The POWER of Dollar Averaging
Some people might get lucky with random timing in the market, however being able to do it long term accurately and consistently is quite impossible. This is not just my opinion and it has been studied quite thoroughly. For example, an investing firm analysed the investing data between 5 different groups of investors between 2011 and 2020 and this is what they found:
Hypothetical $2,000 annual investments in S&P 500 Index.