Jamie Dimon Says Stock Valuations Are Too High. But That Shouldn't Change How You Invest. Consider These 3 ETFs.

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JPMorgan Chase(NYSE: JPM) CEO Jamie Dimon precocious gave a provocative interrogation with a CNBC podcast. On Monday, Dimon efficaciously said that helium wouldn't bargain astir stocks close present astatine today's precocious valuations.

Even if Dimon is somewhat bearish connected the banal market, that doesn't mean mundane investors should be. For 1 thing, Jamie Dimon is simply a billionaire, and he's getting person to retirement; his concern goals and clip skyline are astir apt a batch antithetic from yours. And possibly adjacent much important: No 1 knows however to clip the market, not adjacent the CEOs of large banks.

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Even if you stock Dimon's concerns that immoderate banal valuations are excessively high, that doesn't mean you should halt investing. Let's look astatine 3 exchange-traded funds (ETFs) that mightiness beryllium bully choices for non-billionaire, semipermanent investors.

Vanguard Total Stock Market ETF (VTI): 3,531 stocks, 25 years of 9.48% annualized returns

Even if valuations are high, it's astir ever a bully thought for semipermanent investors to support buying a broadly diversified banal marketplace scale money similar the Vanguard Total Stock Market ETF (NYSEMKT: VTI). This Vanguard ETF holds a portfolio of 3,531 U.S. stocks of companies of each sizes (large cap, mid cap, and tiny cap) and charges an ultralow disbursal ratio of 0.03%.

In the past 25 years since this fund's inception successful May 2001, it's delivered mean yearly returns of 9.48%. More precocious it's done adjacent better, with annualized returns of 15.04% successful the past 10 years and 12.24% successful the past 5 years.

Just similar the S&P 500 index, this scale money has grown a spot apical dense with tech stocks. The top-10 banal holdings successful the Vanguard Total Stock Market ETF are each large tech names, and the portfolio's largest assemblage weighting is successful exertion (41% of the fund), portion industrials (12.5%) and user discretionary (12.3%) fertile a distant 2nd and third.

But scale funds similar VTI don't conscionable support holding the aforesaid stocks forever. They perpetually set their holdings based connected which stocks are gaining oregon falling. Even if immoderate stocks successful the scale are overpriced and spell done a downturn, investors mightiness rotate into different stocks and sectors.