I am in a commission based job. My income ramped up in the past few years which has resulted in earning about 90% of the money I have today. I first paid off my debts. Then I just started saving cash, never investing.
This has resulted in having a sizable amount of cash sitting in my account. I just moved the cash to a money market account, so at least I am finally making some interest vs the sub 1% at the bank.
I am afraid to deploy the money into the stock market for fear of the market crash talk.
I have heard the advice that you cannot time the market, but with all the talk of a crash, I would hate to deploy the money to only have prices decrease significantly in the next 12 months.
Looking for some advice.
Submitted August 04, 2023 at 12:34AM by xizas https://ift.tt/kpHqTRs
