My strong advice for most investors is not to try to time markets. It is difficult to do it consistently well. In my experience, most investors have a positive or negative bias, which makes them good at buying but not selling or vice versa. This can cloud their judgment at turning points.

If you miss even a few of the best days of a bull market, your returns will be considerably eroded and some of these days often occur at the start of a new bull trend. It is better to take at least a three-year view when buying equities and not to attempt to switch in and out.