When it comes to investing, many myths circulate regarding the ideal time to enter the market. However, RSPs promote a disciplined approach that counters these misconceptions. Let's debunk a few myths:

• Timing the Market: Predicting the market's lowest and highest points is challenging and unreliable. RSPs advocate for consistent investments over time, helping to mitigate the impact of market volatility and allowing you to benefit from potential long-term growth.

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• Speculating on Short-Term Trends: Attempting to predict short-term market movements is risky. RSPs encourage investors to focus on long-term financial goals rather than being swayed by temporary market fluctuations.

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• All-In or All-Out Approach: RSPs discourage an "all-in or all-out" approach to investing. By investing regularly, you can take advantage of dollar-cost averaging. This strategy involves buying more units when prices are low and fewer units when prices are high, helping to smooth out the impact of market volatility.

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Regular Savings Plans offer busy Singaporeans a convenient and disciplined investment approach. By leveraging the advantages of RSPs, including flexible investment methods, multiple frequencies, and access to a diverse range of mutual funds, individuals can build financial discipline and benefit from professional fund management.

By dispelling myths about market timing, RSPs provide a long-term investment strategy that aligns with your goals and offers the potential for steady growth. Start your RSP journey today and pave the way toward a financially secure future.

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How to customize your own Regular Savings Plan at Webull?

For US stocks/ETFs: RSP card or 3 dots button at Individual Stock Details Page>RSP

Click to set up your RSP>>> 

For Mutual Funds: RSP button at Mutual Fund Details Page

Click to set up your RSP for Mutual Funds>>> 

Just set it up and enjoy your investing at Webull!