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re: For those that had money invested in 08-09
Posted on 5/2/15 at 8:01 pm to Lsut81
Posted on 5/2/15 at 8:01 pm to Lsut81
quote:
I know I know its time in the market, but I can't stomach to throw a lot of cash in with as high as it is right now
If you dollar cost average and you are using the market for long term >15-20 yr investing then you shouldn't worry about putting money in when it's "high as it is now".
There is no way of knowing when the correction is coming and by how much. A fund that seems high at $50/share at this market high will still be a bargain when it is likely $75 or higher/share in 15 yrs.
Timing the market is no different than timing the roll of the dice at a craps table for the majority of investors.
1
Posted on 5/3/15 at 12:52 am to 0jersey
I was in target date funds in January of 2009 before everything crashed. I sold in March of 2009 and bought Financial and Insurance Select Funds because I thought they would have a bigger bounce back. They have and then some. I also took some liquid cash money and bought Citigroup at about $1.00/share, GE at 8.00/share, and BAC at $4.00/share. My only regret with hindsight being 20/20 is not doing more.
I also had alot of LVS at about $100/share when it was "supposed" to go to $200. It got down to below to $10 and I dollar cost averaged over the next year and finally sold for $23/share and ended up having a decent gain. Wife was pissed of course while I was in the red on that trade.
I also had alot of LVS at about $100/share when it was "supposed" to go to $200. It got down to below to $10 and I dollar cost averaged over the next year and finally sold for $23/share and ended up having a decent gain. Wife was pissed of course while I was in the red on that trade.
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