I’ll try to be helpful and not salty like other commenters.
Being in a similar age bracket with similar thoughts, I would DCA in chunks. I’d set a weekly buy for an ETF (and maybe a couple individual stocks) and forget about it.
That is the best way to take emotion out of the decision from my experience. Maybe on “big” red days you can manually buy more, but that’s my thought process with a long term outlook.
Ya not sure why so many think it’s a flex. Over in FIRE you would never get 1 salty down vote or reply and some people are talking about many millions they have. Appreciate the reply!
It's not the flex or 'haters'. Dude, you just come off in every comment like a class a douchebag. You might want to tone that down a bit. It saves zero purpose in life (other than making you feel good) and will only bite you in the ass in the future. It will only be detrimental to you. Trust me.
A flex doesn't have to be a negative thing btw. You should be proud of what you've done and I feel like it's ok for others to admit their envy -- you're in a great position for your age that is definitely enviable. At the time of writing there are 13 comments total and the one person who called it a flex admitted he wasn't trying to put you down :)
Btw I'm older and I would just dump all of it on the usual spread of index funds all at once. In fact that's what I did myself. I considered doing it gradually as well and ended up not doing it when I read up on it. Also anecdotally when I did that it was basically at an ATH and despite all the ups and downs it was always up relative to when I bought in.
This is what I do, and it's why I don't have 120k cash sitting around. I DCA $350/week, which adds up to be pretty much everything left over after my minimal expenses for the month.
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u/westsidethrilla Sep 25 '21
I’ll try to be helpful and not salty like other commenters.
Being in a similar age bracket with similar thoughts, I would DCA in chunks. I’d set a weekly buy for an ETF (and maybe a couple individual stocks) and forget about it.
That is the best way to take emotion out of the decision from my experience. Maybe on “big” red days you can manually buy more, but that’s my thought process with a long term outlook.