"My searches indicate that the Australian share market is overvalued. Does this mean we can expect a major correction shortly?"
- Graham in Cairns, Queensland
Top answer provided by:
Matt Hale
Hi Graham,
It’s not about timing the market; it’s about time in the market—a classic saying in investing, which proves correct time & time again.
It’s not about timing the market; it’s about time in the market—a classic saying in investing, which proves correct time & time again.
I don’t have a crystal ball - and unless someone else does – the answer isn’t known. And, if someone is confident of the answer, I suggest you run!
Let’s deal in facts and go from there – between June 1979 & June 2020 –all ordinaries has provided double-digit annual returns.
From there, we know that there is more certainty by investing for the long term.
The next layer down is where the work comes for you – what is your risk tolerance, what purpose are you investing for & what are the time frames?
If you know those things, happy days. If you don’t, speak to an adviser.
My recommendation is always to err on the side of caution – no one ever lost too much sleep by having to wait a little longer for their ‘pot of gold’ to flourish.
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