It’s the best time to buy! 🤑 Or is it?

Everything is getting cheaper! 

Time to buy! 

Buy the dip!

So you hear many people say these days.

Perhaps your best course of action is to do nothing and just observed. 

I only have RM1K, should I start investing? No.

I only have RM10K, should I start investing? No.

I only have RM11K, should I start investment? Maybe. I’ll prolly keep RM10K for Emergency Funds, then RM1K for investing in a safe & liquid investing vehicle. Then continue allocating into BOTH Emergency Funds and again, a safe & liquid investing vehicle.

I don’t have extra funds nor emergency funds, should I take up a personal loan to start investing? Absolutely NOT.

Yes, a downturn would present opportunities to some. But greed can be costly too.

Invest in a stock but without savings may force you to liquidate at a loss. If you think buying a stock at RM100 then selling at RM100 doesn’t incur losses, think again. Don’t forget there may be fees involved for each trades. This is probably still an acceptable amount for loss.

What if you didn’t have the opportunity to wait for your stocks to bounce back to its initial or higher price?

What if the bear period last for years?

Obviously there are two possibilities: Up or Down. Bull or Bear.

There isn’t a need for FOMO (acronym for Fear of Missing Out).

I assure you that you DEFINITELY do NOT need to be in the stock market to retire rich.

In fact I think if I didn’t invest in the stock market and 

1) starting savings early, 

2) ensuring I have chosen a combination of safe vehicles (ie MMF, ASM, EPF self-contribution, etc) and 

3) relying on the power of compounding, 

I dare say my Net Worth today may have been 5-figures (maybe even close to 6-figures) higher! I’m not making things up.

For context, I have paper losses and realised losses of 5-figures. Also I started being financially literate abit later (I mentioned in my last post) therefore losing out on years of compounding opportunity.

In conclusion, you’re not entirely missing out on opportunities to get rich. 

You still need to get some work done like increasing your income and getting literate.  THAT, you can start now.