On an Expat.com thread about Medellin/cost of living .. the OP, Liber87 from Hungary currently living in France, asked about investments.
Liber is eager to invest in Colombia although he seemed uncertain about which direction(s) to go. He mentioned investing in coffee as a possibility.
I thought the investment topic too juicy to continue that conversation on that 'cost of living' thread .. given that a thread with Investing in the title seems more likely to receive investors' attention.
Ipso facto, I offer this new thread.
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When the pandemic smacked most of the world's countries in March 2020, I did something I had not done in years -- I started selling my stocks. In about an hour, I had sold most of my holdings.
I kept my pot stocks, my bonds and a few other issues. I then sat mostly in cash through 2020 and early 2021.
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Fast forward to this past week. Over several days, using limit orders, I put almost all of the cash to work and bought stocks.
Especially in the USA, with covid vaccinations and vaccine supplies now widespread, with an informed president established in office, with travel opening up around the globe and an international rebound poised to occur .. I feel it's an optimal time to be re-invested in markets.
However, I did not invest in individual travel or pharmaceutical-company stocks. Nor am I investing in Colombia-specific stocks or stock basket(s).
I did some research and then bought exclusively one dozen stocks based on exchange-traded funds -- ETF's. These are baskets of stocks, including SPY, QQQ and other baskets of large-corporation stocks, some of which focus on tech, a couple with multi-national exposure.
Part of my concept is to spread around the risk to which individual-stock pickers are exposed. Another part is the growth that many large corporations have been experiencing during the pandemic as they seemed better prepared to 'weather the storm' than small- and mid-cap companies.
cccmedia