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Started By
Message
Start Investing
Posted on 11/10/17 at 9:50 am
Posted on 11/10/17 at 9:50 am
I just started my career and since I am finally making a paycheck, I want to start investing some of my earnings. I understand nobody can really time the stock market. However, I am hesitant to start putting my money in almost any American indexes markets simply because the price is so high compared to the history of the market.
Everyone always says, “buy low sell high” and I feel like if I was to start investing now, I would just be buying high.
So…do yall think I should just start dollar cost averaging in the market? or wait till the market comes down to buy even if it is in 2-5 years?
Thanks in advance for recommendations.
Everyone always says, “buy low sell high” and I feel like if I was to start investing now, I would just be buying high.
So…do yall think I should just start dollar cost averaging in the market? or wait till the market comes down to buy even if it is in 2-5 years?
Thanks in advance for recommendations.
7
Posted on 11/10/17 at 10:11 am to glaceau
quote:
So…do yall think I should just start dollar cost averaging in the market?
yes
quote:
wait till the market comes down to buy even if it is in 2-5 years?
if you try and do that, what's your floor in order to start pulling the trigger? You said it yourself, don't try and time the market.
if you are just starting your career, in 30 years it won't matter if you started getting your dollars in when the market was at 23k or at 20k. just start doing it!
Posted on 11/10/17 at 10:27 am to glaceau
Either set DCA schedule and stick to it religiously, or dump it in all now. Market goes up over time. Don't try to guess. Pick a plan and follow it 
Posted on 11/10/17 at 10:36 am to jimbeam
There are multiple studies that show that opportunity cost of waiting for a market drop of 10 percent of more lead to less returns than just going in when you can.
Posted on 11/10/17 at 12:51 pm to ghost2most
10 percent is a big drop. I'm awaiting a 3% pullback to really put more money in. but I have some in already and have made good gains on the already inflated market
Posted on 11/10/17 at 1:11 pm to glaceau
This all depends on what you are using the investment for.
Retirement, just get started in the American indexes.
House DP, maybe something more conservative even a savings account.
The point is, you are going to be saving for different goals throughout your life. It's good to just get started and I recommend putting a little in lots of different vehicles.
Retirement, just get started in the American indexes.
House DP, maybe something more conservative even a savings account.
The point is, you are going to be saving for different goals throughout your life. It's good to just get started and I recommend putting a little in lots of different vehicles.
Posted on 11/10/17 at 8:02 pm to glaceau
quote:
Start Investing
This.
You have a steady job and are producing a steady income stream. That will dwarf whatever you have saved so far.
Posted on 11/10/17 at 10:31 pm to glaceau
Sounds like you're young, so you have time on your side (unless you get hit by a bus - so don't get hit by a bus).
It's TIME IN, not timing, that will lead to your long term investment success. The best you'll do with timing is to get lucky every now and again.
It's TIME IN, not timing, that will lead to your long term investment success. The best you'll do with timing is to get lucky every now and again.
Posted on 11/12/17 at 3:51 pm to glaceau
Never worry about where the market is. You are playing the long game. Invest 20% of your salary now. When you have a family, you won’t be able to save. Atfer that, rat hole everything you can in that same fund after you pay your expenses. I put mine in a stock mutual fund. 100%. I don’t have time for bonds, etc.
Posted on 11/12/17 at 4:05 pm to glaceau
I started investing late (around 25) but I've managed to put at least 100 a month towards investments since then. Sometimes I have more I can put towards and sometimes a bit less (during holidays) but I still invest. Even if you can't do a lot I would do a little in a few safe investments that you're not worried about.
Posted on 11/19/17 at 10:54 am to tduecen
You need to put away as much as u feel comfortable with. You can invest in energy since it has been a lacking sector vs the all time high market.
Posted on 11/19/17 at 11:38 am to tduecen
quote:only on the money board...
started investing late (around 25)
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