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Waiting. . . .

January 22nd, 2013 at 04:17 am

My Roth contribution continues to sit in the money market of my mutual fund, and now I am waiting. . . for the share price of various mutual funds to go down a bit before I purchase them. My various mutual funds have been hovering around the 52-week high share price since the 1st of the year. From what I could glean from the Wall Street Journal the markets were "happy" (my paraphrase) that we didn't go off the financial cliff, and then they were "happy" because of what went on with the debt ceiling. Seems kind of kooky to me! I'll watch and wait a bit longer, but would really like to complete this so I can get it off my list for another year.

Mr. H made his Roth contribution also.

5 Responses to “Waiting. . . .”

  1. Petunia 100 Says:

    Congrats on making those contributions already. Smile
    It's nice to see a new post from you. I have been thinking about you, I hope you are doing OK.

  2. creditcardfree Says:

    Personally, I'm hoping the market keeps going up. We contribute monthly. In an up year, like 2012, we paid less for shares in January then we did in December. If you are in for the long haul (10+ years) market timing is not really necessary.

  3. twest Says:

    Glad you all mentioned this. I have always wondered whether it matters if you send in contributions monthly or Jan of that year or wait until April. The other night Suze Orman said we shouldn't wait until April to contribute to our Roths for 2012. What is your opinons on this? Doesn't matter? Does matter?

  4. Petunia in a Flower Garden Says:

    Petunia 100 - thanks for thinking of me! I foresee some changes coming in my life and I say - bring it on!

    CCF - Yes, I probably shouldn't overthink this. Smile Just seems like we're in something of a bubble and I'm guessing the price will come down just a bit.

    Twest - I think it matters more that you just send it in!

    Monthly is a good option if you can't do the whole amount at once. I would rather pay the whole amount up front (when I can) and be done with it. This is my 2013 contribution - already in my Roth and just awaiting allocation to mutual funds. My current age has given me a much greater sense of urgency for retirement savings than I had during my 20's and 30's.

  5. Jerry Says:

    I agree with you, Petunia... the thing that matters MOST is that it is sent in. Some people may have the time and inclination to worry about when it happens, and the benefits that a particular month may lead to. But I think that with most people not even saving or investing at all, it is better to have the insurance that it is done, first and foremost.

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