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re: Investment Advice For Recent LSU Graduate

Posted on 12/23/17 at 12:25 pm to
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2801 posts
Posted on 12/23/17 at 12:25 pm to
quote:

While I appreciate his concern about buying at an all time high, you don't get lost years of Roth contributions back. He needs to max out his $5,500 now, and while I think it's a really bad idea, but if it's the only way he'll do it, he can stick it in a bond fund, or hell, money market fund.


Agree 100%. Fund 2017 ASAP (ST bond or money market) and then I'd dollar cost average every pay check for 2018 in a Vanguard Index Fund (S&P 500 or Total Stock Market). During the year he can move the 2017 contribution from the ST Bond fund to an Index fund as he feels more comfortable.

Looks like he is off to great start and undoubtedly at least in part because of your good advice.

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