Justifying a high price stock buy?

[ripvanwinkle]

After about a  year of personal and financial set back, I'm now looking to get back into the market . I know I've missed the run up of the market which brings me to my investing quandary.

I don't have any specific stocks in mind and I'm not asking for any but it for some reason it seems the stocks I tend to look at are around their 52 week highs and oddly enough have high ratings.

I am trying to justify why I should consider buying any of these. . I suppose I could put in a buy point at a much lower price and wait until something makes it drop. I did this a few years ago on some stocks but it took months for them to drop to my target buy point. (stock at $100, buy point at $80??)

How would you handle this or should I just not buy?

[Deleted]

I’ve been out of the market since August of 19 because I thought PE ratios were at a stage of lunacy based off ridiculous borrowing from the gov.

I feel that way even more now, I don’t know how much the Fed can print money before the whole thing crashes.

I think if Trump wins we continue on the path of complete fiscal irresponsibility but can it keep juicing returns for 4 more years?

If Biden wins how quickly does he stop spiking the punch bowl with insane debt?

This is all a ball of I don’t know, I used to be buy and hold, clearly I’m not comfortable with that now for my own personal investments.

[CCL]

I'd dollar-cost average into them. Trades are free now, so you can buy any amount at any time. $100 a week every Friday or something, depending on how much money you've got to spend.

[CCL]

Oct 21, 2020 8:57:46 GMT -5 @aj said:

I’ve been out of the market since August of 19 because I thought PE ratios were at a stage of lunacy based off ridiculous borrowing from the gov.

I feel that way even more now, I don’t know how much the Fed can print money before the whole thing crashes.

I think if Trump wins we continue on the path of complete fiscal irresponsibility but can it keep juicing returns for 4 more years?

If Biden wins how quickly does he stop spiking the punch bowl with insane debt?

This is all a ball of I don’t know, I used to be buy and hold, clearly I’m not comfortable with that now for my own personal investments.

It's always tempting to cash-out, but over time I've learned to leave it be. Whenever I'm really tempted to move to cash I take a look at my balance now vs what I had 10 or 15 years ago. That makes it easy for me to stay in the market. It does help that we have enough fixed income to pay our bills, so the brokerage money isn't something we need to live off of.