The 'nifty fifty' - when it makes sense to buy at the top

We are all told to 'buy low, sell high'. But according to some strategists, the best growth is to be found in the pricier stocks. Tim Bennett explains.

Investors are usually advised to buy low, sell high. But does it ever make sense to buy a pricey looking stock? The answer, say strategists at Socit Gnrale and Morgan Stanley, is yes'. To find out why, we have to go back in time a few decades.

The Nifty Fifty

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.