Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Should I Invest now?
I have inherited a sizable chunk of money and wish to incorporate it into my existing portfolio. I could have my broker invest it now or wait until after the election. What would be my best choice?
3 Answers
- kswck2Lv 77 months agoFavorite Answer
I would wait, since the US election will take a toll on ALL economies around the world.
- ?Lv 77 months ago
imo you might be better off buying a house. Or else, try to time the market by buying in a "dip."
- Anonymous7 months ago
What are you going to invest it in? Individual stocks? Mutual funds? Taxable accounts?
I think stocks could be pretty volatile in the next couple months due to covid and the election.
If you're planning to do stock mutual funds, consider the capital gains distributions that are made in December. You don't want to buy a taxable distribution without experiencing the gain that led to it.
I might be tempted to move a bit in now especially if I had not yet maxed any available Roth options. If you make too much for Roth or your employer doesn't have a Roth 401k option, it's a non-issue.
And other than that, I'd not feel bad about waiting for a dip.
