I agree with this advice with the caveat that there is much evidence to suggest a better entry point may be coming in the next year or so. If the plan is to start a monthly deposit, then no big risk of starting now. But, if pabs wanted to drop a chunk of money down upfront, he might consider waiting for the next recession/correction, which come in cycles that we haven't yet been able to escape. I got very lucky by starting to invest in earnest in 2009. Had I started in 2007, my portfolio would have less than half the value it has now. BTW, I wish the US treated ETH and BTC as currencies.However, if you want to make $$$ into $$$$ than you should just invest in a diversified stock portfolio and expect a 5 to 10 percent increase per year over the course of a few decades. Do not panic, do not sell, do not try to game the market, do not do anything but wait.
Can you give a short summary of the evidence you see for an impending recession? It's hard to weigh effects and sort the information out of the permanent "dim and gloom" background noise.
An extended drop in industrial production without recession seems very unlikely: https://fred.stlouisfed.org/series/INDPRO Shiller P/E is well above the historic mean: http://www.multpl.com/shiller-pe/ Corporate buybacks are dropping, and dividend cuts are rising: http://www.bloomberg.com/news/articles/2016-05-16/bull-market-losing-biggest-ally-as-buybacks-fall-most-since-2009 It is all very suggestive of the end of a credit cycle.
Thanks. I hadn't seen the industrial production data before.