Who is lump-summing a fund on January 2, 2014?

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HenryPorter
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Who is lump-summing a fund on January 2, 2014?

Post by HenryPorter » Mon Dec 30, 2013 10:05 pm

Placed an order for an exchange on Vanguard tonight. Starting a new fund, Vanguard Target Retirement 2040 Fund - VFORX. Easy decision as I have a high cash allocation in the money market. Also, I like the $1,000 minimum. I think the exchange will take place 1.02.2104. It is for my IRA. Next year, maybe I'll add another $1,000 for the 2015 fiscal year.

sambb
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Re: Who is lump-summing a fund on January 2, 2014?

Post by sambb » Mon Dec 30, 2013 10:26 pm

I will probably lumpsum a 529 in january.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by 555 » Mon Dec 30, 2013 10:29 pm

HenryPorter wrote:Placed an order for an exchange on Vanguard tonight. Starting a new fund, Vanguard Target Retirement 2040 Fund - VFORX. Easy decision as I have a high cash allocation in the money market. Also, I like the $1,000 minimum. I think the exchange will take place 1.02.2104. It is for my IRA. Next year, maybe I'll add another $1,000 for the 2015 fiscal year.
Won't the order go through tomorrow, Dec 31st 2013?

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Re: Who is lump-summing a fund on January 2, 2014?

Post by cfs » Mon Dec 30, 2013 10:33 pm

Leaders, good morning/afternoon/evening

Lump-summing to your IRA? Outstanding move. For the past two decades our first two checks/electronic transfers have gone to our IRAs, in this way the money invested is working for us from day one.

Thanks for reading and have a productive 2014.
~ Member of the Active Retired Force since 2014 ~

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Re: Who is lump-summing a fund on January 2, 2014?

Post by joe8d » Mon Dec 30, 2013 10:39 pm

555 wrote:
HenryPorter wrote:Placed an order for an exchange on Vanguard tonight. Starting a new fund, Vanguard Target Retirement 2040 Fund - VFORX. Easy decision as I have a high cash allocation in the money market. Also, I like the $1,000 minimum. I think the exchange will take place 1.02.2104. It is for my IRA. Next year, maybe I'll add another $1,000 for the 2015 fiscal year.
Won't the order go through tomorrow, Dec 31st 2013?
That will be the case and it would be considered as a 2013 contribution.
All the Best, | Joe

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Re: Who is lump-summing a fund on January 2, 2014?

Post by 555 » Mon Dec 30, 2013 10:45 pm

cfs wrote:.. in this way the money invested is working for us from day [minus] one.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by thomasbayarea » Mon Dec 30, 2013 10:45 pm

I always backdoor a Roth IRA in the first week of Jan.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Bacchus01 » Mon Dec 30, 2013 10:46 pm

Will be lumping into 5 X 529 accounts at $3k each
Will be lumping into 2 IRA accounts, then immediately converting to Roth's at $5,500 each
Will restart my 401k effective Jan 1st.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by tfb » Mon Dec 30, 2013 10:50 pm

HenryPorter wrote:Placed an order for an exchange on Vanguard tonight. Starting a new fund, Vanguard Target Retirement 2040 Fund - VFORX. Easy decision as I have a high cash allocation in the money market. Also, I like the $1,000 minimum. I think the exchange will take place 1.02.2104. It is for my IRA. Next year, maybe I'll add another $1,000 for the 2015 fiscal year.
Where are you exchanging from? If from a taxable account, and you already made your 2013 contribution to the IRA, I'm surprised Vanguard's computer didn't stop you. If it doesn't stop you, you will have some excess contribution to deal with. If you are exchanging from within the same IRA, how long did the money sit in the money market? Why wasn't it lump-sumed into the Vanguard Target Retirement 2040 Fund when the price was lower?
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Re: Who is lump-summing a fund on January 2, 2014?

