🌟🌟🌟It is exciting to watch as the S&P 500 continues to go up higher, setting fresh records while its underlying valuation stretch to euphoric levels.
But the mathematical law of mean reversion suggests a severe 10% to 15% may happen.
Mean reversion acts as the inescapable law of gravity for the stock market. It is the mechanical force that pulls those prices back to reality.
Yet in the long term, the S&P 500 will continue its upward momentum. This is due to the magic of compounding.
So I will continue to dollar cost average into $SPDR Portfolio S&P 500 ETF(SPYM)$ as it is my strategy to building long term wealth on autopilot.
@Tiger_comments @TigerStars @Tiger_SG
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