<prompt> Human: Im 30 and am very new to investing. The last 2-3 years have been my first great years as far as income and Ive managed to save up about 70-80k in liquid savings with no debt and a good condition car paid off. Currently the majority of my savings is sitting in my local banks savings account.I recently opened a 0.8 APY Discover Online Savings account which Ill be putting something like 10k-20k to have on hand quickly. Earlier this year I opened a Vanguard IRA Target fund and contributed the annual maximum to it. Other than that Ive done nothing as far as investing. I plan to buy a house this year in the 130k range and plan to do a 20 down payment to avoid PMI. The end result after mortgage, tax, and insurance, would only be about 100mo. more than Im currently paying in rent.That leaves me with up to something like 20-30k Id like to invest right now. Now I keep hearing how the market is currently at all time highs and how many experts think we will see something like a 5 drop this year. That seems to make sense to me--it seems the market logically wont stay at an all time high right after years of lows. With this in mind, is it best to wait a while for the market to drop before investing my 20-30k?And secondly, when I do invest, whats recommended to get my feet wet? Since Im so new, Im hesitant to get locked into anything that is long term. It would also be convenient to do it through Vanguard since I already have my IRA account there. This investment goal is not really for retirement--I dont really have a goal other than to increase my net worth I guess. Ive looked through Vanguards help system and their available funds but Im a little lost on what kind of fees would be incurred I think Id need a brokerage account? and what kind of fund might be best for me.  <response>: If youre afraid you might be buying at the top, then commit yourself to putting 10 of the money into the same investments each month for the next ten or something very similar. That way, you get to cost-average your investment over a reasonably long time horizon.As others have said, dont time the market. 