We hit the 48th record high of the year yesterday! Prior to 2024, we went almost two years with no record highs. And at this point in the year, we are on track for the 6th best year in the S&P 500 since 1950!

Should you not invest now because the stock market is at a peak?? No, stick with your investment plan and stay the course!

We have no idea what the future will bring. But, even though the market is at a record high now, there’s a good chance that, in the long run, this could be one of the lowest points you’ll see. It’s only high compared to the past, which doesn’t predict what it will do in the future. If you invest over a long period, you’re likely to see many more record highs along the way.

For example, in 2017 the stock market hit 62 record highs. If given the opportunity today, investors would do anything to be able to go back and invest their money then! (The S&P 500 is up 197% since then).

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Vivi & Shane

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By: Gabriela Gonzalez
Title: The S&P 500 has had 48 all time record highs this year!
Sourced From: www.personalfinanceclub.com/the-sp-500-has-had-48-all-time-record-highs-this-year/
Published Date: Tue, 12 Nov 2024 22:11:20 +0000

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