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Putting More Into the Stock Market

August 13th, 2009 at 03:15 pm

I have no idea if this is good timing or not, but I moved $3,000 of my husband's Rollover IRA money out of cash and into an existing fund.

I wanted to do it yesterday, but I needed to confirm with him that he was okay with it. He told me he was fine with it, but by then the market had closed for the day.

There's more money invested in cash, but we decided to dollar cost average the money back in over the next several months. That way I don't have to time the market. I wish I would have started doing it several months ago. That would have been great! However, the market is still down significantly from where it was last year at this time. Really, we are way too young to have much, if any, retirement money sitting in cash.

Posted in Saving | 3 Comments »

3 Responses to “Putting More Into the Stock Market”

  1. Broken Arrow Says:
    August 13th, 2009 at 03:46 pm 1250178387
    1250178387

    I think what you did is great! To me anyways, the market has been moving sideways, so it's actually a good time for people to buy in.

    But ah... well, if you don't like the idea of timing the market at all, it would be best to just set an asset allocation that is appropriate to you and then just stick with it.

    Because, the hazard of a sideways market is that it may not actually be a bottom. It may fall again. That's the risk. But if you're OK with that, and if you don't mind timing it a little bit, this is a very good time to be buying back in.

  2. creditcardfree Says:
    August 13th, 2009 at 03:58 pm 1250179101
    1250179101

    Thanks for the support, BA! If it falls again, we have time on our side to recover.

    This money wasn't intended to be in cash in the first place. It occured when my husband's 401K changed companies and put money into cash, so that we could direct which of the new funds he wanted. We procrastinated...and here we are.

  3. baselle Says:
    August 14th, 2009 at 07:58 pm 1250279928
    1250279928

    Its fine - hindsight is always 20/20. There are only two good times to get into the market, when you think about it: March (when times were really tough) and right now.

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