A lot of people on this forum have been discussing previous drops in the stock market and "buying stocks on sale." To me, the implication is that these people had extra money sitting around and they were waiting for such a "stock market sale" to buy more stock for cheap. Basic allocations include % equities, % bonds, maybe % REITs and then a certain amount in an EF.
Questions:
1) Where is the extra money coming from to purchase these "stocks on sale"?
2) Wouldn't the money that is saved for "stocks on sale" be better utilized as invested in the market as available and for the long term, as opposed to holding on to it and waiting for market slumps?
3) Is the aforementioned strategy really any different than market timing?