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I’ve seen this before with someone who inherited a sizable amount of money from a deceased relative right after the financial crisis. Given where the market is
by uptown 8y ago
I’ve seen this before with someone who inherited a sizable amount of money from a deceased relative right after the financial crisis. Given where the market is today I’m not sure what advice I’d give to them if the same were to happen today.
Do you still just go with the long-term play and put it into index funds when they’re at all time highs?
- TACIXAT 8y agoWill you short the S&P 500 right now? If the answer is no, just hop on the index fund train. It might be near an all time high, but it can go higher while your money is sitting idle. Maybe it will drop and wipe out most of or more than those gains, but you will be there for the recovery. Studies have shown this to be an incredibly effective strategy.