Is Buying Stocks When the S&P 500 Hits a New All-Time High a Smart Strategy? History Provides a Clear Answer.
The S 500 (SNPINDEX: ^GSPC) put all doubts of a bull market to rest when it hit a new all-time high on Jan. 19. Stocks have continued climbing higher through the first half of the year, and the S 500 is currently sitting near its peak.
Lofty stock prices may leave some investors nervous about putting their money to work in stocks. After all, every bear market, by definition, begins just after stocks reach an all-time high, so it feels like you could end up buying just as the market's fortunes reverse.
But buying stocks when the S 500 hits a new all-time high has historically been a smart strategy. It may be a great opportunity to invest your extra money in the stock market right now.
Source Fool.com