What to do with excess cash?
For a few years now, I've been bearish on the markets (insert usual complaints about heightened valuations, cash flow dynamics, consumer debt, etc.) and have been wrong every time... As a result, I don't have nearly enough equity exposure and after bonuses this year, will likely have >$500K of cash. What should I do? My overall sentiment on the market hasn't changed and I definitely get anxiety thinking about waiting all of this time only to now buy right before a significant, longer term correction.
Last year I told myself I would DCA when there were minor market corrections. I did increase my exposure a bit but still significantly missed the mark. Couple other items that may be helpful... I'm debt free and would likely be thinking about a $100-$200K down payment on a condo or house this year.
Dude if you're investing for the long term, there's lots of literature out there that says trying to DCA on dips basically does nothing versus just DCAing at fixed intervals.
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