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

Posted on 12/18/23 at 2:02 pm
Posted by Billy Blanks
Member since Dec 2021
3787 posts
Posted on 12/18/23 at 2:02 pm
I like to do a lump sum first week of the year to get it out of the way.
Posted by Crescent Connection
Lafayette/Nola
Member since Jun 2008
2018 posts
Posted on 12/18/23 at 2:20 pm to
$2500 VGT
$2500 VOO
$1000 PLTR
$1000 CRSP
Posted by JOJO Hammer
Member since Nov 2010
11907 posts
Posted on 12/18/23 at 3:15 pm to
A tin can in buried in the yard.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14443 posts
Posted on 12/18/23 at 3:33 pm to
I like My Divs and i love buying stocks. Will be adding shares to my Div Portfolio throughout the year. Have been adding to for last few years.Already make a few grand off these Divs yearly. I figure by the time i retire should be doing fairly well since these seem to increase their Divs yearly. I know there are alot but i enjoy buying on down days.
Here's My list in IRA:
MCDONALDS CORP
CATERPILLAR INC
WATSCO INC
DEERE & CO
NORFOLK SOUTHERN CORP
COSTCO WHSL CORP NEW
SHERWIN WILLIAMS CO
ROCKWELL AUTOMATION INC
ELI LILLY & CO
PUBLIC STORAGE INC
HERSHEY COMPANY
AIR PRODUCTS & CHEMICALS
UNITEDHEALTH GROUP
ILLINOIS TOOL WORKS INC
CUMMINS INC
UNION PACIFIC CORP
NEXSTAR MEDIA GROUP INC
JOHNSON & JOHNSON
ABBVIE INC
CLOROX COMPANY
T ROWE PRICE GROUP INC
DOMINO'S PIZZA INC
GOLDMAN SACHS GROUP INC
HOME DEPOT INC
ACCENTURE PLC IRELAND
PEPSICO INCORPORATED
TEXAS INSTRUMENTS INC
W P CAREY INC
ENBRIDGE INC
INTERNATIONAL BUSINESS
Posted by AuburnCPA
Member since May 2008
18821 posts
Posted on 12/18/23 at 3:47 pm to
Why dump a large sum in near the 52 week high?
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2115 posts
Posted on 12/18/23 at 4:01 pm to
VTI keeping it simple
Posted by Billy Blanks
Member since Dec 2021
3787 posts
Posted on 12/18/23 at 4:14 pm to
quote:

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




An IRA lump sum really isn't a large amount of dump into anything.
This post was edited on 12/18/23 at 4:16 pm
Posted by euphemus
Member since Mar 2014
536 posts
Posted on 12/18/23 at 4:22 pm to
Not a fan of DCA when it comes to IRA? Haven't there some studies done in the past that showed that it is better to contribute $650-$700 per month throughout the year vs one large lumpsum at the start of the year in terms of getting better returns?
Posted by Teddy Ruxpin
Member since Oct 2006
39561 posts
Posted on 12/18/23 at 4:23 pm to
quote:

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


Every 52 week low was a possible 52 week high at some point.
Posted by Billy Blanks
Member since Dec 2021
3787 posts
Posted on 12/18/23 at 4:26 pm to
quote:

Not a fan of DCA when it comes to IRA? Haven't there some studies done in the past that showed that it is better to contribute $650-$700 per month throughout the year vs one large lumpsum at the start of the year in terms of getting better returns?




Ah, not really. Just doesn't seem to matter all that much at that level.
Posted by TheGooner
Baton Rouwage
Member since Jul 2016
996 posts
Posted on 12/18/23 at 4:47 pm to
You need to add Realty Income to that list.
Posted by ItzMe1972
Member since Dec 2013
9784 posts
Posted on 12/18/23 at 5:04 pm to
Posted by whiskey over ice
Member since Sep 2020
3254 posts
Posted on 12/18/23 at 5:25 pm to
quote:

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


this. if it was me I'd probably just put it in the money market and buy the next dip
Posted by rocksteady
Member since Sep 2013
1279 posts
Posted on 12/18/23 at 6:33 pm to
quote:

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


I don’t necessarily disagree, but it’s not a massive buy - shove it in there for 25+ years and let it do its thing. Micro managing a few hundred bucks of buys throughout the year isn’t worth it.

Can’t remember what I didn’t last year but I think it’s usually mega growth & dividend growth ETFs with a few years of dumping it all in an individual stock.

I like stuff that’s been beat up - Pfizer @ 6% 10 year lows and everyone shitting on it… interesting.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14443 posts
Posted on 12/18/23 at 7:17 pm to
quote:

You need to add Realty Income to that list.

That one is in my non IRA account along with a few defense stocks like LMT.
Posted by SM1010
Member since Oct 2020
756 posts
Posted on 12/18/23 at 7:34 pm to
Pretty sure it's opposite and a lump sum at the beginning of the year beats DCA more often than not. Time in the market wins most of the time.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72545 posts
Posted on 12/18/23 at 7:49 pm to
quote:

Every 52 week low was a possible 52 week high at some point.


bingo
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72545 posts
Posted on 12/18/23 at 7:49 pm to
HKRS

YAYO
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11079 posts
Posted on 12/18/23 at 8:09 pm to
Divys > buybacks
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 12/18/23 at 8:27 pm to
DCAing is more emotional than it is based on math. Investing when you have the money available is the better mathematical play on average.
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