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Brexit- flushing money into SEP

Old 06-27-2016, 08:21 PM
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Default Brexit- flushing money into SEP

With the latest events and the stock market down 800, I have about 30k I have to put into SEP by Oct. I'm thinking that no time is better than now to take advantage of a down market... your thoughts?
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Old 06-27-2016, 08:48 PM
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You can research on people's thoughts about trying to time the market.

Same old questions...how will you feel if you lose 60%, or 10%, time horizon, etc.

Good luck.
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Old 06-28-2016, 03:14 AM
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I haven't done the math, but I believe we are still about 7% above the lows from earlier in the year, and just a hair under breakeven YTD. There is no way to accurately guess what will happen tomorrow, next week or next year. Just make the contribution and invest. Then you can stop worrying about it.
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Old 06-28-2016, 03:21 AM
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There are always good companies worth buying, in this kind of market.
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Old 06-28-2016, 05:36 AM
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I wouldn't pull the trigger yet. This Brexit thing will bring other economic weaknesses bubbling to the top throughout the world.
The two biggest economies, US & China, are not in great shape and this could provide impetus for a good shakeout in both. I think the markets fall another 20% by October.
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Old 06-28-2016, 05:40 AM
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Originally Posted by s_ebels View Post
I wouldn't pull the trigger yet. This Brexit thing will bring other economic weaknesses bubbling to the top throughout the world.
The two biggest economies, US & China, are not in great shape and this could provide impetus for a good shakeout in both. I think the markets fall another 20% by October.

Agreed, but I believe it will take a little longer to play out. No chance I'd be rushing to toss money in after a tiny 5% sell off from an all time, massively inflated high.

.
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Old 06-28-2016, 05:44 AM
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Toss a 1/3 in now....1/3 later and 1/3 even later...
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Old 06-28-2016, 05:48 AM
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Originally Posted by schoolsout1 View Post
Toss a 1/3 in now....1/3 later and 1/3 even later...
Dollar cost average into this thing. No way to tell what's going to happen in the coming weeks. This is long term money not a trade, no reason to put it all in at once.
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Old 06-28-2016, 07:29 AM
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Originally Posted by bjm9818 View Post
Dollar cost average into this thing. No way to tell what's going to happen in the coming weeks. This is long term money not a trade, no reason to put it all in at once.
Most studies show that if it is really long term money (10+ years) then investing a lump now is most of the time better than dollar cost averaging.

Not saying I would do that but historically you lose by waiting to invest.
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Old 06-28-2016, 08:15 AM
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Originally Posted by joe.giuliano View Post
Most studies show that if it is really long term money (10+ years) then investing a lump now is most of the time better than dollar cost averaging.

Not saying I would do that but historically you lose by waiting to invest.
I would agree depending on time frame. If he invest over the next two months i would disagree unless he dumps it into one single stock. if we are talking taking a year to be all in then absolutely.
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Old 06-28-2016, 12:20 PM
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I'm 31 so I have long term goals here at hand. I consider myself fairly ignorant when it comes to investing. I have a couple ira accounts(Roth and SEP) set up through Fidelity. I'm a self employed general contractor and I use the SEP as my 401k. Does it make sense to put a little in the Roth and the rest in the sep? Any advise yall have is much appreciated.
Also, I currently have the money invested in growth/aggressive mutual funds.
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