STOCK MARKET HITS ALL TIME HIGHS – TIME TO SELL!!
STOCK MARKET HITS ALL TIME HIGHS – TIME TO SELL!! – Latest News Today
Stocks just hit record highs…but how high can this go? Is it time to sell? Should people invest or hold off until prices go down? Lets answer this, from a logical, historic perspective…enjoy. Add me on Snapchat/Instagram: GPStephan
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To start, lets get this out of the way for some disclosure…no one can accurately predict the market. I have no idea if stock market prices will be lower next week, higher next week, or lower next year, or higher next year…no one knows for sure.
With that said, here’s an interesting perspective…In May of 2013, stocks hit all time highs…at this point, the SP500 was sitting around $1630 per share.
Then we have April 1st, 2014…stocks hit more all time highs. At this point, the SP500 was hovering around $1860 per share.
Then we have April 23rd, 2015…stocks hit all time highs, and the SP500 was now at $2080 per share.
Then we have August 8th, 2016…now the SP500 was trading at $2180 per share.
And then August 1 2017….STOCKS HIT RECORD HIGHS… the SP500 was trading at $2400 per share.
And now…AUGUST 29TH…STOCKS HIT RECORD HIGHS…and the SP500 is at $2900 per share.
Here’s what I’m getting at. Naturally we’re always going to be hitting record highs at some point or another. They have been in the 1950’s, the 1960’s, the 70’s…all the way to today. As markets increase, this is just a natural part of investing that we all thankfully have to deal with. The reality is…do we know when the market will drop? No. Could it be lower a year from now? Yes. Could it decline in price for the next several years in a row? Yes. Can we accurately and consistently predict when it will crash and when it will rise? Not really..
Given this context, we can only base an investing strategy off what we KNOW, which comes from long term historic trends. The safest, and also the most profitable investing strategy EVER when it comes to investing, is this:
Save Your Money
Buy when you can
Don’t worry about “buying low, selling high”
Simply buy and DON’T SELL.
That’s it. Will there be some years the market goes down? Absolutely. Will there be years the market goes up? YES. Could it go down tomorrow? Yes. Could it go up tomorrow? Yes. But the long term trend should be overall UP when you look at a 20-30 year timespan. Invest what you can, live below your means, save money…and hold long term.
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