Many, many posts by people wanting to dump their money into VOO and worried the current price is too high
The standard advice is to get a small position started asap then DCA/drip feed in, whilst holding a reserve for the market correction that will probably come around the midterm election this year.
I'm happily being the guinea pig. I have around $30k that's earmarked for VOO. Opened a 3k position last month and now each day that VOO has a minor drop (around 1% or more) I buy in for another 1k.
I also have a spare $10k that I am going to immediately dump in if there is a serious market correction (10% or more). I also have another $60k that I can theoretically dump in to lower DCA too.
There is a lot of discussion about how to enter into VOO whilst it's so high, but unless I'm missing something this seems to absolutely be the most sensible approach? I'm at around 6k in right now, still green, and when the market goes up I'm happy...and when it goes down I'm also happy because I get closer to establishing my full position...
Again am I missing something or is it completely obvious that this is the most (maybe only) sensible approach if you have money to dump in (beyond getting a time machine and going back a year)? Am I under-thinking it?