Where do I invest now?

[Nika]

Usually I put money into the Roth as soon as I have it, but now with DOW over 15,000 I'm afraid I'd be entering at the high.

Plus, we were planning on opening a 529 in addition to ESA and got almost 10K earmarked for that purpose, but to put it in right now, but... same problem. I was going to put baby's money into an index fund. I don't like the feeling of just "sitting on it" with it not being invested, but I'm hesitant here.

[feh]

You could've said the exact same thing at any point this year, and look at the gains that would've been missed.

Don't try to time the market. I suggest you invest if you have the money ready.

[snafu]

This the 1st time er I'm totally spooked by 15,082. I'm parked in Money Market as May, QE and this rate has me frozen!

[cascade11]

When will you need this money? Is it for retirement that is decades away? If yes, stop wasting your time and get in the market now and let it grow for you. The market rises over time as history tells us. Will you care 25 years from now that the Dow was 15,000 today and then "may" fall to 13,000 in the coming months when it'll probably be at 50,000 in 25 years? No. My advice would be to put it in the market at your desired asset allocation (% stocks and % bonds that you want) and forget about it and stay the course.

[Yanni10]

Tracker Fund(Exhanged Traded Fund)

If you are long term investor i.e; more than 5 years, then I would say invest your money in a good tracker fund(Exchange-traded fund) which has at least a 10 year good track record.

[scfr]

Are you going for New York's 529? If so, you could put the money in one of the more conservative portfolios (such as the Moderate Growth Portfolio) and then reconsider your investment options a year down the road.

[disneysteve]

Usually I put money into the Roth as soon as I have it, but now with DOW over 15,000 I'm afraid I'd be entering at the high.

You are confusing an account with an investment. You could put the money in your Roth today. How you invest that money is a totally different question. You could put it in a money market fund, a stock fund, a bond fund, a balanced fund, REIT, commodities, ETFs, whatever. So don't hesitate to get the money into the Roth account just because you aren't sure how you want to invest it.

That said, I agree with the others. The market has hit plenty of other high points over the years. If you avoided investing when the market hit 14,000, or 10,000 or 7,000, where would you be now? Yes the Dow is at a high and yes it might drop from here, but it also might continue to climb. And 20 or 30 years from now it really won't matter what happened in 2013. Invest regularly and consistently over time and you'll be fine.

[DisciplinedSaver101]

It's just about impossible to time the market. Even the pros can't do it very well. If you have the money and you are ready to invest, go for it.

Good luck!