Is Timing the Market Right for Your Investment in Vanguard S&P 500 ETF?
Thursday, 2 May 2024, 10:03
Should You Buy the Vanguard S&P 500 ETF Right Now or Wait for a Stock Market Correction?
Just under an all-time high
- The S&P 500 is within striking distance of a fresh all-time high, less than 3% below its peak as of April 29.
Should you wait for a correction?
Timing the market is impossible and unimportant for long-term investors. Investing through highs and lows can still result in significant returns, as shown by historical data.
A better strategy
- Dollar-cost averaging is a recommended approach to invest in Vanguard S&P 500 ETF over time, ensuring favorable average share prices.
- Investing at set intervals can mitigate the impact of market volatility and potentially enhance long-term gains.
Consider following a consistent investment strategy rather than timing the market for optimal results.
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