n Personal Finance Newsletter - Wayne's "Rule of 21", and other rules : investment for beginners




Extracted from text ... INVESTMENT FOR BEGINNERS Moneyweb's PERSONAL FINANCE October 2006 13 1. Wayne McCurrie's "Rule of 21" - how to determine whether a market is becoming expensive The "Rule of 21" is a historical rule that has been established over time. But as McCurrie stated on Investing 101 recently, "[i]t's a most simplistic investment rule. But I must just stress, it applies to groups of shares or indices. In other words, the all-share index, the resources index. You can't actually apply it directly against individual shares because shares can be so different. So it works reasonably well when you look at a ..


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