The S&P 500 Is Near Record Highs. History Says That's Not a Good Reason to Stop Buying This ETF

A Fidelity study examining S&P 500 returns since 1920 found that investing at all-time highs produced average returns of 9.9% over one year, 36% over three years, and 63% over five years—slightly better than investing on non-record days. The article argues that waiting for market corrections is generally a poor strategy, and investors with long time horizons should continue buying rather than trying to time the market.