I managed to get out in time to miss most of the damage in the markets, but of course that only makes me half right. The result is that I cannot decide where or when to get back in!
Most of my problem is that I have the bulk of my investments in taxable accounts. The reasons are personal, but that is the way it ended up. I am looking at real estate, which seems to be a good buy, but I don't think I really want to be a landlord. Stocks are scary after what they have just been through and the bond market is paying virtually nothing.
Here is my question:
Since it would seem that every asset class got hammered in this downturn, is everything prety much equally on sale? If that is the case then couldn't I just ease into a couple of funds like Wellesley and DODBX and call it good?
I dread paying the taxes every quarter, but since I am only about 5 years from ER it doesn't make sense to go into an index assortment, sell in 5 years and pay the taxes to move to a fund I like long term, and I like Wellesley and DODBX long term.
My previous setup was a self directed slice and dice which was OK, but I did not seem to get any more than I would have with the two funds listed and I felt like I had to watch it myself. I am glad I did, because I got out in time but still, I could have done just as well by letting those two funds do all the work.
Am I wrong, is there one asset class which is better than the others that I should be loooking at?
I would welcome any feedback. I don't post often but I do respect the opinions I frequently read on this board.
Most of my problem is that I have the bulk of my investments in taxable accounts. The reasons are personal, but that is the way it ended up. I am looking at real estate, which seems to be a good buy, but I don't think I really want to be a landlord. Stocks are scary after what they have just been through and the bond market is paying virtually nothing.
Here is my question:
Since it would seem that every asset class got hammered in this downturn, is everything prety much equally on sale? If that is the case then couldn't I just ease into a couple of funds like Wellesley and DODBX and call it good?
I dread paying the taxes every quarter, but since I am only about 5 years from ER it doesn't make sense to go into an index assortment, sell in 5 years and pay the taxes to move to a fund I like long term, and I like Wellesley and DODBX long term.
My previous setup was a self directed slice and dice which was OK, but I did not seem to get any more than I would have with the two funds listed and I felt like I had to watch it myself. I am glad I did, because I got out in time but still, I could have done just as well by letting those two funds do all the work.
Am I wrong, is there one asset class which is better than the others that I should be loooking at?
I would welcome any feedback. I don't post often but I do respect the opinions I frequently read on this board.