@peejay2. Yeah. I'm invested in both the Eley Griffiths Emerging Companies and Mid-Cap Companies funds. So I'm putting my money where my mouth is, so to speak.
On the topic of HMC, I can thank Auscap for the research lead. I'm up over 100% now, however I'm not adding to my position (just holding) as I think the market is running away on a good idea. Great company, great management, but the short-term valuation is looking a bit stretched IMO.
On the share-market overall, it loved the Trump win in the USA. Regardless of our personal politics, the people with the money have voted.
And with share-markets hitting new all-time highs in AUS and USA, I'm reminded of the Warren Buffet quote about when people start to get greedy. Berkshire Hathaway is building cash, and Regal have started shorting CBA. If that's not a red flag, what is?
So I'm taking the foot off the pedal and not adding to my exposure in equities. I might be a bit early on this, as I also think the bull market has further to run, especially in small caps. Also, we are yet to see the IPO market pick up, and things to get super bullish like in 1999 or 2007.
