I have $30k to dump into the market and start a new portfolio. I want to put it all in spy at once, but i am wondering if i should wait for a pullback or just invest and forget. I know markets do well in an election year but i am also worried when earnings drop in Q1 24 for FY 23 it could be horrendous, idk.. thoughts?

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Setup $1,200 recurring investments every week for the next 6 months

likesmart

You can't time the market. DCA isn't meant for one-time investments, it's designed for continuing investment.

Waiting is only good for those too fearful of otherwise investing.

It's never good to time the market or "wait for pullbacks".

People who waited for pullbacks in November are still waiting.

That being said, election year seasonality suggests markets will be weak at the start of the year. Which makes sense since we have had 12 straight positive weeks, the most in 6 years.

DCA is always your friend, but be prepared to get better buying opportunities in the near future

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Sell a cash secured put option contract for the stocks you like (need to be able to buy 100 shares). If it expires worthless, sell another put. Continue until you get assigned. Hold the stock and when you get tired of it sell a covered call option contract. Continue selling covered calls until you are back to cash.

This strategy will pay you cash for each contract sold. This premium will insulate you from market swings. This strategy is called "the wheel".

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Here's an easy to understand reference on options trading if you want to dip your toe in. https://tastytrade.com/options/how-to-trade-options/

Generally speaking and assuming you have a long time frame (5+ years), in bull markets lump summing gives the greatest returns for SPY and in bear markets DCA is the optimal choice. Either way, choose the one that helps you sleep at night.

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Is your perspective on this fund 1, 3, 5, 10+ years or days? If the former, it doesn’t matter. If latter, I wouldn’t dump it into spy.

For a couple days?? Why would you do that lol

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Never dump it all in at once, we are also at a top in economic cycle. Markets are extremely volatile in election years that’s why gold has been running up into 2024. Also you may want to spread it out more then just spy there’s a lot of ETFs. I typically add to the corrections in the market 5-10% pull backs. That’s just how I add to my ETFs

People have been saying we are at the top of the cycle for over a year now. But of course no one knows, and the people most confident in their beliefs are usually wrong.

Put 10k in crypto 401k long term trading investments. I’ll be glad to put anyone through

You may want to look into the ZEBRA options play. You are basically long 2 70 delta calls and short 1 50 delta call. It is a great way to control the SPY at a fraction of the cost and you can use it to hedge the position in the future if things go south by with the same play using put options. All this can be done in an IRA too. Here is a link to a good description of the ZEBRA...https://www.youtube.com/watch?v=Qg1Dzv4mYvM

Buy $5k every other week. If market drops, increase your size.

Ideally you'd want to spread them out and reducing timing risk.

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