Need help getting back in the market after selling everything 12-31-2010. At that time I was almost even from the crash of 2006.
But having my money in money market is ridicules so I'm finally going to do something.
cyclinggirl wrote:Need help getting back in the market after selling everything 12-31-2010. At that time I was almost even from the crash of 2006.
But having my money in money market is ridicules so I'm finally going to do something. Here's where I stand.
I'm 55 and not working, with no prospect to start. Partner has agreed to cover most bills until I can take funds from my retirement accounts which I plan on doing at 59 1/2.
In my Vanguard IRA account I have the following:
$590,000 in cash
$7,000 in IYW, an ETF of Tech Companies
$5,000 in EMC (purchased in 2000,when it doubled I sold 1/2)
In Vanguard single account
$60,000 in cash
Bank account, single
Morgan Stanley IRA (previous employer)
$40,000 in cash
$20,000 in General Mtrs Bonds paying 7.5%
$40,000 VTA - A closed end bond fund, fixed income senior floating rate paying 7.2%
Morgan Stanley single
I have a rental home where the rent covers the mortgage, but not taxes and insurance - loss of $6,000 a year. Currently on the market with good prospect to sell with a profit of approx. $50,000 (nothing is for certain).
Any suggestions would be greatly appreciated.
cyclinggirl wrote:After reading all the great advice I feel easing into the market would work best.
As of the 2nd I'll be putting $300,000 of the Vanguard IRA into VTWNX, Target 2020 fund, it appears to have the best stock/bond ratio for my age and situation.
Not sure after that first purchase the course I will take but at least I'll be in market.
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