As I embarked on my investment journey in the autumn of 2008, I was met with a rare opportunity: stocks were trading at historically low prices. The S&P 500 index, a benchmark for the US stock market, was valued at a mere 9 times its projected earnings. Fast-forward to today, and the picture looks vastly different. The price-to-earnings ratio has more than doubled, hovering around 22, just shy of its all-time high.
As a seasoned investor, I’ve learned to navigate these shifting market tides. My personal portfolio boasts a diverse range of holdings, including stalwarts like MO and PM, as well as ETFs such as IJR and IJH. I’ve also taken a liking to CPRI, a company that has demonstrated resilience in the face of uncertainty.
It’s essential to note that past successes are no guarantee of future triumphs. Every investor must carefully consider their own risk tolerance and financial goals before making any investment decisions. The views expressed here are solely my own and may not align with those of Seeking Alpha or its affiliates.
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