The S&P 500 is reaching record highs, suggesting a positive outlook for the market.

From The Motley Fool: 2024-07-22 10:30:00

The S&P 500 continues to hit new record highs amidst a strong bull market in 2024.

Despite high interest rates offering a 5% yield on cash, waiting for a market dip might not be the best strategy.

Market timing is ineffective, so consider investing now for long-term benefits even at record highs.

Bull markets historically last longer and offer more significant gains compared to bear markets, which can last for years.

Implement dollar cost averaging by investing in low-cost index ETFs to mitigate the impact of market volatility.



Read more at The Motley Fool: Is it Safe to Invest With the S&P 500 Hitting Record Highs?