Introduction
It is my personal finance research. I do not grow up very well, I should parent myself better from 2007 to 2019. I should invest time to learn stock market, capitalism. I just could not believe how hard it is for me to learn the economy last six months. I like to write a story how I date my money today. It is my par tech 401K.
Date my money
I like to get familiar with the 401K software environment. I know that I have to be patient to myself, allow myself to learn and warm up. I just learn dollar cost average through one of my favorite financial planner. So I plan to adopt the strategy, and like to come out a plan how to transfer my fund into index fund.
One of ideas is to purchase $3000 US dollar to index fund once, and then forget about it.
Another idea is why is now? I do not like to time the market. The idea is to invest on index fund next 12 months, if there is a crash, then I will add more fund into index fund. I can make it longer, I like to take 3 years to transfer $3000 us dollars to index fund. I like to try dollar cost average and hopefully the price in next three years will go down and then up, so I can benefit more on value once the price goes up.
To warm up, I just transfer 4%, $200 US dollar to index fund first.
I just did purchase Jan. 2019 using Canada RRSP with Scotia bank. I just did quarterly review on RRSP. It went up over 10% this year.
Actionable Items
It is tough lesson for me to learn. I do not give myself long time horizon to learn personal finance. I started in Nov. 2018, over 50 years old. It is never too late. All I have to do is to date my money, learn and get familiar with concept, tools, and learn a few more strategies.
When opportunity comes, I will know what to do. I also can identify the opportunity as well.
Follow up
Best date in the world. I love stock market and I like to learn how Capitalism works.
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