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Stock Market Is UP!

January 22nd, 2013 at 11:31 pm

I don't follow our retirement accounts too closely, but I did record the values at year end and then looked again last night before the markets opened up again today. And they were up again today!

We have a good portion in the S&P 500 index fund and it is up 4.65% since December 31. That doesn't seem like much, but once you reach that century mark of $100K, things start moving up pretty fast. We are closing in our next $100K...so will be watching for the day that it does that.

We are dollar cost averaging our purchases in every month with automatic investment and payroll deduction. It makes it so easy to invest and not think too much about it. How do you invest for your retirement? Payroll deductions, auto invest, mail a check? Lump sum or dollar cost average?

Posted in Saving | 5 Comments »

5 Responses to “Stock Market Is UP!”

  1. BuckyBadger Says:
    January 23rd, 2013 at 12:59 am 1358902753
    1358902753

    I lump sum whatever I can to get it into the market faster. (Lump sum beats DCA 2/3 of the time.) I DCA what I have to. So that means that our 401k/403b contributions come out of our paychecks regularly throughout the year in order to keep the company matching going all year long. Every January as soon as I can find 20 minutes to do it I max out our (backdoor) Roth IRAs. Bbut to me, that's really just DCA'ing every year for the next thirty years. HSA comes out automatically every month.

    That's it for tax advantaged accounts. Our taxable accounts are funded with what I scrape off the top of our accounts every month. I usually wait until I have a thousand bucks before I put it into taxable accounts. However, this year we had some extra money sitting around after moving and selling a car so I lump summed our entire yearly taxable investing goal just last week. I have yet to decide if we'll put more into the taxable account or just spend it on a nice vacation or treat for ourselves.

    All accounts are funded with payroll deductions or debts from checking accounts.

  2. Beawealthywarrior Says:
    January 23rd, 2013 at 01:49 am 1358905751
    1358905751

    I auto invest w/dollar cost averaging, quick and simple

  3. Petunia 100 Says:
    January 23rd, 2013 at 02:43 am 1358908998
    1358908998

    I would prefer to max my IRA on Jan 2 every year, but I just don't have the cash on hand to do it. Maybe someday.

    I contribute to my employer's plan, and those contributions are remitted once per month. I have an automatic contribution to my Roth each month, but not enough to max. Then at the end of tax season when I am paid my overtime and bonus, I contribute a lump sum to my Roth and/or traditional.

    I hear you on your "stock market is UP!" I realized the other day that my retirement accounts increased 17k last year excluding contributions. That's a lot of money to me. Smile
    Whatever we have to do to get the money in there.

  4. North Georgia Gal Says:
    January 23rd, 2013 at 02:26 pm 1358951195
    1358951195

    I just started a 401k through my employer. They will take the money directly out of my check. Unfortunately by work doesn't have a match program.

  5. creditcardfree Says:
    January 23rd, 2013 at 03:51 pm 1358956308
    1358956308

    NGG, that is great! A match would be nice, but getting started on your retirement is a good first move.

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