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|Subject: Re: Should my first investment be AFTER Y2K?||Date: 10/25/1999 11:48 AM|
|Author: DrBob2||Number: 14761 of 82314|
Should I wait till January to roll my money market IRA into VFINX?
You need to be comfortable with what you do with your money. You might try dollar cost averaging, easing money into the market a bit at a time rather than all at once. Depending upon how much you have and the minimums for the mutual fund, you could invest in four equal amounts in November, December, January and February.
This strategy would involve rolling your money over into a Vanguard money market fund first and then making transfers each month. At any rate, you should probably start the rollover process as it can take awhile.
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