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Thanks for all your advice. I rely on you and your team to make sense of the world.
Ok, my question: With Charlie’s PTM and CRW recommendations to take advantage of the US recovery, I’ve decided to hold back, be patient and wait for a correction between Febrary and May – then I want to strike. Is this a good idea or should I buy in the small dips? What other stocks do you recommend to take advantage of the weakening AUD ? I have some VTS US high yield shares.
A: Thanks for the question.
James Dunn covered this area quite extensively the other week, you can find the article here.
A lot of the stocks that I would recommend , such as CSL, Amcor and Brambles, have already moved. The other way to approach it is through ETFs which give exposure to the broader market. iShares IVV (which tracks the S&P 500) is probably my pick.
In terms of your strategy, I can’t disagree with being patient and looking to buy in the dips. However, it is a lot easier to do this if you already have some part of your position already set. The old adage - “the trend is your friend” – sometimes there is more risk in trying to finesse/time the market than there is in just paying up and getting with the trend. Very few investors people can get the timing right on an ongoing basis.
