And I'll either wait for a correction to bring the price down or just look elsewhere. Piling onto overpriced stocks just because in theory they should keep going up isn't a great strategy.Breh there are some companies that it's pretty obvious they will grow because they are so big and there's nothing to replace them. If Amazon isn't a sure thing then nothing in the market is a sure thing.
I'm the kinda guy that was buying Apple when it was in the $160-170 range. Buying Facebook in the $140-$180 range. Buying Netflix at $480+ isn't a good move. If I'm gonna buy that high why wouldn't I have bought last year when it was in the high $200 range?
Buy low and sell high is the aim not buy high and hope it goes higher. Hell I'd rather buy FB, MSFT, or APPL at their current prices with PEs in the low 30s than buy Netflix with a 100 PE.