Hi,
I've come into some money (15k€) that allows me to invest for the first time. I've read many MMM posts as well as "The simple path to wealth" and "The intelligent asset allocator", but I'm unsure about what to do.
After reading about dollar cost averaging, I've invested ~6300€ of that money in a couple of ETFs in the beginning of the month, with the plan to invest ~1500€ each subsequent month until July (mostly in S&P500).
However, 2 things have happened since then: I've read some texts that advocate against dollar cost averaging, and my stocks have increased over 6% in value (7% for S&P).
So between that and the S&P P/E and P/B being quite high, I am wondering what to do: stick to my original plan? change the frequency of the 1500€ investments to something like every 3 months? invest the rest of the lump sum right now?
Also, I don't especially want to have 100% invested in stocks and would like to diversify, but as I understand it does not seem to be a good time to invest in bonds. Is that correct? If not, are US bonds available to Europeans? I should also note that I have a savings accounts that yields 2.11% after taxes (the catch being I can't withdraw from that account without closing it), should I use that to diversify until bonds get more interesting?
What do you think?
Thanks!