"He’s “hoarding cash” on the chance he can buy stocks when prices dip, as he expects they will"
That's called market timing, and it does. not. work. It doesn't work for professional traders, it doesn't work for algorithms, and it will not work for you. Don't. Do. It.
That's called market timing, and it does. not. work. It doesn't work for professional traders, it doesn't work for algorithms, and it will not work for you. Don't. Do. It.