Even bad market timing trumps doing nothing with your finances:
- Research shows that the cost of waiting for the perfect moment to invest exceeds the benefit of even perfect timing
- The best strategy for most investors is not to try to market-time at all. Instead, make a plan and invest as soon as possible
- It's nearly impossible to accurately identify market bottoms on a regular basis. So, realistically, the best action that a long-term investor can take is to invest at the first possible moment, regardless of the current level of the stock market
- Even badly timed stock market investments were much better than no stock market investments at all
Read the full article: Charles Schwab: Does Market Timing Work?