As a long time reader and a very rare poster I am greatly indebted for all the knowledge that I have gained from the other asset classes area of the forum. I started my SMSF 15-16 months ago with the aim to purchase the premises my business operated from. After a change of direction that resulted in the sale of my business I have now switched my SMSF direction to a long term dividend focused style with the majority invested in LIC's & ETF's. At the start of my SMSF journey I did go down the direct share path with a few shares but all recent purchases have been LIC's - MLT, BKI, ARG, QVE, WHF, PMC & FGG. I also own some VAS & VGS. In regard to the title of my thread I have been buying on dips & bad news etc. As Peter Thornhill preaches the benefits of this are huge. The shares I purchased in January this year in the market downturn are up 40%, 80%, 15% & 13%. In Peter Thornhills words I would love another GFC, I still have another 24 years before I can touch my super so I will sit back and let time and compound interest work their magic. The above background brings me to my question on market timing. As a result of the sale of my business I have a substantial lump sum that I have to invest. I am planning on going down the same investing road as my Super and as we already have a family trust it will be invested in the family trust. I am envisaging still working for another 8-10 years. Having seen the benefits of market timing with my SMSF do I sit and wait for the next market correction/GFC (be it 2-5 years) and jump all in, or do I dollar cost average in each month? If I remember correctly from reading A random walk down Wall Street he favours the market timing argument. Any and all opinions greatly appreciated!!!!!