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I have been waiting for the markets to soften-up a little bit but I am losing my patience.
Late in 2023 my wife and I sold some equities in our RRSPs so we would have some income in low tax brackets.
That gave us some cash.
We get a steady flow of cash dividends.
I sold my Z28. That gave us more cash.
But because the markets are pretty high right now, we want to time the market when it goes down a bit.
So now we have about $80,000 in high interest savings accounts. Just parked there until we feel is a good time to invest it into equities.
But earning 4.55% kinda blows.
I know Senile @Joe always has great advice regarding the markets. Anyone else here have any insight into how long it might be before the markets dip?
Late in 2023 my wife and I sold some equities in our RRSPs so we would have some income in low tax brackets.
That gave us some cash.
We get a steady flow of cash dividends.
I sold my Z28. That gave us more cash.
But because the markets are pretty high right now, we want to time the market when it goes down a bit.
So now we have about $80,000 in high interest savings accounts. Just parked there until we feel is a good time to invest it into equities.
But earning 4.55% kinda blows.
I know Senile @Joe always has great advice regarding the markets. Anyone else here have any insight into how long it might be before the markets dip?