I have purposely been avoiding stocks for a long time. Today, I had a look at CBA. Gob smacked. At what point did CBA turn into a raging 'growth' story? No point investing these days, even for the dividend. I do not understand what investors are in love with. Maybe 'compulsory' index investing is to blame... Maybe Australia does have a massive property bubble... All a bit baffling. Obviously, I would like to buy blue chips on the cheap. I am happy to wait to do that. However, CBA is so far from my target, I will give up now. Of course, this is the opinion of a non-holder. Good luck to current holders. Should be right, so long as money stays 'loose'
CBA Price at posting:
$168.77 Sentiment: None Disclosure: Not Held
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