sverbroekken
Confused about dryer sheets
Hi there. Long time lurker, first time poster here.
I have a cash position of about $150K which is ~20% of net worth. I keep wanting to put it in the market, but it's at all time highs so not sure that is smart or not. I don't have a very long time horizon, maybe 5 years or so I could park this. It's currently in a Marcus.com savings account earning 1.7%, but I must be leaving money on the table?
One reason I'm so hesitant to put this into the market is I lost a significant amount of money 2 years ago "gambling" in the market with triple leveraged oil and gas ETF's. At that time I received a sizeable severance package, and was out of work for about a year so had way too much time to focus on this, and I pretty much lost it all. That experience is still haunting me to this day. Currently employed again though and I'm not totally out of the market though, as there is a decent 401K balance and I don't worry too much about that with a 15 year horizon there.
So what would you do if you received a cash windfall of $150K or so with a 5 year time horizon? Keep it in a savings account ... dollar cost average into the market over X weeks regardless of where it's at ... pay off a portion of the mortgage ($270K remaining) ... or am I missing something I should be thinking of? Thanks for reading this and I appreciate the insight from forum members!
I have a cash position of about $150K which is ~20% of net worth. I keep wanting to put it in the market, but it's at all time highs so not sure that is smart or not. I don't have a very long time horizon, maybe 5 years or so I could park this. It's currently in a Marcus.com savings account earning 1.7%, but I must be leaving money on the table?
One reason I'm so hesitant to put this into the market is I lost a significant amount of money 2 years ago "gambling" in the market with triple leveraged oil and gas ETF's. At that time I received a sizeable severance package, and was out of work for about a year so had way too much time to focus on this, and I pretty much lost it all. That experience is still haunting me to this day. Currently employed again though and I'm not totally out of the market though, as there is a decent 401K balance and I don't worry too much about that with a 15 year horizon there.
So what would you do if you received a cash windfall of $150K or so with a 5 year time horizon? Keep it in a savings account ... dollar cost average into the market over X weeks regardless of where it's at ... pay off a portion of the mortgage ($270K remaining) ... or am I missing something I should be thinking of? Thanks for reading this and I appreciate the insight from forum members!