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)
Made a Trade
September 22nd, 2009 at 03:18 pm
September 22nd, 2009 at 04:16 pm 1253636165
Ones that know they can't time the market, and ones that don't know it yet.
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!
September 22nd, 2009 at 09:45 pm 1253655921