How to invest cash, invest now or hold for future investments

[Gwilym Griffiths]

Even though there are varying opinions as to where we are in the cycle, i think its hard to deny that were late in the cycle. I have a good amount of cash sitting in the bank after recently selling one of my properties. I'm thinking about putting the money somewhere 'safe'(maybe something like us treasury money market fund) that would give me enough returns to match inflation, so that i could then invest that when there is a downturn/correction/recession, without losing any of my buying power. Ideally id like to invest in multifamily 5+ units. I was interested to hear what peoples opinion on this strategy would be?