For background: I just started investing and saving over the past 1.5 years and am wondering what to do with some money that I currently have in savings. I live in the US and things have been going well with my investments since I started. I know that it is tough to time the market and I'm sure impossible for a novice like me. But I have been reading/hearing a lot about how it has been so long since a correction/recession and based on past trends, one should be coming. So I would like to be somewhat cautious with the money I have to invest.
I am 29, earn around $50,000, no spouse or kids (dont plan on having kids).
- $23,000 Student Loans at 4%
- $6500 Roth IRA (maxed for this year)
- $5000 Personal Investment account
- $6000-$7000 Cryptocurrencies
- $2500 Lending Club
- $1500 Fundrise
- $1500 Individual stocks
I would prefer to keep this money liquid(if that is the correct term) because I have an older car that I may need to replace within the next year, and would like free money to purchase a house in the event of a drop in housing prices or purchase more stocks in the event of a drop in the stock market.
Should I just keep my money in my savings account since I want to keep my money available? Or are there other options I have that are not necessarily long term may provide better returns? Or am I just overthinking this and I should put more in the stock market and not sell in the event of a drop.
Thanks for any advice.