Anyone who has watched or read me for years knows I don’t punt on companies. I do take the advice of respected stock analysts. Sometimes, for example, with my BHP call in the $14 region, I’ll take a three-year speculation on a quality company that has been over-beaten-up by an irrational, too punishing market.
You have to remember a lot of momentum on stocks is driven by short-term haters and lovers of companies, which creates an opportunity. It’s why I think Link (LNK) looks like a decent longer-term play. But that’s for another day.
Today I want to go back to my often talked about strategy of using ETFs when you’re looking at a buying opportunity. The three in question target three areas worth taking a punt on for good historical reasons.