What's in the Works?
You may be wondering what I am currently researching for investments so here is a taste of what's in the the works.
China
The most exciting area for investment that I'm researching is China. Last year I made over a 60% gain investing in Hang Seng and Shanghi market ETFs! This was after being down over 20% shortly after making the initial investment! How is that for market volitility and amazing growth potential? Being a prudent trader, profits were taken and I currently don't own any Asia specific stocks or ETFs. I am, however, now looking at individual stocks in Asia and especially investigating converting my "falling" U.S. dollars into Chinese rinmenbi and Hong Kong Dollar denominated assets which have no where to go but up. I heard an interesting analogy recently that put this opportunity into perspective; China now in 2008 is much like the United States of 1908, poised for a century of astonishing growth. Stay tuned for where and how I will be investing in China.
Property
Right now is a great opportunity to purchase property at significant discounts compared to just a year or two ago. The whole mortgage meltdown has caused mass panic by everyone, even those who are in areas that should stand the test of time. Interest rates are low and even the conforming limit has been raised making purchases in the bay area possible at low interest rates. I am currently searching daily for short sale and foreclosure opportunities in San Francisco and have found some properties that are even cash flow positive in some cases due to the discounts which is unheard of in the city by the bay. Stay tuned for more on these "fire sale" opportunities.
1 comment:
I'm interesting in reading about safe methods of investing China and other emerging economies. There's a lot of money to be made, but the lack of transparency scares me too.
Another thing that needs to be kept track of is which emerging nations have the best court systems to defend investors against behind-the-scenes market manipulators (which can cause the price to go up or down at their command). What makes America's market still the best is that you have the most available information on what you're investing on, so it's tougher for people to get away with artificially manipulating prices.
With both property and stock, everything must be disclosed in America. Unfortunately, that isn't true in most developing nations.
By the way, UFC party at my house on March 1st. Feel free to stroll on down here. Can't wait to see Henderson/Silva.
Post a Comment