Today’s Chart, from Peter Mallouk via the Chart Report, shows the average cumulative S&P 500 returns from 1998 to 2020.The chart compares returns if you invested on any day (light green) vs. when investing while the market was at all-time highs (dark green.) Clients ask, “We are at a new stock market record; should we wait to invest new funds?” It turns out, history shows us that investing at the peak is a better time than any other. It goes against conventional wisdom, but since the market goes up over time, record highs are usually followed more record highs.