Right, because the market has never behaved irrationally.
We've got student loan payments resuming soon, a steady stream of commercial real estate mortgages that are refinancing at higher rates for the next year or two, a population who's wages are still on average lower than they were pre-pandemic after adjusting for inflation, supply chain whip-saws as supply/demand continues to over/undershoot in some sectors, the federal reserve saying another couple of hikes are in order this year, and the boomers continuing to age into mass-retirement.
You want to dollar cost average into the market fine, but I wouldn't take out any margin loans for at least the next year.
We've got student loan payments resuming soon, a steady stream of commercial real estate mortgages that are refinancing at higher rates for the next year or two, a population who's wages are still on average lower than they were pre-pandemic after adjusting for inflation, supply chain whip-saws as supply/demand continues to over/undershoot in some sectors, the federal reserve saying another couple of hikes are in order this year, and the boomers continuing to age into mass-retirement.
You want to dollar cost average into the market fine, but I wouldn't take out any margin loans for at least the next year.