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I have never been in stocks before other than a few individual from time to time for the heck of it. All my capitol was directed into real estate which is what I know. However, I am getting too old to mess with it anymore and want an easier life. I have now read many many books on investing and been on this board for about a year. I have sold numerous rentals and have cash sitting in CD's for the momment.
My question: When I map out a desired portfolio for myself including index funds, vanguard Wellington, Reits etc that I would like to buy --- everything is over priced and at the top of the gain. To buy at this juncture doesn't seem prudent. So I need some stratagy of how I can get "IN" without doing it foolishly. I am a "value shopper" by nature (in all aspects of life) so buying when something is not a good value does not set right with me. So as a result, I sit with money in CD's Do I have to wait for a crash or a serious downturn to get in? Or is there some other way I can creep in slowly?
I would not be very good at analiyzing stocks myself, so I look to others to do that and listen to what they say. I know if I went to a money manager and said "Here is my million" please invest it. He will gladly do it, without much concern (I don't think) to my entry point.
The only thing that I have come up with so far, is to follow the recommendation of some of the "value guru's" (Geraldine Weis or Prudent Speculator type guys) and buy some out of favor stocks now.
What do you all say? What would you do in my shoes. I am 64 years old by the way and will be retiring next year.
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