The Only New Stock I've Bought This Year Is the Perfect Addition Amid a Historically Pricey Stock Market

With the S&P 500's Shiller P/E ratio near historic highs at 42.84 (close to the dot-com bubble peak of 44.19), the author highlights York Water as the only new stock purchase this year. The water utility offers predictability through regulated monopoly operations, a 210-year dividend streak since 1816, and trades at a historically cheap 17.1x forward P/E ratio compared to its 5-year average of 29.3, positioning it well if the market corrects.