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Originally Posted by scubadiver626
Stash it in panama, then watch the movie "blow" with johnny depp.
Eem is a great etf I've always thought, and if we do see a double dip I'll be taking a position.
Ffs, I owned Amazon at $18. Kicking myself for not sitting on that.
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I don't really follow the fluctuations too closely, but it's had a nice rebound over the past month, something that past trading patterns would indicate a possible dip.
Quote:
Originally Posted by HandballJim
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It's really hard to say. My whole investing strategy over the past 2+ years has been to have no more than 2 or 3 holdings and to know as much as one can possibly know about them with publicly available information. So I have 60% AAPL and 40% EEM and don't know much about anything else.
I actually bought EEM as a safe way of getting around that rule because It's diversified in such a way that all I really need to do is stay up to date with 'emerging markets' as a whole, which is something that can be done by simply reading the Economist every week something I do and would be doing anyway. Of all the emerging market etfs, I chose EEM b/c it's is the one that is weighted most towards Brazil and least towards China. In terms of growth, communist governments are bad and infrastructure improvements/capital investment in preparation for the Olympics/World Cup are good, so the plan is to hold up until right before the World Cup. With the high options trading volume, it's an easy 1.5% every Monday after expiry, if I sell the shares for exactly what it was at when I purchased the first batch two years ago, I will have still doubled my money. Selling covered calls is like stealing money. Having traded long calls and puts in the past, I know that once you write the contract and it hits the market, it becomes like a hot potato which will expire worthless in a month. All I have to do is supply the potato.