We rearranged our budget this year to put as much cash as possible in the market during the downturn. I also rolled 200k out of employer's 401k to my Fidelity IRA last week which I plan to put 3/4 in Index funds and the rest in individual stocks.
I feel trapped on the sidelines because I hesitate to plug this money into a market at 3-month highs.
I really don't care to DCA this money back into the market, because I want to believe we haven't seen the last of the fear-selling. I was really hoping the doom-and-gloomers were contagious and we would see a Dow in the 11k range through the Fall.
If the Dow stays >12,500 and growing, I will cut back our monthly investments and we will resume some "real-estate enhancement" projects that we postponed for this buying opportunity.
Do you think the big sale is over?
I feel trapped on the sidelines because I hesitate to plug this money into a market at 3-month highs.
I really don't care to DCA this money back into the market, because I want to believe we haven't seen the last of the fear-selling. I was really hoping the doom-and-gloomers were contagious and we would see a Dow in the 11k range through the Fall.
If the Dow stays >12,500 and growing, I will cut back our monthly investments and we will resume some "real-estate enhancement" projects that we postponed for this buying opportunity.
Do you think the big sale is over?