08-27-2021, 12:01 PM
It is challenging to pick between overvalued quality stock or undervalued ok-quality stock. I used to buy stocks with a PE under 20 only and I lost many growth opportunities and find myself hold many failing cheap stocks.
I now pay less attention to PE and try to find a good stock of peg under 2. It should also have a good dividend track record and ideally the currently yield is higher/close to the average yield.
I now pay less attention to PE and try to find a good stock of peg under 2. It should also have a good dividend track record and ideally the currently yield is higher/close to the average yield.