cliffvb: cash
I would never go 100 percent into cash. U build up a reserve and do swing trades throughout the year and some very safe options plays perhaps. Experienced investors and traders should be able to beat the over 9 percent CPI index increase. HOWEVER, will Omicron put us in a recession? Film at 11, as they used to say.
My suggestion to anyone is that if oil drops say $10 a barrel, look at XOM with its nice dividend--not as an investment, but for a swing trade. You get paid a handsome dividend while U wait.
Regards.