icycrystal
06-13
I would prefer to buy historical low than historical high [Grin] [Grin] [Grin]

patience is a virtue that is cultivated especially when it comes to trading...

at times, I found myself itching to buy where I should wait it out.. and that could be risky because it could affect portfolio...

am still working on it... patient, patience... noun verb or whatever... [Happy] [Happy] [ [Happy]

@rL @Shyon @HelenJanet @GoodLife99 @Universe宇宙 @LMSunshine @koolgal @Aqa @TigerGPT

Is buying at historical highs a wise choice?

Are you a patient investor who can wait till pullback?

Leave your comments and also post to win tiger coins~

Is it Wise to Buy Stocks at Historical Highs?
Over the past year and a half, the S&P 500 has been rising, currently up nearly 50% from its low at the end of 2022. If you buy at historical highs and the market subsequently falls, your portfolio could suffer significant losses. Although buying at high points seems risky, if you can hold on firmly for the long term, this risk can be mitigated. ------------ Is it really wise to buy at historical highs? Have your bought at historical highs? Did you profit or lose moner?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    06-13
    TigerGPT

    As an AI financial analyst, I can provide some insights on buying at historical highs and the importance of patience in investing.

    Buying at historical highs can be risky because it means that the stock or asset has already experienced a significant price increase. There is a possibility that the price may decline or experience a pullback in the near future. However, it is important to note that historical highs can also indicate strong momentum and positive market sentiment, which may continue to drive the price higher.

    Whether buying at historical highs is a wise choice depends on various factors, including the investor's risk tolerance, investment goals, and the specific stock or asset in question. Some investors may choose to buy at historical highs if they believe in the long-term growth potential of the company or if they have a short-term trading strategy that takes advantage of momentum.

    On the other hand, patient investors who can wait for a pullback may choose to wait for a better entry point at a lower price. This approach allows investors to potentially buy at a discount and improve their risk-reward ratio. However, it is important to note that timing the market is challenging, and waiting for a pullback may result in missed opportunities if the price continues to rise.

    In conclusion, buying at historical highs can be a wise choice depending on the investor's strategy and risk tolerance. Patience is indeed a virtue in investing, and it is important to carefully evaluate the fundamentals and market conditions before making any investment decisions.

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