So what would the pros do in situation.

[Conrad Metzenberg]

I'm a in a great spot, yet somewhat stagnant. Like many others here I feel the market is pretty expensive right now and that a correction is near.  I own a small house in Santa Barbara, CA that now has about .5 mil of equity.  Currently, the cyclical field I work in is at the bottom of it's downturn, this makes me fairly cautious about leveraging myself too any great extent.   I'd like to continue building my wealth.  I'm interested what the experienced investors here have to say.  No sales pitches please.