Expect disappointment as values become stretched
In this article in Cuffelinks newsletter, Roger talks about how much value there is in the market at the moment. Read it here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Vikings_7
:
Totally agree with the philosophy of buying on fear, selling on euphoria. At what point though do you start becoming a market timer (even when you think valuations may be stretched) when in the long run you’re better off staying invested rather than trying to jump in and out?
Roger Montgomery
:
I think that depends simply on whether extremes are reached…