Tallman4123
Recycles dryer sheets
- Joined
- Aug 15, 2014
- Messages
- 141
DW and I are moving from a HCOL area to a LCOL area. Selling our current home and buying another in our new area (both homes currently under contract; closings scheduled for the end of July) will net us just under $300k after we set aside some monies for improvements to our newly purchased home.
I'm struggling with how to invest this money; meaning should I dollar cost average, value average, or just put it into the markets all at once. We're currently invested mostly in index funds through Vanguard and Fidelity and it is my intent to place this money with one or both of those firms. My intent is to match my current asset allocation (65/30/5), and since my DW intends to keep working for 2 or so more years - I'm retiring when the transaction and move occur - we won't "need" the funds for at least that length of time.
I'm not into market timing at all; I've always been a buy and hold kind of guy, but I'm struggling with my perception of a high current market valuation. I keep thinking, "Well, if it were $30k instead of $300k, you'd throw it into the markets without hesitation, so why is $300k different"? Part of the answer for me is that this represents 10% to 15% of my future retirement fund, so THAT makes the decision feel much more consequential.
Any thoughts/advice appreciated.
I'm struggling with how to invest this money; meaning should I dollar cost average, value average, or just put it into the markets all at once. We're currently invested mostly in index funds through Vanguard and Fidelity and it is my intent to place this money with one or both of those firms. My intent is to match my current asset allocation (65/30/5), and since my DW intends to keep working for 2 or so more years - I'm retiring when the transaction and move occur - we won't "need" the funds for at least that length of time.
I'm not into market timing at all; I've always been a buy and hold kind of guy, but I'm struggling with my perception of a high current market valuation. I keep thinking, "Well, if it were $30k instead of $300k, you'd throw it into the markets without hesitation, so why is $300k different"? Part of the answer for me is that this represents 10% to 15% of my future retirement fund, so THAT makes the decision feel much more consequential.
Any thoughts/advice appreciated.