Investing or savings account?
Hello! I (24F) recently started using an investing app called Raiz and have been DCAing $50 weekly/fortnightly, now up to $700. I also have over $41000 sitting in a 5.25% p/a savings account from which I get about $200 monthly (before tax). I haven't been wanting to take money out of the savings to invest yet while I'm still new to investing, but rather using what I can from my fortnightly earnings (which isn't very much since I'm at uni). However, I recently saw that lump sum outperforms DCA, so would it be worth taking around $5000 from savings and investing it at a good time market wise? Short-termly I know the savings is better and that money is actually usable so I want to keep majority in there for when I can buy a house. Long-termly however I know time in market is the most important thing and starting early is best. I'm open to advice on switching to other platforms/different ETFs etc, still learning and would love some suggestions! Should I stick to what I'm doing or mix it up a bit? I currently have the sapphire portfolio on Raiz, the photos show what it's made up of (1) and it's performance both in my account since starting in Feb this year (2) and overall (3). Thank you 😁