Hi investors, my conservative father, who is skeptical about these things, was convinced that investing instead of saving does make sense, so I want to set him up with at least basic ETFs for the S&P 500 and the NASDAQ. My question is whether you would go in right away or wait a while to see what the market does (since people are talking about upcoming drops), given that prices are at highs? Thanks and have a great week.
Focus mainly on making sure your ETFs don’t overlap, because if you want to have the S&P 500 and the Nasdaq 100 in your portfolio, you’re still investing in "the same thing" and not diversifying.
I definitely wouldn’t wait completely on the sidelines. Since everything is at highs right now, I’d start investing very slowly—perhaps just 3–5% of capital per month—but I’d still try to get into the market.