Okay, I've been reading on this board for a few months, read many past threads, and have read many of the kind of finance books for the masses. But I'm still not sure of a plan...
Husband and I are just into our 30's, we max out on allowable contributions for all non-taxable savings (IRA, TSP, etc). Also, no debt. So each month a good amount comes in, but I am not sure of a good strategy for how to allocate it. So we have now accumulated a (kind of) ridiculous amount of CD's. Husband doesn't really have an opinion; would rather spend his free time fixing up houses or building furniture.
Have a list of about 15 companies that I would like to buy and have looked at the Valueline and my brokerage firm's analyses (the two pretty much agree), but I really think they are overvalued. I say this just based on gut feeling, completely unscientific, just based on following the market for decades.
Have read the comments on Vanguard, Wellington, etc. etc. So if stocks are overvalued (presumption), wouldn't that mean Wellington, Wellesley, etc. is overvalued? And if I'm waiting for the stck prices of these 15-so co's to fall, shouldn't the same approach be used with the managed funds?
Or should I just forget the market timing, and just start buying? I hope this makes sense.
Husband and I are just into our 30's, we max out on allowable contributions for all non-taxable savings (IRA, TSP, etc). Also, no debt. So each month a good amount comes in, but I am not sure of a good strategy for how to allocate it. So we have now accumulated a (kind of) ridiculous amount of CD's. Husband doesn't really have an opinion; would rather spend his free time fixing up houses or building furniture.
Have a list of about 15 companies that I would like to buy and have looked at the Valueline and my brokerage firm's analyses (the two pretty much agree), but I really think they are overvalued. I say this just based on gut feeling, completely unscientific, just based on following the market for decades.
Have read the comments on Vanguard, Wellington, etc. etc. So if stocks are overvalued (presumption), wouldn't that mean Wellington, Wellesley, etc. is overvalued? And if I'm waiting for the stck prices of these 15-so co's to fall, shouldn't the same approach be used with the managed funds?
Or should I just forget the market timing, and just start buying? I hope this makes sense.