<prompt> Human: Ive been socking away almost 40 of my paycheck since I started working three years ago. Ive been reluctant to put a large portion in the stock market since I dont believe the market has accurately reflected the state of the economy. And especially now, buying at record highs is never a good idea. That being said, Ive maxed out my Roth IRA each year, and I have other investments. I also bought a house this year.Even after all that, though, I have 35,000 earning 0.95 in an Ally savings account. My thought has been that Im saving it for a really great investment opportunity, perhaps after a market correction, but I feel slightly ridiculous having that much cash laying around not doing anything. I could pour it all into the house and refinance, saving me about 300month on my mortgage, but that doesnt feel like the right thing to do either.Going through the FAQ:1 Six months of expenses to keep as an emergency fund would be 14,000 at the most.2 I have no debts at all other than my mortgage.3 Im maxing out my contribution to my employers 401k.4 Im generally cheap and try to spend as little money as possible within reason.Ive also donated 3,000 to charity this year.So what should I do? Any suggestions are welcome!  <response>: I would question your avoidance to the stock market.Yes, youre correct that the market is due for a correction of 10-20 - that is what experts are saying. But theyve been saying that all year, and look what the market has done. My inkling is that EVERYONE is saying this - there is a record amount of cash being kept by the wealthy for just such a correction. Knowing that, there can never really be a mass sell off of stocks if everyone is waiting for a discount to buy, correct?Further, if youre waiting for the market to fall 15 to buy, it probably will have gone up 20 by then, meaning you missed out on 5.I would dip my toe into the market with small position youre comfortable with, and leave some cash on the side for when this correction happens. However, if you truly dont believe the stock market is the best place to put your money, find some municipal bonds to invest in. Small gains depending on the maturity terms, but the gains will be free of income tax, depending on some situations. 