the burning monk : Psychology of Money 🫡

the burning monk OP Discern : Nobody knows whether it will go higher or lower. But time is of essence, consistency is key, so I suggest you just DCA now but with a longer time frame. Example biweekly 100 dollars, if it drops to a comfortable range you could do 100 weekly or 200 biweekly. Don’t try to time the market, time in the market is key.

the burning monk OP Discern : DCA is just a general investing strategy, which is just buy routinely and the cost of your entire investment averages out over a period of time. RSP is just moomoo’s feature to automate your buys automatically to enable you to do DCA, without you doing it manually.

the burning monk OP Discern : Of course if there’s cheaper broker fees then go with that. My bank charges the same as moomoo so no difference for me. Also I am lazy to deal with constant switching between platforms, since moomoo has wide variety of investment options I might as well do all my investments in one place. 1.5% fee is high but that depends on your investment horizon, 1 year sure its a lot, 10 years maybe not so much. Pick your poison.