JPMorgan just dropped a note that'll make the perma-bears squirm: buying at all-time highs has historically delivered better forward returns than buying on an average day.
Yeah, record highs make everyone nervous. I get it. But the data doesn't care about your feelings.
The catch? These are averages. Year 1 to Year 5 can be a wild ride with plenty of volatility in between. You're not buying a straight line up.
But here's the real point: sitting in cash because some doom narrative spooked you is probably costing you more than the drawdown you're trying to avoid.
Fear is expensive. Patience and conviction in quality assets — whether public or private — tend to win over time.
Don't let the noise keep you on the sidelines.
Yeah, record highs make everyone nervous. I get it. But the data doesn't care about your feelings.
The catch? These are averages. Year 1 to Year 5 can be a wild ride with plenty of volatility in between. You're not buying a straight line up.
But here's the real point: sitting in cash because some doom narrative spooked you is probably costing you more than the drawdown you're trying to avoid.
Fear is expensive. Patience and conviction in quality assets — whether public or private — tend to win over time.
Don't let the noise keep you on the sidelines.