28 years old. I’ve maxed my 401k for the past 5 years and anything extra gets DCA’d into my Roth. For the past 6 months, I’ve held off on the Roth contributions. Still on track to max out 401k but I have about $30k in savings currently that I’m not sure what to do with. I know it’s almost always a fools errand to try and time the market, but I keep seeing so much sentiment shifting toward the notion of some sort of larger correction or even recession.
Am I really missing out on anything by leaving the money sit just to wait and see? It’s a tempting option just wanting to see how everything shakes out over the next six months.
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