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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.