I’m taking Warren Buffett’s advice for when ASX shares are at record highs
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Prior to this week’s selloff, the S&P/ASX 200 Index (ASX: XJO) was trading close to its record high.
This might seem like a terrible time to invest, but it’s not as black and white as that.
Investing at record highs
Sure, when the market is at a record high, there’s a fair chance that some ASX shares will have risen far beyond what could be deemed fair value. This could make them laggards in the months that follow as investors see more value in other areas.
I would avoid them and look at what Warren Buffett has done over multiple decades as he compounded his Berkshire Hathaway (NYSE: BRK.B) investment portfolio into one of the largest in the world.