Post by LAlearning » Mon Dec 30, 2013 11:12 pm

555 wrote:
HenryPorter wrote:Placed an order for an exchange on Vanguard tonight. Starting a new fund, Vanguard Target Retirement 2040 Fund - VFORX. Easy decision as I have a high cash allocation in the money market. Also, I like the $1,000 minimum. I think the exchange will take place 1.02.2104. It is for my IRA. Next year, maybe I'll add another $1,000 for the 2015 fiscal year.
Won't the order go through tomorrow, Dec 31st 2013?
1) Yes I am lump-summing 2 rIRAs. I have the cash, and I don't try and market time. Also this way I don't spend it :twisted:
2) Depends. His syntax is not clear. Tomorrow (12/31) is a trading day so it depends what date the order was scheduled for. If scheduled for 1/1/14, you will buy the price at the end of the day 1/2/14 (ha, not 2104). If he just specified BUY, then yes it will count towards 2013.
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Re: Who is lump-summing a fund on January 2, 2014?

Post by zaboomafoozarg » Mon Dec 30, 2013 11:26 pm

I always lump sum the taxable account at the end of December, and the Roth IRA and I Bonds on Jan 1.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by CABob » Mon Dec 30, 2013 11:30 pm

I would like to, but I will be busy handicapping Taylor's Boglehead contest.
Bob

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Re: Who is lump-summing a fund on January 2, 2014?

Post by RyeWhiskey » Mon Dec 30, 2013 11:33 pm

For the past three years, my investing lifetime, I have lump-summed in January into my Roth IRA. I like doing this instead of DCA as I don't need to think about it after the first week of the year. Then I spend the rest of the year saving and do it all again.
:beer
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Re: Who is lump-summing a fund on January 2, 2014?

Post by Sriracha » Mon Dec 30, 2013 11:44 pm

Have some options I have been resisting the urge to exercise for the past few months re: employer stock. Already did some earlier in 2013 and didn't want to increase the tax hit state/federal in 2013 by exercising more in December even the stock price is very favorable. Unless it collapses between now and Thursday morning, I'll be cutting loose first thing on Thursday to start the year off right and putting the money to work consistent with the ole AA after a relatively small deduction for something fun for 2014. :wink:
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Re: Who is lump-summing a fund on January 2, 2014?

Post by HenryPorter » Tue Dec 31, 2013 12:07 am

To clarify, the money is already in an IRA. Just exchanging out of a money market some $$. I think a straight out buy takes two days via electronic bank transfer. Guess the exchange happens next business day, so my lump sum will occur 12/31/2013 not 01/02/2014. No problem, I'll just lump sum again last trading day of 2014.

I predict 2014 will return another permanent plateau of higher stock prices. My pawn dealer told me so.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by tyler_cracker » Tue Dec 31, 2013 12:10 am

my order for $10k of i bonds is already scheduled for 1/2.

my $5.5k roth contribution is already queued up in my sweep account. i'll kick off the backdoor process on 1/2.

coincidentally, i have another chunk hitting taxable that will settle later this week.

"The best time to invest is when you have money." (and when the government lets you ;))

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Leeraar » Tue Dec 31, 2013 12:14 am

I will be lump summing what I can in tax-advantaged accounts, making the investment requests on January 1: HSA, and Roth IRAs which are gifts to my kids.

My wife and I are retired, and making withdrawals from our IRAs. Even though I have earned income, I see no point in further funding our own IRAs. I may be missing something.

L.
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Re: Who is lump-summing a fund on January 2, 2014?

Post by telemark » Tue Dec 31, 2013 12:48 am

I plan to put another $6500 into my Roth IRA, which should take two funds into Admiral status. Yay!

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Re: Who is lump-summing a fund on January 2, 2014?

Post by grabiner » Tue Dec 31, 2013 1:58 am

I always make my entire IRA contribution at the start of the year, but it's a tiny portion of my portfolio. (And it isn't usually even an addition to my stock allocation; the dividends I receive in December reduce my stock allocation because they go to my money-market fund, but a week later that amount moves to a stock fund in my Roth IRA.)
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Re: Who is lump-summing a fund on January 2, 2014?

