A few years ago I pulled almost everything out and put it into income producing funds. Now I have about $315k in my traditional IRA and $30k in my Roth IRA. I just put in an order for $20k to purchase VTIVX (2045 target retirement fund) and planning to DCA all of it back in. Tired of sitting on the sidelines trying to time the next recession. Is this the right thing to do? I guess no one knows but man it sucks missing out on all the gains for the last few years. I literally sold low and now buying high. FML.
Getting Back Into the Market
byu/Appropriate_Bet5290 ininvesting
Posted by Appropriate_Bet5290
5 Comments
This is exactly the reason timing the market is a fools game.
Learn your lesson and get back into the market ASAP
Sure, it’s fine if you have a long term horizon. If you are able to be more active, and think you’d be buying in right now with resistance at the top, you can sell covered calls on your holdings for extra money, best with SPY or QQQ, as they are daily. Being in a tax sheltered account helps, so you don’t have to worry about jumping in and out of stocks.
DCA it all back in is smart. But stick to it.
You sold low bought high.