I make decent money.. Emergency fund is filled and nicely getting 4.6% in saving acct..so now to start getting the rest to work. Just added 6.5k in backdoor Roth IRA (2023 tax year) and will have the next 6.5k in January for 2024!
My problem is.. Qqqm, VTI. Voo(the good ones) etc.. Have done very well this year. some are at their top. My fear is January comes in I add the 6.5k to the roth. Then invest it all in one or split between etfs.. Then a damn week later a mayor pull back start cause those etf are at Ath and im there seeing how 13k start dropping either really fast or worse, Really slow bleed but since it's IRA I can't even.buy more. So it's basically loosing money and time!
The conflict is basically " yeah.. Smart to buy at all time high" vs " don't try to time the market"
So would it make more sense to just DCA idk 500 every week? Then there will be the comments saying "best time to Invest is always now!" "don't leave money sitting you'll miss out"
I know you can't predict the market but if the s&p would've been down 10% this year.. The decision would've been easier. It doesnt matter if it continued to drop I just wouldn't feel as bad as buying Ath!
Submitted December 13, 2023 at 12:39AM by ERP987 https://ift.tt/r3jEq0n
