There is something in our human nature that thinks we can buy the dip. That is, sitting with investable cash on the sidelines, waiting to be deployed during the next 20% market correction. This sounds good in theory, but doesn’t work in reality. It’s essentially impossible to do.

Right now, I Bonds are paying 3.54% and are expected to go up to around 7% in the next six months. [May 2022 update: The rate is now 9.62%.] Is your online bank or CD paying that well? It is probably well past time to have a look at buying some I Bonds with rates like this.