I recently initiated a roll in contribution of a rollover IRA into my employer's 401k
I also did a backdoor roth contribution, which resulted in my funds being deposited into a MM account within my Roth due to Vanguards frequent trading limits.
The 401k contribution check was cut almost a month ago, in that time the stock market has risen quite a bit. Which is leading to an irrational hesitation of putting the money right back into a total stock fund.
I am now sitting on a disproportionately high percentage of my portfolio and net worth in cash.
Total Portfolio is $170k
Total Net Worth is $250k
I am ~6.5 Years from FIRE
I have the following
$32,500 cash in the 401k (from the rollover)
$7,200 cash in my HSA
$5,900 cash in my Roth IRA (backdoor Roth conversion, can't put into total stock for a few more weeks)
$5,500 cash in my Taxable account (going to be moved into Roth IRA Jan 1st)
$51,100 Total Cash within Portfolio
This represents exactly 30% of my current investment portfolio.
I am very irrationally hesitant to just dump it back into the stock market, as stupid as it sounds.
I want to poll the MMM crowd to see what YOU would DO.
Please vote with what YOU would do given my situation, not what you THINK I should do.
Happy to hear your explanations in the comments below. If you need any more info from me, don't hesitate to ask.