Afraid of bear market: invest now, or keep it in savings?


Trying to decide between the following portfolios for retirement, currently 35. I'm a bit afraid of the bear market. Should I keep all money in savings or go ahead? (btw, I do have emergency savings so this is not money I would need right away)

name alloc
VTI 25%
MGK 25%
SPDW 25%
LQDI 20%
CMDY 5%
BCD 5%

OR

name alloc
SPY 70%
LQDI 20%
BCD 10%

Available to invest: 140k


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