I just bought the market....

good move

although the buy and hold needs perfect timing though...be wary

i would dollar cost average over the next 12-24 months

I bought about 25% of what I will buy over the next 6 months, Im going to go about 10% at a time with the rest...

Good luck Vanzack.  Were you completely out of the market before this in all cash in retirement account? 

Unbelievably, and quite by accident (totally by accident) - I have only about half of my 401K in equities.

I am almost ashamed to admit this, but I havent checked my 401K account for about 5 years until about 2 months ago.  I had a 10 year working career from 1990 to about 2000 where I put money in to 401K, but just left it alone.

I now have a self employed 401K (because I file as a professional gambler schedule C) - I am allowed to put in enormous amounts (up to about 45K per year) to my 401K.  I did it last year, but it automatically invested it in my set profile which was probably appropriate for a 65 year old.

So now I am making my 45K contribution now instead of the end of the year for this year, and am reallocating the 200K or so that is already in there in to 100% equities.

I have 25+ years.  If the market doesnt recover by then, I probably dont want to be alive anyway.

dow futures up 400 this morning....good shit

I am allowed to put in enormous amounts (up to about 45K per year) to my 401K

this is the Uni-K. talk to your FA as you may be able to get your corp to match yourself for some $ as well.... you may also be able to add your wife on as an employee/consultant, pay her and have her open a special retirement account under your corporation

Looks like you may have picked the sweet spot.  

u dont look 25+ on your pic...

 

quote of the month in my opinion