Hi All,
I'm a recent grad working as a software engineer in the US. I'm struggling to understand what I should be doing with all my excess capital? I have no expenses currently, meaning I do not pay rent, no car loan, etc. I have a large amount of cash saved up, and don't really know what to do with it. I was planning on buying a house, but the housing market is obviously very high and may not be a good investment at the current time. I do a small amount of active trading, but have not bought much of any longterm ETFs and index funds (mainly do options). 
So long story short, I don't really want to buy a house or car right now due to inflated prices. What's the best way to utilize my cash if I don't need much of it in the foreseeable future?Edit: By large amount of cash, I mean $50k+.
Edit2: No loans or debt of any kind.