Today I waded back into the market with a buy order on BHP. Employing my position sizing strategy, I aim to deploy cash (Buying the shares) and receiving a sure income (premium received with options strategies). BHP reports on its quarterly production, from my observation, this is a widely held stock that could experience “anticipated moves” and bargain-hunting should there be “early investors” cashing in. I would have liked a lower price, but I was busy attending to my kids activities as the price fell during the US budget dramas, now I have gotten my preparations in order and felt with the US stimulus programs in place there is a strong possibility of share price moving up, so I entered today. It is a “prediction” that I am prepared to be wrong about, no reason to panic, we wait for STOP levels that are in place (34.50 level which is a 1 week low.
BIITS
So is the “stimulus” going to keep coming. Many people think so, there is just little proof to say that US recovery is well on its way. I guess it’s like an adolescent girl requiring strict supervision.
I’ve been reading though that the way people have invested in emerging markets (EMs) are changing. No more BRICS, and investors are warned to be bit by BIITS (Brazil, India, Indonesia, Turkey, South Africa). Check out these many-splendored-things in this article. Of the things mentioned that affect the attractiveness of these markets, China is a big driver. So like in my previous article, keep watching them over yonder. The world indeed has changed.
Meantime, get some ideas on where to invest $1000 from Dr. Nouriel Roubini who predicted the global financial crisis (GFC).
