The FTSE 100 recently reached a new all-time high — a level it’s taken 15 years to surpass. So is this a reason to sell, like some pundits claim? Well, stock markets can fall at any time, but if you’re going to base your selling on a new all-time high then you might want to take valuation and inflation into account…
Why The FTSE 100 Is Not As Frothy As You Think
VIDEO: One Fool scrutinises the valuation of the FTSE 100 (INDEXFTSE:UKX).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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