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wildwest
Traditional investment wisdom dictates that you can't 'time' the market, but counteract that with 'entry point is important'.
Right now, in case it wasn't obvious from my previous posts and sentiment in some of the financial press, equity markets are veeeery frothy.
Sentiment amongst multi-asset managers at the moment seems to be somewhat positive for the year ahead given the expectation that economies will bounce back as vaccination roll-outs progress, free money from central banks, etc. BUT, how much of that is already priced in to current asset prices? I'd say most of it.
Whilst sentiment for the year remains cautiously positive, right now they are 'risk-off', i.e. Not piling in to equities.
In short, wait for a correction then get in. You won't time it perfectly but if invested for long term it doesn't matter, but getting in near the top will hurt. Once your lump is in, continue adding regularly.
NB - Not financial advice.