> [...] buying low now would be nice.
Just to be clear, the point of the linked article is that you cannot know that now is the LOW and not the new high.
Just to be clear, the point of the linked article is that you cannot know that now is the LOW and not the new high.
For example, just last week, I realized I had a bunch of money sitting in my crypto exchange that I thought was in Bitcoin, so I traded it for Bitcoin. Now it's worth 80% as much.
If you buy a little every pay cheque automatically, without looking whether things are up or down, how much are you really "timing" versus simply investing? (Especially if you buy a globally diversified fund like VT.)
And even if you did know ahead of time when the dip would occur, this article show it's still generally best to DCA instead of sitting in cash:
* https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-co...
Anything accessible to any person without days/weeks of research or insider knowledge is already priced-in. All the people rationally "buying the dip" are doing so as the price dips.
Any time you buy, you are betting on a future price against everyone else making bets. Most of those other people, who can move markets, are spending their entire lives in R&D to eek out a slightly better bet.
You're a mark if you think you can price better than them -- and they are the ones presently setting the price.