Unless you invested in 2021…
The common “wisdom” of dollar cost averaging the market only works for those (1) who never sell (2) continue to have an ever inflating dollar and QE and (3) an ever growing economy
Right now energy prices are 3x-5x a few years ago. That will dramatically reduce growth and may even shrink the economy. Arguably the real economy has been stagnant for quite some time.
Not financial advice, but at the moment I would consider holding cash or other solid assets. Waiting for the energy situation to stabilize then buy in.
You could cost average, but timing the market can produce multiples more gains if your calm / collected, informed and willing to wait.
DCA reduces risks, particularly on the whole market. They said it doesn’t remove risk and it definitely reduces potential upside.