Yesterday, the October pay check was quite impressive, as we received the first salary with the 4.3% increase (promotion), the relocation allowance and the 13th salary adjusted to 9 months (based on my previous salary). Next month, I will receive the remaining amount of the 13th salary based on my new salary.
First thing I did is to transfer money to our broker account, now we have a new cash position of 20K CHF, which next month will increase by around 4000 CHF, with the remaining of 13th salary.
I am happy to have this cash position, as the market as been so volatile recently that good opportunities exists to buy shares at discounted prices.
For example, Roche (ROG:VX) is very attractive and with the excellent 3rd quarter results, will prove once again a very good investment.
You may have seen that Credit Suisse (CSGN.VX) will increase their capitalization and I believe the investors should have preferential positions, let’s see. My only concern we are already over-weighted in financial companies with UBS.
LafargeHolcim is another company that I believe should be invested in, they are really discounted now, and the future is bright for the cement Giant.
What about you, any tips on what to buy?