Hang on to cash until correction?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you have $15M don’t you have an adviser telling you what to do?

yes i don’t get it. we have less than this poster and have wealth advisors do everything. Tax planning, tax preparation, investment strategies, etc etc. we aren’t over here randomly guessing if google is experiencing a dip or are dumb enough to keep 1M + on the sidelines timing the market.

OP here. Well we already did pretty well investing some of it in March when the market took a dip. Should have invested more, honestly. We have enough money to live comfortably until death and will still leave our kids more than we have right now. So I don't stress about having so much cash...just trying to figure out whether I should invest now (seems stupid) or wait for another dip like the one in March.

Also, how do you know we don't have an advisor. Of course he thinks I should invest it all so it will be part of the AUM.

Then don't listen to your advisor and "buy the dip."

It's probably sub-optimal but you do you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you have $15M don’t you have an adviser telling you what to do?

yes i don’t get it. we have less than this poster and have wealth advisors do everything. Tax planning, tax preparation, investment strategies, etc etc. we aren’t over here randomly guessing if google is experiencing a dip or are dumb enough to keep 1M + on the sidelines timing the market.

OP here. Well we already did pretty well investing some of it in March when the market took a dip. Should have invested more, honestly. We have enough money to live comfortably until death and will still leave our kids more than we have right now. So I don't stress about having so much cash...just trying to figure out whether I should invest now (seems stupid) or wait for another dip like the one in March.

Also, how do you know we don't have an advisor. Of course he thinks I should invest it all so it will be part of the AUM.

Then don't listen to your advisor and "buy the dip."

It's probably sub-optimal but you do you.

Maybe you just wish you had the cash to buy the dip lol. OP seems to be in a pretty good position to me!