Question: With Charlie's Platinum Asset Management and Crown recommendations to take advantage of the US recovery, I am holding back, being patient, waiting for the correction Feb-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 Aussie dollar?
Answer (By Paul Rickard): James Dunn covered this area quite extensively the other week.
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.