Trying to determine the best time to invest your hard-earned money can be a daunting task.

When the stock market hits a new high, it seems like there's nowhere to go but down. After all, every bear market begins, by definition, just after the S&P 500 hits a new all-time high. But when stocks fall, it can be equally scary. There's no telling how much further stock prices will drop.

After a sharp pullback in the S&P 500 in early August, the index has roared back toward its all-time highs. You might be kicking yourself for not buying on the dip. But even if you missed out on that short-lived opportunity, history suggests it's still a great time to invest right now, even as the market pushes to new all-time highs.

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Source Fool.com