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Made a Trade

September 22nd, 2009 at 08:18 am

My husband has cash in a rollover IRA, that we are systematically moving back into the market.

Yesterday, with the market down, would have been a better day. But, I'm doing it today anyway. I'm no market timing expert, so I'm not going to pretend I am. The fund we are buying is still lower than it was several years ago. So, I think we are okay to move in and still find growth ahead of us.

Trade specifics:
$3,000 of Fidelity Contrafund (FCNTX)

2 Responses to “Made a Trade”

  1. Broken Arrow Says:

    Hehe, well, I once read somewhere that there are only two kinds of market timers:

    Ones that know they can't time the market, and ones that don't know it yet. Big Grin

    Although I obviously try to time the market, I've never forgotten that line. I think it's imperative that I don't delude myself into thinking that I could ever successfully and consistently time the market.

    Which is ironic then as to why I even bother to try. Well, in the end, I don't have a good answer for that except I would still like to see for myself how much of the market can or can not be timed.

    Plus, I don't trade with all of my money. In fact, most of it are in passive mutual funds and I am also moving into bonds soon. So, even if I completely screw up, at least it's won't be catastrophic.

    Congrats on your buy by the way!

  2. LuxLiving Says:

    Good work!

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