I didnt know people still used brokers. your question is a bit loaded.

If you believe in the stock market long term and don't want to trade yourself, buy an Index fund like VOO and let it ride.

There are some that say the stock market will tank later this year, so proceed with caution.

It really depends on your risk profile.

Stive said:

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Your broker is in the red since when? Summer of 2020?

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same question

Well, while you are thinking about this and that, at least throw the cash into a high interest bearing savings account. I would not pay off your secured debt considering the interest rates. Seems like you should get some of it into the market one way or another - lots of avenues to do that. Time in market better than timing the market.

GinMan said:

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Sitting on a wad of cash since summer '20?
I pulled IRA funds out without penalty (Covid loophole) with the option to put it bin over several years, or just keep the cash and invest elsewhere.
Right now I'm kicking my investment broker's butt. He's in the red and I'm in the black drawing a measly interest from a neck account.
I had financed some land and a home prior to the rise in interest rates as opposed to paying cash for everything and decided to stay liquid with the cash.

Now what? I could dunk some in less risky pseudo guaranteed investments. Pay off secured debt (home/land). Spend it on hookers and cocaine, or keep my rat hole right where it's at…

I feel like there will be a buy in opportunity in stocks but I'm still feeling more downside risk than upside potential.

Yes these are first world problems but I also have 2 kids in college lol

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Insert Mathew Mac gif from Wolf of Wall Street

I don't think Mormons are necessarily great stock brokers and I don't think Baptists are necessarily good mechanics or Methodists are good tennis players.

I guess the idea is you think you can trust him, but I would look at performance compared to the major indexes and if he's doing worse, you can buy an ETF that mirrors the S&P 500 or NASDAQ and save the brokerage fees. I like the equity market long term.

It will have ups and downs and maybe big ups and downs.

But if you don't want to trade yourself, then buy an ETF.

Forget the dollar cost averaging stuff. Just go buy some equities or an ETF or two.

I do mostly value investing so I have a tendency to buy known names with good track records and solid management. I'll dip my toe into a little more risky equities, but with only a small percentage of my overall portfolio.