I would keep a chunk of it on hand for day-to-day, and leave the rest in an interest free banking account, if your country has those, or a high interest banking account if our country doesn't have those, and just sit on it until the market bottoms out from covid. Then pour the saved money into a "safe" stock such as a major bank and enjoy the ride out of the doldrums as the markets become invigorated.
Yes, I realize the markets are kinda doing well right now if you completely ignore how much they dropped earlier this year. But if we get a second wave (and we very most likely will) consumer confidence will go through the floor and take the market along with it. That's the bottoming out I'm expecting to happen, and am preparing to take advantage of.
I'm doing pretty much this exactly right now. A lot of my cash that could be on stocks is sitting there waiting for that bottom side. All my current trades are with money that's already in the market.
Yes, I realize the markets are kinda doing well right now if you completely ignore how much they dropped earlier this year. But if we get a second wave (and we very most likely will) consumer confidence will go through the floor and take the market along with it. That's the bottoming out I'm expecting to happen, and am preparing to take advantage of.
I'm doing pretty much this exactly right now. A lot of my cash that could be on stocks is sitting there waiting for that bottom side. All my current trades are with money that's already in the market.