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Message
Vanguard IRA + Index Fund : Bad time to go in?
Posted on 1/4/17 at 10:02 am
Posted on 1/4/17 at 10:02 am
Doing some research and have decided this is my best course of action:
Open Vanguard IRA and invest into a Vanguard Index Fund.
I'm fairly confident this is a sound decision, even if it is a bit "safe" but now I'm feeling a bit "paralyzed".
I do not think it is a good time to get into the market, as it's at an all time high.
I do not want to be sitting here 6-months, 1 year or 2 years from now, still sitting with my thumb up my bum, earning pennies on my savings, waiting for a crash or dip that is not coming.
Advice? Quit being a coward and pull the trigger? Wait for the market to adjust?
I feel like the next year with the transition of power both nationally and globally we will see a lot of market volatility but I'm no financial genius and I've been wrong a hundred times before, but I don't really want to waste anymore time with my money "not working".
Open Vanguard IRA and invest into a Vanguard Index Fund.
I'm fairly confident this is a sound decision, even if it is a bit "safe" but now I'm feeling a bit "paralyzed".
I do not think it is a good time to get into the market, as it's at an all time high.
I do not want to be sitting here 6-months, 1 year or 2 years from now, still sitting with my thumb up my bum, earning pennies on my savings, waiting for a crash or dip that is not coming.
Advice? Quit being a coward and pull the trigger? Wait for the market to adjust?
I feel like the next year with the transition of power both nationally and globally we will see a lot of market volatility but I'm no financial genius and I've been wrong a hundred times before, but I don't really want to waste anymore time with my money "not working".
This post was edited on 1/4/17 at 10:08 am
4
Posted on 1/4/17 at 10:04 am to Wind
Do you mean ETF?
Posted on 1/4/17 at 10:09 am to Janky
quote:
Do you mean ETF?
No I'm just very new to this.
What I mean is an index fund, as opposed to a managed mutual fund.
IDK why I thought ITF was an appropriate abbreviation for Index Fund?
Posted on 1/4/17 at 10:12 am to Wind
quote:
Open Vanguard IRA and invest into a Vanguard Index Fund.
I'm fairly confident this is a sound decision, even if it is a bit "safe" but now I'm feeling a bit "paralyzed".
I do not think it is a good time to get into the market, as it's at an all time high.
I do not want to be sitting here 6-months, 1 year or 2 years from now, still sitting with my thumb up my bum, earning pennies on my savings, waiting for a crash or dip that is not coming.
Advice? Quit being a coward and pull the trigger? Wait for the market to adjust?
I feel like the next year with the transition of power both nationally and globally we will see a lot of market volatility but I'm no financial genius and I've been wrong a hundred times before, but I don't really want to waste anymore time with my money "not working".
How long you planning on staying in? 5 years? 10? 20? 30?
If it's long term, get in now. Get what gains you can, and hold.
Posted on 1/4/17 at 10:13 am to HailToTheChiz
quote:
How long you planning on staying in? 5 years? 10? 20? 30?
If it's long term, get in now. Get what gains you can, and hold.
15-20
You make a great point about getting what gains I have now and holding, I have 15-20 to recover and the market did just have a large correction in 08, are we really due for another so soon?
Doesn't make it much easier to pull the trigger unfortunately.
This post was edited on 1/4/17 at 10:16 am
Posted on 1/4/17 at 10:14 am to Wind
Get in and ride it. Bottom line is that no one knows what will happen. People have been predicting a correction for 3 years or more
Posted on 1/4/17 at 10:14 am to Wind
"Timing the market is for losers. Time IN the market will get you to the winner's circle, and you'll sleep better at night." (Michael LeBoeuf, author of The Millionaire in You)
Posted on 1/4/17 at 10:19 am to jmtigers
Over a 15-20 year period a correction won't make that much of a difference. Sure, if you could time the bottom of a correction to get it would be better but the chances of that are slim to none. Also, what gains to do you give while waiting for that bottom?
Posted on 1/4/17 at 10:29 am to HailToTheChiz
ok, somebody bump that thread by some guy who asked
"anyone else sitting on the side in the market"?
That guy has lost potentially tons of money by missing this last bounce. My stocks have all went up. every single one. So, somebody missed out by not being IN THE MARKET. time in the market is better than timing if you are in long term.
"anyone else sitting on the side in the market"?
That guy has lost potentially tons of money by missing this last bounce. My stocks have all went up. every single one. So, somebody missed out by not being IN THE MARKET. time in the market is better than timing if you are in long term.
Posted on 1/4/17 at 10:38 am to Wind
Thank you for all the responses to the thread.
Seems like the consensus for "long-term" (15-20 years) is get in and stop trying to time the market.
The returns I'll lose sitting and waiting are worth more than trying to time the bottom of the market.
Keep some of my savings and if and when the market crashes, reinvest.
Seems like the consensus for "long-term" (15-20 years) is get in and stop trying to time the market.
The returns I'll lose sitting and waiting are worth more than trying to time the bottom of the market.
Keep some of my savings and if and when the market crashes, reinvest.
Posted on 1/4/17 at 10:39 am to Wind
quote:
Thank you for all the responses to the thread.
Seems like the consensus for "long-term" (15-20 years) is get in and stop trying to time the market.
The returns I'll lose sitting and waiting are worth more than trying to time the bottom of the market.
Keep some of my savings and if and when the market crashes, reinvest.
If going all in will cause you to lose sleep you can also DCA in over the next 3-6 months. That may be a good middle ground.
Posted on 1/4/17 at 4:15 pm to Wind
of course there will be a correction at some point. But guess what, the market will come back, as it always does
Posted on 1/4/17 at 4:45 pm to HailToTheChiz
quote:
If it's long term, get in now. Get what gains you can, and hold.
I have a similar window, maybe even 20-25 years. Are Vanguard target date funds (window + 10 years) the way to go? This is for a Roth IRA supplementing my 401k.
Posted on 1/4/17 at 4:56 pm to meeple
I'd stick with an index fund.
I'd invest (for now) 5% to start; 5% every 4 months; then, when something hits, do 10% every 3 months.
I would be skeptical scaling in at all time highs, a new president, etc etc.
I'd invest (for now) 5% to start; 5% every 4 months; then, when something hits, do 10% every 3 months.
I would be skeptical scaling in at all time highs, a new president, etc etc.
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