Life (HODL) Your Way to Success!
When it comes to DCA, HODLing is key. Instead of panicking and selling your investments during market downturns, you hold onto them for the long haul. By doing so, you benefit from the potential growth of your investments over time while avoiding the pitfalls of emotional decision-making. Be resilient and have patience.
Stay Cool and Buy the Dip (BTD)
Instead of getting spooked by short-term price drops, view them as opportunities to scoop up more holdings at lower prices. After all, it's all about snagging a great deal!
Set Up Your Autopilot with RSP! 🚀
As digital natives, we love automation, and that's where Regular Savings Plans (RSP) come into play. RSP is like setting your investments on autopilot. You can allocate a fixed amount of money each month to your investment portfolio, ensuring consistent contributions and taking advantage of cost averaging. It's effortless, convenient, and perfect for our on-the-go lifestyle. Just like ordering your favourite Starbucks drink on a subscription plan!
What's Next?
Discover a world of investment opportunities with Principal via Touch 'n Go eWallet’s GOinvest. It's your gateway to Principal's Global and Regional funds, giving you access to various markets and top industries. Start with just RM10 and own a real investment in a specific industry. Activate the monthly Auto Cash In to stay focused on your financial goals.
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