Author Topic: Sitting on cash - need to find a home for it  (Read 1280 times)

Andy up north

  • 5 O'Clock Shadow
  • *
  • Posts: 8
  • Location: Up north.....
Sitting on cash - need to find a home for it
« on: January 04, 2017, 01:08:12 PM »
Hi all,

during last year I collected $60k in a money market in my Vanguard solo401k. Reluctant I watched for an "opportunity" (stupid) to jump into the market. In hindsight, the market has climbed during the last several months and I'm sitting here with a long face. 
So the question is; just dump the money in a Vanguard date targeted fund (and don't look back for long time) or some cost averaging scheme?

No sure. Any suggestions out there?

Anders
 

dandarc

  • Magnum Stache
  • ******
  • Posts: 3472
  • Age: 36
Re: Sitting on cash - need to find a home for it
« Reply #1 on: January 04, 2017, 01:11:43 PM »
I'd dump it all in right now.

Cwadda

  • Handlebar Stache
  • *****
  • Posts: 2182
  • Age: 25
Re: Sitting on cash - need to find a home for it
« Reply #2 on: January 04, 2017, 01:16:03 PM »
Dump it. For long term you'd be better off just putting it in instead of trying to market time and predict the future.

Retire-Canada

  • Walrus Stache
  • *******
  • Posts: 6728
Re: Sitting on cash - need to find a home for it
« Reply #3 on: January 04, 2017, 03:24:06 PM »
Any suggestions out there?

Invest the money. Today.

Andy up north

  • 5 O'Clock Shadow
  • *
  • Posts: 8
  • Location: Up north.....
Re: Sitting on cash - need to find a home for it
« Reply #4 on: January 05, 2017, 11:28:54 AM »
Thanks for your comments.
Also got inspired by jlcollinsnh.com and took the plunge and went for it all to VTSAX.

Now, kick back and leave that one alone.