We didn't see that coming...
For those anticipating Armageddon with Donald Trump as a President-Elect, timing the stock market would have led to a missed opportunity.
On the night of the election, stock market futures plunged to the point where market regulators temporarily halted all activity until the following day. We all thought our portfolios were doomed and that our net worth would drop 10% along the way. There was no doubt our dollar bills were turning into nickles and dimes by the second.
And then something funny happened – the markets went up. A week later the stock market continues to climb, reaching all-time highs in the wake of the election. Will it stick? Who knows.
As with most things in life, keep it simple.
1. Set aside some cash each month.
2. Invest that cash into a diversified and low cost ETF such as VOO, VTI, or IVV.
3. Focus on living your life; surround yourself with your friends, family, and have a good time along the way.
4. Repeat Steps 1 – 3 each month.
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