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Originally Posted by WellManicuredMan
I opened up a Roth IRA yesterday through Vanguard, deposited the full $4,000 and dumped it all into their Prime Money Market Fund. I'm much too fearful of the market right now. Inflation + Federal Reserve + Middle East War + Oil going to $80 a barrel + slowing economy = bad time to be in the market. That is until the selling gets so ridiculous that it becomes a steal. Right now I'm thinking around October will be a good time to enter.
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Well, trying to time the market is a fool's game, but in the case of mutual funds you are stuck with the minimum investment, $3,000 in the case of Vanguard, so I can agree with your reluctance to buy into a pure stock fund right now. Perhaps a balanced fund or a targeted retirement fund might be a good choice if you want to get some equity exposure.
Congrats on your new Roth in any case.