I am new to investing and have recently opened IB account. I am not very comfortable with current market valuations and would like to spread my purchase over multiple months to average the buy price.
My idea is to purchase a ETF like VCSH (Vanguard Short-Term Corporate Bond ETF) to park the money. Later sell and purchase ETF like VTI.
I would like to get some feedback if there is any drawback with this strategy? Do I end up paying more misc. charge with this approach?