punkisgreat wrote:Buying such a large lump sum of something does still make me nervous. Any thoughts on buying say $100,000 of a mutual fund today vs splitting that up into 12 monthly installments to get dollar-cost averaging for the year?
What you don't realize is that holding on to these stocks is far more dangerous than buying a bunch of index fund shares. You are worrying about the wrong thing. It is as if you were trying to get from Los Angeles to New York hanging on to the undercarriage of a freight train, and then finally realize your foolish ways in Salt Lake City and get off. There's a greyhound terminal right there but instead of buying a bus ticket you say "that bus is going so fast -- 65 miles an hour! -- I think I'll walk for a few hundred miles first." Just buy the bus ticket.
That said, the mind can play great tricks on us, and if yours is determined not to let you convert from stocks to mutual funds in one fell swoop, then convert to cash and buy the funds as fast as you can tolerate. Don't let the best be enemy of the good.
You do realize that the mutual funds you want to buy hold shares in thousands of stocks, right? They are FAR less risky than what you now hold.