RetirementColdHardTruth
Recycles dryer sheets
Hey there team. Well market this post is going to be for Market Timing. I know it is a no no but I see an opportunity to make some Mad Money. If not I can hold for the long term anyway.
Theory: August 2nd will come with a last minute solution to the debt crisis. As such the stock market will rally over the next few days some 5-7%. I am going to buy into the market near open on August 1st, I expect the open to be really bad. I have been doing well with some bonuses and tax returns so will drop in 20k to shore up my AA anyway. I think it is a good opportunity for my money that needs to be invested anyway. The cash is allocated for my retirement funds so I will most likely stay in no matter what way the market goes.
Thoughts, Comments, Abuses, Name Calling etc are welcome. I know Market Timing doesn't work but I feel this time it will be a nice bounce, if I am wrong no real harm done.
My other option is just invest the 20k in equal chunks over the next 12 months on a weekly basis.
Theory: August 2nd will come with a last minute solution to the debt crisis. As such the stock market will rally over the next few days some 5-7%. I am going to buy into the market near open on August 1st, I expect the open to be really bad. I have been doing well with some bonuses and tax returns so will drop in 20k to shore up my AA anyway. I think it is a good opportunity for my money that needs to be invested anyway. The cash is allocated for my retirement funds so I will most likely stay in no matter what way the market goes.
Thoughts, Comments, Abuses, Name Calling etc are welcome. I know Market Timing doesn't work but I feel this time it will be a nice bounce, if I am wrong no real harm done.
My other option is just invest the 20k in equal chunks over the next 12 months on a weekly basis.