As you probably have heard, the Olympic Games will take place in Rio de Janeiro in 2016. This is another good news (among many others) for this country. It will mean lots of new infrastructure spending, which is good for real estate, construction, engineering and cement companies, hotels, tourism, but more generally for the whole brazilian economy as a whole.
In the past I bought the iShares MSCI Brazil Index Fund ETF (EWZ) for the portfolio at $46.6 on May 1 but sold it too early at $54 on June 15. This time, I want to buy it and go away, meaning hold it for several years.
I will now add EWZ again to the portfolio (allocation: 10% of total). I will buy around $68. My stop loss? $53.
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