Quote:
Originally Posted by NobodyHere
I want to put more money into my index-based mutual fund, but I'm wary of buying stuff when it's at record highs.
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Assuming this is for the long term, lets say 5+ years. Few can time the market well and (none probably) can do it consistently. You may be concerned that the market drops after you buy or it could continue increasing. You may miss out on any gains.
So the idea is not to time the market and just invest your money into a diversified/index fund.
So do dollar cost averaging which is essentially buy over a period of months. As an example, if you have $6K, then buy $500 or $1,000 per month for the next 12 or 6 months. Most brokerage firms now don't charge for buying.