Have backdoor roth 7K sitting in money market funds - want to invest in VTI/VOO etc but waiting it out for some drop as things at all time high. I know we shouldn’t time the market but hoping not a bad strategy given the market?

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The big drop coming in Q2, hold tight yall

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You know you shouldn’t time the market but think it is a good strategy to time the market?

likesmart

Don’t overthink it - just invest. You’re far more likely to miss out of gains while waiting for the ‘perfect’ time.

Also the market goes up on average 6-8% per year. Earliest you can take Roth withdrawals is 59.5 yrs old, and I’m guessing you have at least a decade or two until then? On this timescale it doesn’t make any sense to try and time the market. The gains will swamp any benefit you get for waiting for a little dip today.

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Agree. Just pointing out everything is not locked up until 59.5

No one knows if it will go up or down but you sitting on this money is taking up your time and attention. Just invest it now and spend time increasing your income or enjoying life.

8 out of 10 years the market goes up, which likely means you are losing out on money besides wasting time.

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Things dropped Friday and today. You’re as likely to miss out big as save 1%

How old are you?

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