Submitted by Most_Clever_Username t3_z7on27 in personalfinance
I was just thinking I can’t wait to invest in my Roth IRA, given the market being down. That made me consider how many other people are feeling this way right now which made me think it may be an annual pattern regardless of the markets performance.
SpiritualQuokka t1_iy7ifqa wrote
I think you're vastly over-estimating how much impact the small number of people who max their IRAs on January 1st have compared to investors overall. Consider that many, if not most IRA users do not max them on January 1st and that the people with the most to invest put way more than $6k into the stock market annually, and again, usually monthly, not all on January 1st.