Hey everyone,
I find myself in a pickle and would love some advice. Per good financial advice, I decided to rollover my higher fee 401k(s) into a Vanguard IRA, and planned to invest in low fee ETFs.
However, during the rollover, I mistakenly thought that the trade was "in kind" meaning that the funds would automatically go into more equities, but instead it was liquidated into a money market account (very dumb oversight but I was moving across country, starting a new job, etc.).
This was in August, and now the market has skyrocketed 15% and looks like it will continue to rise. This is around $73k and this represents less than 10% of our assets.
What would you do in my situation? Would you just bite the bullet/eat the loss and just buy back into the market to capture the gains, or would you wait it out?
Thank you community.