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After a rough year in 2022, the S&P 500 has gotten off to a solid start in 2023. The broad-market index rose 6.2% in January as investors responded to signs of an economic recovery and a new round of stimulus measures. For investors looking to capitalize on the rally, the Vanguard S&P 500 ETF is an excellent investment. It has produced a total return of 223% over the past decade, and the index recently completed a Golden Cross – a sign of bullish momentum in the markets.
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It's important to note that investing in the S&P 500 requires a long-term outlook. If you don't have a six-month emergency fund, focus on building that up first so that you don't have to sell investment when they're down. Also, don't make big bets with money you can't afford to lose. Instead, focus on diversifying your investment and balancing risk with potential reward.
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When investing in the S&P 500, there are several strategies to consider. One of the most popular is dollar-cost averaging, which involves investing the same amount of money regularly over time. This helps to spread the risk of investing and smooth out the ups and downs of the market. Another strategy is to invest lump sums of money, which can help you take advantage of market opportunities when they arise.