About a year and a half ago I exchanged $250k/$101.25 per share of VTSAX for VMFXX (Vanguard Federal Money Market) in preparation for a property purchase. That purchase never transpired and I no longer am in the market to purchase property. I would like to invest the money back into VTSAX. However, I have trepidation of buying VTSAX 45% higher than what I sold it at. Do I wait, accept the roughly 4.5% the VMFXX is yielding, and hope for a downturn to reinvest in. Or just bite the bullet and buy now?
All advice is welcome, thank you.
Just bite the bullet. Go head and reinvest in Vanguard Total Stock Market Index Fund (VTSAX).The money would be reinvested for the long-term.
Statistics: Posted by ruralavalon — Fri Dec 13, 2024 10:24 am — Replies 11 — Views 1230