Post by White Coat Investor » Tue Dec 31, 2013 2:15 am

I'll do 3 529s, an HSA, and two backdoor Roth IRAs on January 2nd. Does that count? All old funds though.
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Re: Who is lump-summing a fund on January 2, 2014?

Post by FinancialDave » Tue Dec 31, 2013 2:17 am

Go for it --- The more the merrier. I am cleaning up some accounts in the new Year, so I hope you buy lots of shares and drive the market up, so I can sell higher!!!

If I am going to buy I always do it Dec 31st --- seems like I usually have a better chance of making 1-2% in just a couple days -- let's see how it goes this year.

fd
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Re: Who is lump-summing a fund on January 2, 2014?

Post by IlliniDave » Tue Dec 31, 2013 6:26 am

I'll probably place my order to exchange from my MM into my nondeductible IRA on Thursday. I get to make a catch-up contribution and might use the entire $6500 to buy a new fund in that account, either initially or when I convert it to a Roth. I've been using my relatively tiny Roth to collect some "trinkets" that tend to have variable correlation and a lot of volatility since rebalancing within the account is convenient and without tax consequences. Not sure what I'll buy yet, likely I'll look at what has lagged performance-wise over the last several years. But I've got the cash teed up and it will be a lump sum purchase.

The thing I'm not sure about is whether I should wait to do the conversion. I reviewed several old threads on the topic and thought this year I might let it sit 30 days in the nondeductible TIRA before converting. Probably unnecessary, it seems, but I prefer to tread lightly when it comes to the IRS.
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Re: Who is lump-summing a fund on January 2, 2014?

Post by max12377 » Tue Dec 31, 2013 7:19 am

I will make the full Roth Contribution Jan 2. Also have 100% of my paycheck going to fund the 403b. Good times.. :sharebeer

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Re: Who is lump-summing a fund on January 2, 2014?

Post by FillorKill » Tue Dec 31, 2013 7:36 am

I finished most 2014 IRA matters yesterday 12/30/13.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Bounca » Tue Dec 31, 2013 8:03 am

Lump summing some play money into a Roth ira. Hot Hands approach, buying Fidelity Select Biotech FBIOX. Puny 1 % of my portfolio.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Grasshopper » Tue Dec 31, 2013 8:10 am

Already did a bunch of Wellesley yesterday after the distribution last week.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by 555 » Tue Dec 31, 2013 8:38 am

BBL wrote:I finished most 2014 IRA matters yesterday 12/30/13.
How?

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Re: Who is lump-summing a fund on January 2, 2014?

Post by FillorKill » Tue Dec 31, 2013 8:48 am

555 wrote:
BBL wrote:I finished most 2014 IRA matters yesterday 12/30/13.
How?
Maybe I'll start a thread/compose a post that explains. No time right now, however....

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Re: Who is lump-summing a fund on January 2, 2014?

Post by 555 » Tue Dec 31, 2013 3:53 pm

BBL wrote:
555 wrote:
BBL wrote:I finished most 2014 IRA matters yesterday 12/30/13.
How?
Maybe I'll start a thread/compose a post that explains. No time right now, however....
I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by aua868s » Tue Dec 31, 2013 4:55 pm

555 wrote: I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.
I tried to contribute for 2014 Roth IRA as well. Does not give me the option in Vanguard. I only see the screen which says that I have contributed the fully allowable amount for 2013. Looks like if it allows me to do it tomorrow (Jan 1st), the funds would be trading in the market only on Jan 3rd. Does that mean than no one can actually get the money to start working from Jan 2nd? Or am I missing something?

Regards
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Re: Who is lump-summing a fund on January 2, 2014?

