04-23-2015, 11:53 AM
If this is money that you are going to need to buy a house soon, I wouldn't invest it in stocks or bonds. If you are investing in the stock market, you need to not touch it for at least 10 years. That being said, your plan is a good one. Time in the market is better than timing the market. Since I'm in the accumulation phase, I don't really care about the Shiller P/E. I'm investing money every month so if it's up or down this month isn't too much of a concern to me. Since I don't need the money for quite a while, getting in at a high market doesn't concern me too much. Though I am buying individual stocks so there is usually at least one of the stocks I like that is trading at a fair to undervalued price.