Personally I disagree with this . Timing can help significantly
If you are always fully committed , then you are not in the position to take advantage of the REALLY GOOD situations that come along , especially when the market is bad . Also at times , you will need elbow room for change in situations , interest rates going up etc .
Cliff
Agreed. I wasnt saying timing was not important.
More so that when your in a position to buy (buffers, risk profile job security blah blah taken into account ) then take advantage of other markets. Alot of people spend years trying to time the one market when instead if they had of bought when they could in another market (reasonably well timed)they could have made alot of money in that time period instead of watching it go by.
Just my opinion.
Cheers