Smart Growth

The Smart Growth wikifolio aims to invest in stocks of companies with sustainable high returns on invested capital and growth potential. A universe of mainly North American with some European stocks (although other countries are not discarded) has been pre-selected and the fund will invest when prices are reasonable. The wikifolio will aim to hold 20 securities for the long run but will have a cash position if good opportunities aren't found. The Wikifolio can invest in gold ETFs in case of a market correction and I want to take advantage off a flight to safety (I will probably have a large cash position to invest because it will be harder to find ideas during overvalued bull markets leading up to a correction)