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Did you manage to correctly time the Market during the Covid-19 crash?
By Value Warrior  •  July 31, 2020
Well I certainly did………….. Not….. I wished that I had correctly timed the market and bought into the market at its lowest during March. I also wished that I was so confident about it that I had dumped a huge chunk of my war chest into the market. Unfortunately, that is just not possible…. Well, not for me anyways.... Emotionally, it is just too difficult. The next best thing that I can do, which is what I actually did, is to buy on the dip. I was buying a small amount of STI when the market was going down by more than 1% and I would buy more if it goes down more. At least by doing that, I managed to deploy some of my war chest into the market at an ok average price. Emotionally, if STI goes up, I am happy. If STI goes south...
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By Value Warrior
A regular working Joe starting out his value investing journey. I started my investment journey late at the age of 34. Looking back i wish i had started earlier so that power of compounding can work its magic. Nevertheless a good time to start investing is always NOW!!! So here i am having started this journey, i planned to reach Financial independence at age 65. Wish me luck.
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