How should you treat past investment returns when making investment?

We’ve all seen it before disclaimer saying that previous returns of any investment will provide you no guide to future investment returns. But I actually think they do, the further any asset has gone up in value the more cautious you should be. It means you’re buying a more expensive asset, it is as the prices go up in value. Our future expected returns will be lower. At a time when share markets or residential property here in Australia become more expensive. This is where people should be more cautious when making an investment decision particularly when high levels of debt are involved. Always get qualifying investment advice they can take into account your risk tolerance and cash flow, and considers what happens if this investment does not go up but actually down. General advice only. #financialadvice #investing #superannuation #sharemarket #property