I've been reading up on value investing recently, loooking to maybe add some good stocks to my portfolio - at the moment its mainly STW, which tracks the ASX200.
I'm reading that generally the sharemarket is overvalued, my concern is that when value catches up with the index, I could see quite a drop in price. However I can accept some volatility, and have bought reasonably low - my logic for buying in recently.
I'm thinking I'm discovering why some people are sitting out the market. I may end up selling some and giong to some well researched value stocks, or cash.. Any thoughts?