Just wondered if anybody has tips on how to look past rising share prices without getting nervous about it?
I think I probably fall into a bit of an unusual category in that I started investing around early February this year, and obviously the market tanked shortly after. So since I’ve started investing and participating in this forum there has been a lot of “buy the dip” mentality that I’m finding hard to shake off.
I know it’s illogical, because obviously the whole point of buying a share is that you want it to increase in value over time, which is exactly what is happening. My (modest) portfolio is up c. 20%, which is of course what you hope for following a dip, but I’m now finding myself at a bit of a psychological barrier in that it feels like shares are becoming more expensive than I feel comfortable paying.
I hope that’s come out coherently, it feels like a bit of a ramble. If anybody can relate and has any wisdom to share about how they overcame it, I’d really like to hear it! I’ve found myself holding cash as I’ve seen the prices rising, and wish I’d been able to look at low prices impartially as an opportunity, but it gets harder and harder as the prices go up.