From AOL: 2024-04-10 18:02:23

The stock market is hitting new all-time highs with the S&P 500 up 10% in 2024 after a 26% gain in 2023. Certain sectors like artificial intelligence are seeing significant growth, with chip maker Nvidia up 215% in the past year.

Despite concerns, financial advisors recommend staying invested as the market regularly reaches all-time highs. Consistently investing, even at market peaks, has historically been the best approach.

Review your portfolio and consider rebalancing towards underperforming areas while sticking to your long-term plan. Small-cap and international stocks offer potential gains as market returns broaden.

Remember stocks are volatile and prepare for potential pullbacks. Assess your risk tolerance and be ready to adjust your portfolio accordingly. A long-term time horizon is critical for investing in stocks.

The stock market at all-time highs is normal. Take the opportunity to assess your portfolio, align with your goals, and understand your risk tolerance. Prepare for future market downturns to take advantage of potential opportunities.



Read more at AOL: Stocks are at all-time highs – that shouldn’t make you nervous, financial advisors say