I seem to remember reading some analysis which showed that in the majority of time segments, investing a lump sum provided higher returns than PCA, ie time in the market > timing the market.
However many people may not have a lump sum to invest, so it may be a moot point in any case.
Oh yeah, I didn't mean that putting the money in was a bad idea, just that worrying about timing it better is usually misguided (even if it's hard to avoid when you're looking at a sad graph instead of a happy one)
I seem to remember reading some analysis which showed that in the majority of time segments, investing a lump sum provided higher returns than PCA, ie time in the market > timing the market.
However many people may not have a lump sum to invest, so it may be a moot point in any case.