Originally Posted by tmm99
Anyway, I want to buy Wellesley, or any funds really, but prices are so high right now. I understand people who are currently wo*rking are putting in money in this market via 401K, etc, but how about the FIRE'd folks? Are you all waiting for the dip? Maybe the market is going to be shaken up in November? Anybody buying more Wellesley now?
I'm presently retiring and am struggling with the same decision for how to handle cash distributions from my firm's esop. My Vgd rollover IRA is in Wellesley (VWIAX) and Target Retirement Income (VTINX) and I plan to invest the bulk of the esop distro into additional shares of those same two funds.
But with W-2 income now history, I know my opportunities to DCA or buy the dips are mostly behind me now. And I find it hard to buy at current prices. I don't feel I need to hold out for a substantial correction - I just hate to buy in at the very top.
How much would the market have to retreat before I'd feel better about pulling the trigger? Admittedly, not that much at all.
(The sum over which I have cold feet represents a little less than half of my retirement portfolio.)