Whilst I believe there are still investment opportunities, from my experience, a pullback could be on the cards very soon. I don’t think it’s a desperate bubble, but markets cannot sustain this sort of momentum, and you want to be able to have room to accumulate good companies at cheap prices should the market fall. You certainly should be looking at your holdings and making sure that those any without fundamental upside are sold, because momentum is running out.
It may also be time to evaluate your strategy. What exactly is it? More importantly, in this world of efficiently priced stocks, what is your advantage? What is your EDGE? I went to a conference last week on surviving the stock market! I don’t usually go to these things, but a client partner was speaking, and I wanted to hear him. I love learning and I learnt something here which reinforced some of my thinking.