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10 comments:
You bought a Chilean bank stock. I bought the Chile ETF because it did not have a lot of banks. LOL. Other than that, my reasoning was similar to yours; especially the low exposure to US. I'm not a total believer in the "decoupling theory" but I do take some comfort from the fact that the US is not the only growth engine in the world anymore.
Also bought the new China Real Estate ETF. While that may or may not work out, I wouldn't touch US or European-based REITs right now.
Finally, I increased my exposure to Russia (via RSX) and I wish someone would come out with a Russia small cap ETF. I think anyone who buys into the Western propaganda about Russia will miss some good opportunities over the next few years.
the stock i bought is one i used to own for a few clients that i sold a little over a year ago about a buck or two lower than where i bot this week.
i am quite comfy with it, it pays a good div but we'll see.
Thanks, I look forward to your Saturday comments, Roger. I see that Singapore has one of highest predicted GDP/CPI ratios of any country for 2008.
Do you consider that an important indicator?
One strategy to counter a potential recession is to invest in stocks that are not consumer dependent,
or perhaps discretionary. This Ken Heebner has
a fund that is 85%long and 15%short with a 300+%
yearly turnover. This brief quote of his seems to
be pretty persuasive, and I would like to hear
any counter-arguments, since I am considering
purchasing some of his fund shares. I know it is a different approach to diversifying. Thanks, Scoot
"Energy is now 26% of the portfolio. Industrial raw materials -- we're talking copper, steel, coal, nickel. That sector is 24%. Infrastructure is 16% and fertilizer is 11%. These businesses will not be affected, in my judgment, by a slowdown in consumer spending and a continued decline in the housing market."
Roger, thanks for posting about IGF. I like it because it is more diversified than being mostly utilities. I've been buying MLPs so IGF might be a more diversified play.
Paul
scoot -
I have the Heebner fund you're talking about, it's better in a tax-sheltered account due to paying out big capital gains this year, on the order of $7-$8/share.
Roger - long time lurker & have appreciated the perspective you bring forward while trying to grab reasonable market gains while reducing the volatility. Your ideas and alternatives are useful.
Here's a link to some info. about "a Chilean bank" :-)
http://tinyurl.com/yre6fu
Thanks again for the time you put into your blog & Merry Christmas!
r. saunders
Roger,
I tried to find a list of the holdings for IGF and none of the financial web sites are posting them. ( CNN, YAHOO, MORNINGSTAR, CNBC, COMCAST, ETC. Where can I find a top 10 listing of holdings for the ETF or which Co. are included.
Thanks,
BWJR
BWJR - IGF Holdings.
Here's a link to the iShares Site which lists the current 73 holdings in IGF.
http://tinyurl.com/ysfm8j
Google Finance is also a decent source of info. & you can create tracking portfolios for news etc.
Hope it helps.
r. saunders
oops - actually 76 holdings within IGF. Details, details.
r. saunders
thanks r saunders.
the ETF provider site is usually the best place for info. the new focusshares ETFs are the exception to prove the rule.
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