Please name me one stock that is undervalued and isn't a value or dividend trap and I'll take my hat off to you.
I'm not sure if I agree with your definition of wealth creation, as CSL, Afterpay, Google, Apple, Amazon etc. traded on "expensive" multiples for a very long period of time and did quite well over two decades. Maybe the lesson is BUY Quality and KEEP Quality.
The only people that didn't do well out of these stocks are those who sold them to buy Telstra or thought they were very smart and inefficiently made small percentage gains whereas doing nothing yielded many multiples on investment.
$200 Party, page-129
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Last
$236.03 |
Change
0.060(0.03%) |
Mkt cap ! $89.96B | |||
| Open | High | Low | Value | Volume |
| $235.55 | $236.62 | $234.76 | $229.8M | 1.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | $235.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $236.07 | 1592 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MQG (ASX) Chart |