In the spirit of informed discussion, and less deletion, please let us assume this thread is NOT related to any fund in particular In this swinging market, a share fund 100% in cash has advantages and disadvantages. The capital is safe in the short term until lost opportunity and inflation erode it, but how and when one would re-enter such a fund has me perplexed. To buy units before the fund starts to reinvest, one misses out on the risk and rewards of entering the market in a fully invested fund. To buy units after the fund starts to invest, if the market has increased then one is buying too late and has missed some value buying. If the market has dropped then I see good opportunity still. Anyone have any thoughts on a personal strategy for handling such a situation? Has anyone experienced this before?