Time in the market, not timing the market
Trying to time the market eventually makes fools of most people, whether on the way into the market or on the way out. No one knows what is going to happen or when.
“Recently we’ve seen people reluctant to invest in stocks or increase stock allocation because they are concerned that the valuations are too high,” says CFP professional Jeffery Nauta, CFA, principal at Henrickson Nauta Wealth Advisors in Belmont, Michigan.
But markets have traded at higher levels for years, and you miss out on great returns if you sit anxiously on the sidelines.
Don’t wait for the right time. Instead, start dollar-cost averaging into the stock market. This strategy involves investing a percentage of your paycheck into the markets regularly, such as in a workplace retirement savings plan.
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