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As The World Turns -- Episode One
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Marketocracy has said that the blog's Portfolio Page should be available some time this week. It will list all current positions including cash and returns. So, once more I am postponing my discussion of basic criteria and overall list of stocks. With the US given over to the bears for the duration of this Contest I need to beef up my fund with additional, rising, foreign stocks. There may be a bubble about to burst in the recently popular foreign-investing market; however I'm hoping it isn't as drastic as the current US downturn. How do I find rising foreign stocks? I read the free, overview, "Money and Markets" newsletters on foreign investing then try to find the kinds of stocks they talk about without subscribing to their paid publication. The economies of China and Brazil have both been growing, as you probably know, and they trade a lot with each other. M&M's overall advice is, "If China is buying it, buy it. If China is selling it, sell it." In other words, if China is importing the product, like steel and metals for their burgeoning industrial growth, they'll be sponging up the world supply for some time; therefore a provider's stock will rise. If China has started to sell a product, like cellphones, pretty soon no other country will be able to compete and you'd better sell any unfortunate shares you own. M&M suggests a look at the growing number of global ETFs based on various countries and styles. However, I have allocated to Short ETFs the small ETF portion allowed in the Contest fund. A "Motley Fool" article mentioned that a bank stock can be an alternative to buying a foreign ETF because the bank's fortunes are likely to rise along with the economy of the country, or countries, they are supporting. I already found and added India's HDFC Bank (HDB) and Brazil's Banco Bradesco (BBD). Uniao de Bancos Brasileiros (UBB) is another rising bank stock in Brazil I may add. However UBB's price to sales and price to book look incredibly high. Does Yahoo really have the right figures? Also, articles about global ETFs mention some of the companies they invest in. Look for a blog discussing such a company and you'll find comments about additional promising companies in that country. Look for a list of competitors at a financial-research Website and, in addition to dismally performing US stocks, you often find more, rising, foreign companies. Here are some candidates I've found so far: These stocks are going up and the company fundamentals look OK. But do the criteria for fundamentals I apply to US companies work for foreign stocks, too? Will all the foreign companies I want trade at Marketocracy? Tune in next time. To be continued.... | ||
Comments (1)
"somestrangetextvista"
Edit from ToroAndBruin: The above is the sum total of a comment I received. It looks like the name I would give an experimental file. Was someone trying to include file contents into a comment?
Posted by er445er14 | October 6, 2007 7:18 AM