My portfolio is cash-heavy these days, but I don't believe a crash is coming, I'm just not comfortable being fully invested at the moment; and I hate that because the cash is losing purchasing power every quarter.

I get the feeling that investing in a quality company with a solid balance sheet is the better long term risk proposition because even if it goes nowhere for 10 years, what are the chances that my savings are going to grow in purchasing power? Probably zero.

This market has made me more comfortable with risk than I probably should be, but that is another reason why I refuse to go "all in", to protect me from myself. :D