The S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) are all nearing record highs yet again, which, in some regards, puts investors in a challenging situation.
Is it really smart to invest when the market is this expensive?
Or would it be safer to wait until prices fall to “buy the dip”? Are we in a bubble that’s on the verge of popping? Or is the market poised for many more months or even years of growth?
Nobody can say exactly where the market is headed right now. If history proves anything, though, it’s that staying invested is the most lucrative move investors can make — and avoiding the market could be costlier than you might think. Time is more important than timing Since 1929, the S&P 500 has declined by around 27% during the average bear market.