Per the title, sitting on a sizeable amount of cash due to PSUs vesting etc. I’m down about 10 total percent on my target equity allocation (around 70 percent versus 80 percent personal target).
But (you all know where this is going)…. The pile is sitting in MMFs earning 5.25% net fees pre-tax (I shift to VUSXX due to marginal state tax savings over VMFXX).
I’ve seen the all studies which say, don’t dollar cost average, dumping it into VTI + VXUS in lump sum means you’re better off. However, we have a possible war in the Middle East (again), heading into the U.S. presidential election year, and a really unclear macro economic / fed interest rate environment.
Am I terrible to nibble back with the principal plus the interest payments until we get into 2024?
Submitted October 19, 2023 at 04:19AM by SWLondonLife https://ift.tt/utAeCxy
