It's so obvious that we goofed on this one that its actually embarrassing to write.
We made a nice chunk of money on the sale of a house. $73K to be exact. We've been mustaching for a while now, so we'd already paid off our small cars and student loans. No debt except for our mortgage, which is a 15 year at 3.125%, so we were feeling pretty mustach-y.
So, we're kind of new to the stock market, and kinda thought let's get our money in there asap. So we socked the whole 73K into a Vanguard index fund 3 days before that first BIG plunge. We've watched our 73K get down to 65K over the last month and a half.
I've learned since then that it's a pretty bad idea to sock that much in at once. I guess people with more experience put it in slowly over time to minimize the risk. So, my question is - what do we do now? Do we wait til the market is back up again, take it out, and then reinvest it little by little? Do we just let it sit there? This is not money we have any plans to touch for 20 years. It's been so hard to hear about how low it is though, and we bought right before it dropped. If we had invested a little at a time, we'd have hit some of those super low days. Grrr...
Feedback appreciated!
Jeastith