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I've been interviewing with some companies, and now I have to decide between JPMorgan Chase and Globant.
Globant is more innovative, and has remote work. I will enter to work with a Sillicon Valley startup based in San Francisco. The tech stack is React, Nextjs, AWS, and a serverless architecture.
JPM is semi remote, and less innovative. The tech stack Java, SpringBoot and AWS. But I'd do more migration tasks, like dockerize projects and pass them to kubernetes. What would you choose?
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I’d say DCA since were at record highs.
Pro
If you look historically, we are usually near record highs
Rising Star
Flip your coin
Conversation Starter
You must have great financial success with that approach !!!
Pro
Front loading is statistically preferable since the market has gone up more than it has gone down. DCA will smooth out the ups and downs. If you have a long time horizon or the amount is relatively small, it won’t make a difference either way. I front load, but it did not work out great last year when I invested in January. With the benefit of hindsight, DCA would haven been better. I would continue to immediately invest but DCA may be easier for some psychologically
Pro
Are you talking about a large amount? If not it will not matter over the long term. My 2020 investment was cashing out a pension from an old employer. I rolled if it into my Ira and immediately put it in the market. Then February came along and I was down about 30 percent. At year end I am up from January, but that could have taken years and not months. Point of this babbling is that if you have a long enough horizon, you will be fine either way. So don’t worry about which way to go unless it is a really large amount or you don’t have that much time
Bowl Leader
My 401k is much larger and I DCA that so to the extent possible I'll frontload my IRA. Like in the pinned 401k post frontload results in a better answer more often than not.
If you don't have the cash available, $500/mo is a nice round number and easy to budget.
Rising Star
Front load if possible.