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

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iluvredboxx
LSU Fan
Lafayette
Member since Mar 2012
229 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?







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Lsut81
USA Fan
Member since Jun 2005
64219 posts
 Online 

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.






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guttata
LSU Fan
prairieville
Member since Feb 2006
20034 posts

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


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





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iluvredboxx
LSU Fan
Lafayette
Member since Mar 2012
229 posts

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


Thanks for input





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Lsut81
USA Fan
Member since Jun 2005
64219 posts
 Online 

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


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That's BS
New Orleans Pelicans Fan
Smoothie King Center/Ponchatoula,LA
Member since Jan 2012
1061 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.






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StinkBait72
USA Fan
Member since Nov 2011
989 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...





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cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
1152 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.





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