Here is a video clip on what to do when valuation is high (kind of like what are in now – though technically the PE for the STI is not above the average high. At the SPDR STI ETF’s close on 17 April 2015, it had a trailing price-to-earnings (PE) ratio of 14.2. This compares somewhat favourably with the Straits Times Index’s long-term average PE (from 1973 to 2010) of 16.9. Nevertheless, the Singapore’s stock market has, without much fanfare, sneaked its way up to a seven-plus-year high. (read here) It is common to hear people saying or read people mentioning that it is hard finding good companies at great price. (see here) Similarly, elsewhere markets have reached multi years high eg. Hang Seng and Japan’s Nikkei (read here) Anyway, I have been doing a lot of reading, and no trade at all. Guess, it can ......