Post by 555 » Tue Dec 31, 2013 6:45 pm

aua868s wrote:
555 wrote: I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.
I tried to contribute for 2014 Roth IRA as well. Does not give me the option in Vanguard. I only see the screen which says that I have contributed the fully allowable amount for 2013. Looks like if it allows me to do it tomorrow (Jan 1st), the funds would be trading in the market only on Jan 3rd. Does that mean than no one can actually get the money to start working from Jan 2nd? Or am I missing something?
Yes, you can (first) order it on Jan 1st for 2014 Vanguard IRAs. The trade will execute on first market day, Jan 2nd 2014.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by ajcp » Tue Dec 31, 2013 7:25 pm

aua868s wrote:
555 wrote: I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.
I tried to contribute for 2014 Roth IRA as well. Does not give me the option in Vanguard. I only see the screen which says that I have contributed the fully allowable amount for 2013. Looks like if it allows me to do it tomorrow (Jan 1st), the funds would be trading in the market only on Jan 3rd. Does that mean than no one can actually get the money to start working from Jan 2nd? Or am I missing something?

Regards
I just contributed 4,000 (the amount I already contributed in 2013 before transferring my IRA to Vanguard). Even though it won't hit the account until Thursday, they now tell me that I've contributed 5500 for 2013. I wonder if they'll adjust that, or if I'll be able to do the same thing next December.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by TomatoTomahto » Tue Dec 31, 2013 7:25 pm

We will do a back door Roth early in January, but the big lump sum investment will be when bonuses come out (Feb/Mar).

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Toons » Tue Dec 31, 2013 7:44 pm

Before retiring ,I would lump sump both spouse and my Roth Ira(Vanguard Lifestrategy Growth) 1st trading day of New Year. :happy
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

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Re: Who is lump-summing a fund on January 2, 2014?

Post by runner9 » Tue Dec 31, 2013 7:51 pm

I can't find the thread, but remember last January 2 (2013) when the market jumped a good bit higher? A lot of folks commented on how they couldn't lump sum before the first jump of the year. Who knew it would keep going higher from there?

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Re: Who is lump-summing a fund on January 2, 2014?

Post by FillorKill » Wed Jan 01, 2014 7:49 am

555 wrote:
BBL wrote:
555 wrote:
BBL wrote:I finished most 2014 IRA matters yesterday 12/30/13.
How?
Maybe I'll start a thread/compose a post that explains. No time right now, however....
I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.
Yes it is simple. Yes it can be accomplished by a Vanguard customer and no it does not require a future scheduled transaction. I hadn't thought it such a novel concept, maybe it is.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by ajcp » Wed Jan 01, 2014 9:08 am

BBL wrote:
555 wrote:
BBL wrote:
555 wrote:
BBL wrote:I finished most 2014 IRA matters yesterday 12/30/13.
How?
Maybe I'll start a thread/compose a post that explains. No time right now, however....
I assume it's something simple, like you use someone (can't be Vanguard) who allows you to schedule transactions at a specified future date.
Yes it is simple. Yes it can be accomplished by a Vanguard customer and no it does not require a future scheduled transaction. I hadn't thought it such a novel concept, maybe it is.
I'll take a stab...you mailed a check :wink:

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Re: Who is lump-summing a fund on January 2, 2014?

Post by FillorKill » Wed Jan 01, 2014 9:14 am

ajcp wrote:I'll take a stab...you mailed a check :wink:
No, sorry, that isn't it. I haven't mailed a check to fund an IRA since the '90s and the max was 2K.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by aquifer » Wed Jan 01, 2014 10:08 am

I will lump sum my 2014 Roth (back door) and start a taxable account by lumping 5-6k in January.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by island » Wed Jan 01, 2014 11:03 am

BBL wrote:
ajcp wrote:I'll take a stab...you mailed a check :wink:
No, sorry, that isn't it. I haven't mailed a check to fund an IRA since the '90s and the max was 2K.
BBL No time to answer, but apparently plenty of time to play 20 questions?

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Re: Who is lump-summing a fund on January 2, 2014?

