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Now convertible bonds and stocks are both so expensive. Do I have to go back to old stocks?
Feeling like there’s nowhere to start. Many convertible bonds have been called for redemption, and except for a few that are about to mature, they all have such high premiums. Looking at the stock P/E ratios, they’re all sky-high. I don’t know what to do next. Could it be time to go back to investing in stocks for dividends?