If You Make Just 1 Investing Move Right Now, History Says It Should Be This
Although uncertainty in the stock market is rising, history offers a useful lesson for investors deciding what to do next.
Overview
The U.S. stock market is giving investors multiple reasons to remain cautious. The S&P 500 (SNPINDEX: ^GSPC) closed at 7,718.41 on Sept. 4, just 1% below its record high on Aug. 13. The 10-year Treasury yield stood at around 4.78%. Wall Street now sees roughly 60% probability of the Federal Reserve hiking interest rates in this month.
Despite these challenges, if I had cash already set aside for long-term investing, I would make one move right now. I would put it into a low-cost S&P 500 index fund instead of waiting for the next market correction.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.