I have $65,000 available to invest and I would like to invest so I am not tempted to spend. I already have $72,000 in rrsp, and will be continuing to max that out through work. I keep hearing about the impending doom in the stock market; bubble bursting, market correction worse than 2007, all that.
If I have this money now, it is better to sit on it as cash and then invest it all when if the market corrects? Wait 6 months and if nothing happens then invest? Or should I just invest now and ride it out?
I’m 29 years old. Planning to invest “aggressively” as I will not need the money for several years.
I’m not really planning on individual stocks, but I currently have most of my current investments in ETFs.