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I have convinced my friend that she should open an IRA (even though she refused to consider the Roth as an option)She made two years worth of contributuons right before tax day. Now those monies are sitting in a money market until she figures out what to do with them. She refuses to buy stock (she has a low risk tolerance) so I have tried to convince her to put the money in an index fund. Is it better to dollar cost average into these funds or to put the money directly into what may be an overvalued market at the moment. If she dollar cost averages, what time periods would be recommended? thanks for any imput.
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