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I have 180k on sidelines. Earning 5 percent so I have the same question. I don’t think anyone knows.
Unless you have foreseeable short term needs for that $150, and provided you separately have an emergency fund covering 6-9 months of living expenses, my two cents is that it’s a no brainer to invest. Sure, the SPY YTD is up 17%. But I acknowledge there are also years when it’s down. The operative point is that, year over year, it near doubles the rate that cash is getting you (and that interest rate you’re currently getting is likely to drop in the near term once the Fed finally acts). Time in the market, not timing the market.
Also, interest you’ll accrue now will be taxable this year; (unrealized) capital appreciation of stocks isn’t taxable.
Well just consider the US macroeconomic environment and what potential headwinds are coming (election, persistent inflation?, recession?) and how that will affect carious sectors/industries and the overall S&P500
Why don’t you scale in over time?
https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-cost-averaging/
Rising Star
If you are worried about a crash, buy puts to insure yourself. For around 3% you could have gotten the run up of the last year without worrying about what could happen.
“Right now” is the wrong question never try it time the market.