Rising market no excuse to flush investments away

One of the biggest risks facing investors after a couple of years of strong share-market growth is the rise of more questionable floats. As novice investors mistake the good market performance for their own competence, they may branch out to smaller, riskier companies, or chase new floats. One float that may be considered to be high risk is Pacific Drive Corporation Limited, a start-up retirement resort developer seeking to raise $8 million and list on the Australian Stock Exchange.