I am 33 years old and have about 140K in my retirement accounts. I made a bad decision and cashed out of stocks in Feb 2012 and have everything in a money market account. I have conflicted emotions right now of what to do. The options are as follows:
1) Find a safe but better return than what my money market is giving me. The safe return would put me in a great position IF there is a correction.
2) Invest some number(maybe $5K or 10K) a month into a mutual fund / stock / ETF. By investing over time this would help minimize buying at the top.
3) Same as #2, but invest in mostly dividend stocks to help cushion the blow if there is a correction.
Any other ideas? I feel like I am in a pretty crappy position since the market is so expensive, and a correction seems inevitable but it could be a long ways off. Given my time away from the market I am growing impatient. Please no lectures on my bad decision of taking my money out, I have already beaten myself up.