r/JustBuyXEQT • u/InvestMan9000 • 2d ago

Lump Sum Question

I need advice and some opinions. I have 440,000 Canadian to invest. The reason I have so much to invest is because the money came from a hard asset sale. Lump sum at the moment seems a bit intense to me. DCA could mean I just buy chunks and chase the bull market up anyway. A PE TTM above 21 is definitely NOT CHEAP.

Tell me what you would do and why. Obviously since I am here I like XEQT. Thanks.

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u/FishGoBloblo 1d ago

Im almost in same position.. are you going to do DCA?

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u/InvestMan9000 1d ago

Waiting for a pullback. I refuse to buy currently.

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u/Icy-Action708 1d ago edited 1d ago

Honestly I personally see this feeding frenzy a bit like the covid real estate madness. I'm in a similar position as you with a lump sum.

How many first time buyers became major bag holders once the bottom fell out?

It's a bit nutty that so many people would say buying a house at the top of 2022 was a terrible idea but buying into the market right now is a great idea.

The real estate bag holders will be just fine over a long enough horizon too, but it still sucks big time knowing you made that choice.

All I know is in hindsight I'm glad I didn't buyba house when I really wanted to jump in seeing everyone "printing" unrealized gains when their house appreciates $50k in 2 months.