Should you invest at all time highs?

Knowledge Series

Should you invest at all time highs?

Look at the chart below. The markets are making an all time high. Does it make sense to invest now?

Well. well. Look again at the same chart below.

The first chart was from 2017-18. The markets had had a great run earlier till 2014-15. It went sideways the following two years and then started moving up again. This is pretty much what has happened now. Markets made a Covid rally high around Oct 2021 and then went sideways for two years till about Oct 2023. The rally has resumed since October 2023.

The markets will never go up or down linearly. There will be volatility, sometimes extreme volatility. As investors we need to behave rationally and with discipline acknowledging that we are playing a long game.

In the next few years, the markets will be substantially higher than where it is today. So, the question is do you keep waiting on the sidelines or do you dive in?

As Charlie Munger used to say in the Berkshire meetings… “I have nothing more to add.”

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