Set forth below is the text of a comment that I recently put to another blog entry at this site:
We see time and again by countless studies that market timing has been a failure.
Please show me the URL of one.
Wade has a Ph.D. in Economics from Princeton. He spent a good deal of time trying to find ONE legitimate study showing that long-term timing is not required. He found nothing.
This so shocked him that he did not trust his own finding. He went to the Bogleheads Forum and asked if anyone there was aware of a single study showing that there is no need to engage in long-term timing. Not one member of that community had ever heard of a single such study.
Not John Bogle.
Not Bill Bernstein.
Not Larry Swedroe.
Not RIck Ferri.
Rob, the Fellow Who Sees a Subtle Difference Between There Being “Countless” Studies Showing Something and There Being “Zero” Studies Showing That Something