I just dropped 11k for 13' and 14' Roth IRA contribution.... | TigerDroppings.com
Posted by
Message
iluvredboxx
LSU Fan
Lafayette
Member since Mar 2012
352 posts

I just dropped 11k for 13' and 14' Roth IRA contribution....

I decided to put it all in a money market for now instead of an investment, due to what I feel as the market is relatively close to its peek at 16500. I will not leave it in a money market for long as I do not want to miss out on dividends and compounding. I just did not want to enter at the current market rate, when I feel the market will adjust at some point in the near future to at least below 15000......
Thoughts?


Lsut81
USA Fan
Member since Jun 2005
66067 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
quote:

Thoughts?


I'm def not the one to be giving advice, but I would look at slowly start buying into funds. Don't go all in, but do 500-1000 every 2-4 weeks, so that you are dollar cost averaging.

The market might not go down to 15k for another year and you will miss out on returns over that time period.


guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
I agree with above poster. I would buy it, over time.


Replies (0)
Replies (0)
iluvredboxx
LSU Fan
Lafayette
Member since Mar 2012
352 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
Thanks for input


Lsut81
USA Fan
Member since Jun 2005
66067 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
quote:

Thanks for input


Trust me, Im hesitant to throw money into the market right now with how high it is, but I've been saying that since October and if I had held out, I would have lost out on a few thousand bucks.


I've got another 5-10k I could throw in right now, but I'm electing to slowly contribute it over time.
This post was edited on 4/2 at 2:28 pm


Replies (0)
Replies (0)
That's BS
New Orleans Pelicans Fan
Smoothie King Center/Ponchatoula,LA
Member since Jan 2012
1277 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
quote:

Don't go all in, but do 500-1000 every 2-4 weeks, so that you are dollar cost averaging.


This x 1000.


Replies (0)
Replies (0)
StinkBait72
USA Fan
Member since Nov 2011
1101 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
Did the same thing back in January. Glad I talked myself into just diving in head first, up 5% since...


cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
1769 posts

re: I just dropped 11k for 13' and 14' Roth IRA contribution....
I have been on the sidelines in my 401K since December waiting on the "correction". It did go down 5% briefly in January but went right back up. I cant get in now at this level, but the first big down day or two I'm jumping back in. Should never have stopped my steady contributions.


Replies (0)
Replies (0)
Page 1 of 1

Back to top

Follow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram