<prompt> Human: Firstly, I plan of going the Reddit approved ETF route and will not be picking individual stocks. In general, it seems there is a media consensus both in the main stream and the more counter culture blogs like zero hedge for example that a correction in the market is imminent. While I understand that no one can predict these type of events, I tend to agree with what is being said. For that reason, Im thinking of massing my cash for the next 3-6 months and seeing if the market takes a plunge. Since Ill be taking a long position, Im hoping this will translate to better returns if Im able to get in when the market isnt at its peak. For context, 29 years old. i just finished an aggressive 2 year period of student debt repayment where I probably averaged 2k of repayments per month. I now have only 15k of remaining debt all of which is a government student loan at 3.5 interest. My primary residence is an income property, so with the two tenants I have, my monthly mortgage costs are very low. Also, my salary has improved during this time and I should be able to comfortably save between 2k to 3k per month. Im planing to dedicate around 1k per month to paying off my remaining debt and the rest Ill keep cash while I wait to make my move. Based on this, Ill have between 6-12k by that point and will jump into a balanced portfolio of EFTs in one shot. Am I wrong in this approach? Do you have advice to share regarding this general plan?  <response>: While I understand that no one can predict these type of events, I tend to agree with what is being said.Please re-read this sentence several times and see if you can find the contradiction.Dont try to time the market. It doesnt work. 