Post by runner9 » Wed Jan 01, 2014 11:08 am

island wrote:
BBL wrote:
ajcp wrote:I'll take a stab...you mailed a check :wink:
No, sorry, that isn't it. I haven't mailed a check to fund an IRA since the '90s and the max was 2K.
BBL No time to answer, but apparently plenty of time to play 20 questions?
On a woodworking forum: stories not believed if there's no photos. I'm not believing without an explanation. Guessing that now that it's the 1st nobody will be able to try to duplicate either.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by LowER » Wed Jan 01, 2014 12:59 pm

max12377 wrote:I will make the full Roth Contribution Jan 2. Also have 100% of my paycheck going to fund the 403b. Good times.. :sharebeer
Ditto plus a 457. No paycheck for a little bit but I'm prepared.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by gkaplan » Wed Jan 01, 2014 1:36 pm

I cannot do this until I get the leave pay I had accrued when I retire January 11. I'm not sure what the figure will be, and I want to be certain that my 2013 W-2 does not reflect this amount.
Gordon

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Re: Who is lump-summing a fund on January 2, 2014?

Post by FillorKill » Wed Jan 01, 2014 4:39 pm

runner9 wrote:On a woodworking forum: stories not believed if there's no photos. I'm not believing without an explanation. Guessing that now that it's the 1st nobody will be able to try to duplicate either.
Any given year, on the next to last trading day of the year (12/30 in this case) go into your IRA brokerage account and enter the orders to fill your desired positions. With VBS the orders should reject systematically. Phone rings less than one minute later; broker calling curious about what you're trying to do. You state that settlement (T+3) will be the second trading day of the year (always true, in this case the date will be 01/03) and you will clear funds NLT T+2 for settlement on T+3. Pushing funds into your IRA settlement account is the 'contribution' so sometime between 01/01/14 and the close on the first trading day of the year (T+2) you clear funds to settle. I filled my positions 12/30 shortly after the open. Feel free to try it yourself next year or any year.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by Leeraar » Wed Jan 01, 2014 5:07 pm

So far as I can make out, if you are investing in mutual funds, there is no way to purchase funds in a current-year tax-advantaged account at the closing price of 12/31 the previous year. The best anyone can do for 2014 (for example) is to purchase at the closing price on 1/2/2014.

I can think of various ways to pre-schedule the purchase request for execution after the market close on Jan 2, but no way to get that day's opening price.

L.
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Re: Who is lump-summing a fund on January 2, 2014?

Post by island » Wed Jan 01, 2014 8:06 pm

telemark wrote:I plan to put another $6500 into my Roth IRA, which should take two funds into Admiral status. Yay!
Same here for husband and I.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by bayview » Wed Jan 01, 2014 8:17 pm

gkaplan wrote:I cannot do this until I get the leave pay I had accrued when I retire January 11. I'm not sure what the figure will be, and I want to be certain that my 2013 W-2 does not reflect this amount.
Congratulations on your upcoming escape. :beer
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Re: Who is lump-summing a fund on January 2, 2014?

Post by dblck » Wed Jan 01, 2014 9:06 pm

Last Friday we converted $19k to our Vanguard ROTH -- sent it to the money market fund. Now I need to put this into an index or target fund. My investment plan calls for an increase in international equities. But as I consider lump sum investing this into VTIAX, I am nervous that the NAV is high. The source of the conversion money was mostly TSP G fund, so I can't rationalize that I am swapping equities that are both high. We have a little over $10k in VTIAX now. I might add, I generally have terrible luck at the timing of my investments -- whether or not I pay attention to where the markets are. We retired a few years ago, so the ROTH will hopefully be around for a long time.

Any encouragement to just do it?

Happy New Year!

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Re: Who is lump-summing a fund on January 2, 2014?

Post by tbradnc » Wed Jan 01, 2014 9:25 pm

Fully funded HSA this afternoon - in my wife's name so $1000 extra for $7550 total.

Invested in VG Total International at HSA Administrators.

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Re: Who is lump-summing a fund on January 2, 2014?

Post by tbradnc » Wed Jan 01, 2014 9:30 pm

dblck wrote: My investment plan calls for an increase in international equities. But as I consider lump sum investing this into VTIAX, I am nervous that the NAV is high.

Do you have an asterisk by international on your investment plan that says "Only buy if NAV not too high." :)

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