The S&P 500 (SNPINDEX: ^GSPC) advanced 24.2% in 2023 as signs of economic resilience made investors increasingly confident in a soft landing, a scenario in which the Federal Reserve successfully brings inflation under control without causing a recession.
That momentum has spilled into 2024. The S&P 500 advanced another 10.2% during the three-month period that ended in March, its second-strongest first-quarter performance of the past decade. Even more impressive, the index has already hit 22 record highs this year, according to Goldman Sachs, and it sits within striking distance of another.
Here are the two worst mistakes investors can make right now.
Mistake 1: Avoiding the stock market or selling stocks without good reason
Isaac Newton once said, “What goes up, must come down.” That axiomatic statement is irrefutable where gravity is concerned, but investors should never apply that…
