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re: With Jan 1 approaching...where are you putting your IRA money?

Posted on 12/18/23 at 10:04 pm to
Posted by slackster
Houston
Member since Mar 2009
85387 posts
Posted on 12/18/23 at 10:04 pm to
quote:

Why dump a large sum in near the 52 week high?


Some interesting numbers for you using SPY which goes back to 1/29/1993 using Yahoo Finance daily data and dividends reinvested:

There is a 9.1% chance that your investment would be at an ALL time high on any given day of the 7777 trading days for which I have data.

Also, there is a 5.1% chance on any given day that your investment will never be lower than it is that day.

I find that to be pretty fascinating.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11689 posts
Posted on 12/19/23 at 5:58 am to
If you're backdoor'ing it, then it's lump sum anyway.
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