The 1 Investing Mistake That Could Be Quietly Costing You Thousands of Dollars
Waiting to invest could cost you more than you think.
Investors often make the mistake of waiting for an ideal moment to buy stocks. This strategy might lead them to miss out on potential gains, as history has shown that pricey markets can actually be advantageous for long-term investments. The S&P 500, for instance, has averaged 9.5% returns over one-year periods following a high, compared to 9.2% on all other days.
Over three-year and five-year periods, the margin widened to 30.2% and 55.8%, respectively. However, investing during all-time highs doesn't guarantee poor returns. In fact, investing consistently over long periods can help accumulate substantial wealth. The key is not to chase the lowest possible price but to grow wealth steadily by investing regularly.
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