8♣ – Don’t be Afraid of All Time Highs

Don't be afraid of all-time highs - they don't mean that a crash is coming.

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3 Responses

  1. Hi Mike,

    Some great stats in there that make you realise the all time high’s are actually quite a frequent thing!
    It also depends at what stage you are – building wealth or living on the wealth.
    At this stage I am still building – I recently bought some more VHYL even though it felt expensive to me, as its the time in the market that counts, I can keep getting the dividends, and I wont realistically be looking to utilise it for a good few years.

    I did recently top slice one of my holdings as it was near an all time high (to be fair it has nearly quadrupled on my original price!), and used that to buy another share that was at an all time low – if you are into individual shares and research there is usually something worth looking at…

    Alternatively, as you mention above, just pound cost average it from your salary / other income sources, sit back and forget about the noise 🙂

  2. There is nothing to be afraid of in stock crash. You just need to know how to position well in order to take advantage of the fallen prices

  3. Avatar Steve JS says:

    There is no way to avoid stock crashes and the wise think to do in such scenarios is to keep calm and hold. If you have been loyal to a specific stock for some time then continue and you will be rewarded. The rare cases do not much affect your wealth accumulation.

    I have held RIL (BSE) shares for close to a decade now and it’s never disappointed me.

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8♣ – Don’t be Afraid of All Time Highs

by Mike Rawson time to read: 6 min
More in Featured, MoneyDeck
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