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?

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Posted by Lsut81

Member since Jun 2005

80151 posts

Posted on 4/2/14 at 1:17 pm to iluvredboxx

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.

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Posted by guttata

prairieville

Member since Feb 2006

22506 posts

Posted on 4/2/14 at 1:22 pm to Lsut81

I agree with above poster. I would buy it, over time.

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Posted by iluvredboxx

Lafayette

Member since Mar 2012

899 posts

Posted on 4/2/14 at 1:48 pm to Lsut81

Thanks for input

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Posted by Lsut81

Member since Jun 2005

80151 posts

Posted on 4/2/14 at 2:10 pm to iluvredboxx

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 4/2/14 at 2:28 pm

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Posted by That's BS

Smoothie King Center

Member since Jan 2012

1783 posts

Posted on 4/2/14 at 2:19 pm to Lsut81

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

This x 1000.

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Posted by StinkBait72

Member since Nov 2011

2057 posts

Posted on 4/2/14 at 7:15 pm to iluvredboxx

Did the same thing back in January. Glad I talked myself into just diving in head first, up 5% since...

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Posted by cuyahoga tiger

NE Ohio via Tangipahoa

Member since Nov 2011

5835 posts

Posted on 4/2/14 at 8:09 pm to StinkBait72

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.

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