Who here can truly say that they’ve been more right than wrong timing the market? The majority can’t even time the RE market, how do you expect them to time the stock market? At least with $ cost averaging and proper diversification between sectors, value & growth, and geographical, more likely than not, the value of those equity will be higher 20-30 years from now compare to today.
Every bull needs a bear to make money off of too. Based on the last 20-30 years, it sure look like the bulls are winning the fight.