I already contribute to my 401K but for Tax benefits this year I was thinking of opening an IRA. With the way the market is I’m not sure its a good idea. I guess I can get more for my money now but who knows. Maybe I’ll just go to Vegas at least that would be fun.
You can’t “buy low and sell high” if you don’t buy low in the first place.
open an IRA and put it into cash (Money Market)
then when the DOW gets under 1000, jump in full throttle and with 12 years you’ll be ahead.