I will continue to trickle funds into my ETF investment strategy, although I plan to reduce the amount. Before the market open, I put in limit orders 5-7% below Friday's close. I think now may be the time to step to the sidelines and wait for the correction to take its course.
In July 2011, I wrote in Expect a Buying Opportunity Soon:
"After a 20% decline, I plan invest 10% of our retirement account back into stocks. After that I will reinvest 15% for the next 10%. Then I will reinvest 20% for each succeeding 10% drop. So if the market drops 40%, we will be 45% back into the market. Past 40%, I probably don't have the courage to continue to reinvest."
With the exception of small index ETF purchases, I will wait for the 20% correction before putting more funds back into the stock market.
For more on Strategies and Plans Ideas, check back every Monday for a new segment.
This is not financial or investing advice advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
December Income $4643.95
3 days ago
No comments:
Post a Comment