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End of year financial wrangling
December 26, 2007
I’ve read a lot of convincing literature and analysis of data that dollar-cost averaging doesn’t buy much in terms of long-term investment, so I am investing a big chunk of our non-tax-advantaged retirement funds that I had held back in the last round of purchase into the Vanguard 500 Index fund. It was one I had been looking at for a while, so when H suggested it to me, I looked into it again and found it a favorable one to put money into. Low expense ratios are great.
I’m also holding back a bit of money in case we qualify to contribute to a tax-advantaged IRA this year. In addition, I need to sell shares from my old, old dying company to take the loss. I think.