Buffett sitting is cash is not a problem because getting more returns isn't going to make a material difference to him (or Berkshire). The general public sitti

Buffett sitting is cash is not a problem because getting more returns isn't going to make a material difference to him (or Berkshire). The general public sitting in cash waiting for the dip is a problem because you are potentially missing out on a lot of returns: * https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-cost-averaging/ https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-co... And even if you bought at the top, if you just 'hang on', you'll probably do well: * https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ https://awealthofcommonsense.com/2014/02/worlds-worst-market... But if you're losing sleep about things going up 'too much' or the regular ups and downs of stock markets, then not being 100% equities is generally fine if it helps you keep the course and not cash out. Having 10 or 20 or 40% of your portfolio in bonds (and rebalancing) is reasonable: * https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation https://investor.vanguard.com/investor-resources-education/e... In fact, in the 2000s being in bonds and rebalancing would have saved your bacon for returns in the US: * https://www.forbes.com/sites/investor/2010/12/17/the-lost-decade-was-a-golden-age-if-you-rebalanced/ https://www.forbes.com/sites/investor/2010/12/17/the-lost-de... Doing this is easy with an 'all-in-one' or target date fund: * https://www.fidelity.ca/en/investments/solutions-portfolios/all-in-one/ https://www.fidelity.ca/en/investments/solutions-portfolios/... * https://investor.vanguard.com/investment-products/mutual-funds/target-retirement-funds https://investor.vanguard.com/investment-products/mutual-fun...