Moving my Roth in this market?
I’ve been wanting to move my Roth IRA from Fidelity to Vanguard all year. But with all the market volatility, I’m nervous. When I did a 401k rollover, they had to mail me a check (made out to Vanguard), and I had to mail it on to Vanguard. It took over a week. I’ve seen charts about what happens if you miss the best days in the market (or what happens if you miss the worst), and I’m just nervous. Though it would have been sweet to miss out on a couple weeks of October.
My other thought was to just start up 2009 and only contribute to Vanguard, and transfer later. I’d have to dump in $3k right away rather than dollar cost averaging through the whole year, which is possible, but not preferable. I don’t think now is the time to throw DCA out the window, and that counters my goal of upping my cash reserves..
Why do I want to do this? The expense ration is .2 rather than .8, and it would also eliminate Fidelity from my financial life.
Hmmm…. What do you think?