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Reply to "Hang on to cash until correction?"
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[quote=Anonymous][quote=Anonymous]We've accumulated a lot of cash over the last few years due to stock option exercises and other distributions. Our holdings right now are around $15M. Of that, $1.3M is in a high yielding money market. Over the last year, we've been investing in strong companies when their stocks dip significantly (Google, Amazon). That's worked out for us, but we still have too much cash. We spend about $300K a year and have a hefty tax bill. We take a deferred comp distribution annually of about $500K before taxes in the spring. With the market so high right now, would it be best to [b]wait to invest this money[/b]? Any other ideas of where to park it?[/quote] That's what I'm doing.. but then, I've been in this mode for years now and missed the '22, '25 and '26 opportunities. Waiting for the big collapse that's supposedly around the corner. [/quote]
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