Some 6 months ago, I used to hear a lot of chatter from my friends, who had invested into
1. Apple Stock
2. Chinese IPO's
They used to sound as if they have gone through an epic story and they have had the treasure hunt. Whenever, we used to argue the fundamentals, they used to put flimsy stories. Something similar to
http://davidstockmanscontracorner.com/shanghai-composite-pe-ratio-reaches-44x-the-price-to-whatever-bubble/
But then most of the people, I see shouting from the top of the TV studios are no different. Invest in SIP...Invest in MF.........are some of the misleading and deliberate sermons beamed full day in and out on business channels, business columns and magazines. The common fact, which every investment professional knows is that when the market is trading above PE of 18, it is not a good time to invest for a retail investor.
1. Apple Stock
2. Chinese IPO's
They used to sound as if they have gone through an epic story and they have had the treasure hunt. Whenever, we used to argue the fundamentals, they used to put flimsy stories. Something similar to
http://davidstockmanscontracorner.com/shanghai-composite-pe-ratio-reaches-44x-the-price-to-whatever-bubble/
But then most of the people, I see shouting from the top of the TV studios are no different. Invest in SIP...Invest in MF.........are some of the misleading and deliberate sermons beamed full day in and out on business channels, business columns and magazines. The common fact, which every investment professional knows is that when the market is trading above PE of 18, it is not a good time to invest for a retail investor.
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