The ASX 200 is up a whopping 54% since the trough of the COVID-19 crash in March last year.
And according to Marcus Today director Marcus Padley, incredibly the
“Even ignoring the pandemic, the S&P 500 has returned a compound 20.0%pa since the high BEFORE the pandemic,” he said in his newsletter.
“It is up 29.5% in 1.4 years not including the pandemic.”
The American market, which the ASX 200 often follows, is now trading at its highest price-to-earnings ratio (30.4) since the dot-com boom in the late 1990s.
‘Chickens are for slaughter’
So is it time to pull our money out of shares? Is it all going to come crashing down, as it does occasionally?
5 lessons for ASX share investors from financial year 2021
5 lessons for ASX share investors from financial year 2021
We saw a decade of economic, political, social and financial action crammed into just 12 months. So what should stock fans make of it all?
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
Latest posts by Tony Yoo (see all)
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A madcap 2021 financial year is now done and dusted.
Then in November came the news that the first vaccines were nearing approval and Americans voted in the US elections.
What truly moves an ASX share price? Knowing the unknown
What truly moves an ASX share price? Knowing the unknown
Thinking that you know better than other investors is a major trap. Here are some suggestions for your investment approach in the new financial year.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
Latest posts by Tony Yoo (see all)
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Do you think you’re a good investor?
How one ASX investor turned $156k into $12 million
How one ASX investor turned $156k into $12 million
This is how one punter multiplied his money 77 times in just 3 years. But his controversial strategy is not for the faint-hearted.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com.
Latest posts by Tony Yoo (see all)
June 26, 8:59pm AEST
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