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I just dropped 11k for 13' and 14' Roth IRA contribution....
Posted on 4/2/14 at 1:15 pm
Posted on 4/2/14 at 1:15 pm
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?
Thoughts?
2
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.
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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