Investing is not a matter of timing

Evidence based investing

Nobody wants to invest a lump sum just before share prices fall. With global stock markets hitting new highs this is a valid concern for an individual looking to invest; especially given interest rates are still at very low levels. However if we assume investors, unlike speculators, are not concerned about the next week or quarter but are putting capital to work for medium to long term objectives such as to fund their retirement years – should timing the market be a consideration?