I'm torn between buying it because it has the potential to keep rising, and avoiding it because it may be overvalued because every managed fund owns it.
I had the same thoughts about CSL when it was ~$90. Years later (September last year) finally bought it at ~$210 (around peak at the time) and now it's at $270
A few family friends retiring happy on CSL.. not me that’s for sure. They’d also worked jobs like in post office and boarder control (cushy gov jobs with low pay). Luck btards