I recently inherited a couple of IRA's totaling $150,000 and a brokerage account with $50,000. These were in Edward Jones, but I transferred in kind to Vanguard as soon as I got control. Most of the money is in a cash position (the IRA's were split amongst inheritors, so maybe they had to liquidate some? -I also sold all of the C-shares). So, I have about $150,000 in cash (money market) with Vanguard.
I am planning on investing these in VTSAX, VTIAX and VBTLX. My question is, should I do this ASAP or should I wait for the market to have a small or large correction? I think the strategy for monthly and smaller investments is to go ahead and make the purchase and not wait for a dip, but what about a larger sum? Because of the time it took to get the accounts in my name, I missed out on the recent market uptick in the last few months.
I am 44 and also have an additional $450,000 in 403b's and 529 accounts, also with Vanguard.
But read this thread, too: viewtopic.php?t=173433
You may decide to invest all 100% without waiting after reading that and the links therein.
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