BBUS is here to stay
*Please note I have current stake in BBUS
- Bought BBUS 2 weeks ago as markets surged to all time highs. Got an entry to the bus at $2.42 and have since made a 10% gain. In my opinion, the markets are likely to slow even further as Q3 results will show tell tale signs of the true COVID-19 aftermath. Considering the current state of the US economy, I believe that the risk of a total recovery and BBUS falling further have since passed.
As a negatively leveraged stock on the ASX, I can see potential in this fund reaching some nice milestones once we find out the true damage done by COVID-19 (protesters and rallies).
Heres an article patty wrote on how the BBUS fund works