Stocks at record highs as investors go all in

by Chris Becker

One of the struggles of successful investing is that a majority of your returns come by following along with the herd as prices rise, but to convert these ephemeral gains into actual returns almost always involves turning around and getting in the way of the crowd as they stampede to ever higher highs.

Locally, the ASX200 is nearing its former nominal high from 2007 after a record run, as the RBA rejoins the global accommodating central bank policy crowd:

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