The S&P is at an all time high of 1,569.11. The STI is at 3300. Should you buy in?
Well, it seems that the world is getting more confident of the business environments. More money is moving towards equity investing for better returns as bond prices get pushed towards higher levels as yields get compressed.
I ask a friend several days ago. Is the market set for a bullrun or are we screaming for a correction?
Frankly, he doesn't know either. But neither do I.
Who can predict the markets? Who can even know why the world thinks things are alright when the looming debt problems in USA and Europe have yet to be settled - zombie banks and companies are still rampant. Even something as small as cyprus could be a danger to the world.
But frankly, nobody knows what's about to happen. And thats why, it shouldn't be something you lose sleep over. Rather think like the smart money does, find gems that aren't being noticed, its luck sometimes, its hardwork sometimes, sometimes, its just the cards you are given in life (emotional/personality hardwiring), but even then, you can play these cards the right way. So look for the gems! - These are companies that you can keep over the long run.
And always keep 30% of your portfolio in liquid money market instruments like fixed deposits, opportunities that come with crisis are an awful thing to waste.
I always have a keen eye for companies that are unnoticed, if you have one you like a memo about, kindly inform me at edenadvisors@gmail.com and I may decide to do a short writeup about it. :)
Have a blessed day ahead.
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