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Finance & Stock Groups Forum Index » Mutual Funds » Good books on investing in emerging markets?
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| Phil |
 Posted: Wed Jul 04, 2007 5:32 am |
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Does anyone have any suggestions on books focusing on investing in emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
--
Phil |
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| FrediFizzx |
| Posted: Wed Jul 04, 2007 11:03 am |
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"Phil" <nice@try.to> wrote in message
news:468af8b2$0$4683$4c368faf@roadrunner.com...
Quote: Does anyone have any suggestions on books focusing on investing in
emerging markets, especially in the years after 2003? I would like to
know what I'm getting into a little better.
I think I already gave you Ken Fisher's book which has general global
investing advice. What is there to know? Emerging markets are hot
right now and have been for awhile. Get in. But be prepared for more
volatility. I'm in VWO ETF and has been doing very well this year.
Fred |
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| Sandra Loosemore |
| Posted: Wed Jul 04, 2007 2:45 pm |
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"Phil" <nice@try.to> writes:
Quote: Does anyone have any suggestions on books focusing on investing in emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
I'm not sure you're likely to find anything really useful. Economic
conditions in emerging markets change so quickly that by the time one
could write a book about it and get it published, the information
might very well be out of date. For instance, I'm sure the situation
with Chinese markets is very different now than it was in 2003, when
people were more worried about SARS than tainted toothpaste.
FWIW, I don't think anyone really needs concentrated emerging-markets
exposure in their portfolio. Most diversified international funds
already include holdings from emerging-markets countries, and/or
multinational companies that do significant business in such
countries. I'm personally in the camp of wanting to give my fund
managers the freedom to invest wherever they see the best
opportunities; after all, they have a staff of full-time analysts who
have much more country-specific knowledge than I could every hope to
have as an individual investor.
-Sandra the cynic |
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| Steven L. |
| Posted: Wed Jul 04, 2007 2:45 pm |
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Phil wrote:
Quote: Does anyone have any suggestions on books focusing on investing in emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
Jim Rogers' books are both fun and informative in an easy-to-take way.
I learned a lot from "Investment Biker"--but mostly by reading between
the lines. He's written a couple new books since then to cover new
material, that I've been meaning to read too.
http://www.jimrogers.com/
--
Steven D. Litvintchouk
Email: sdlitvin@earthlinkNOSPAM.net
Remove the NOSPAM before replying to me. |
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| Ed |
| Posted: Thu Jul 05, 2007 1:51 pm |
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http://www.ecola.com/listnews.php
"Phil" <nice@try.to> wrote in message
news:468af8b2$0$4683$4c368faf@roadrunner.com...
Quote: Does anyone have any suggestions on books focusing on investing in
emerging markets, especially in the years after 2003? I would like to
know what I'm getting into a little better.
--
Phil
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| David |
| Posted: Thu Jul 05, 2007 1:59 pm |
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On Jul 4, 2:32 am, "Phil" <n...@try.to> wrote:
Quote: Does anyone have any suggestions on books focusing on investing in emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
--
Phil
As Sandra says, books about emerging markets specifically will be out
of date by the time you get them. An alternative is a couple of books
you might consider that tell you how to decide which countries are
doing well. These are both by Gerald Appel and are "Technical
Analysis" and "Opportunity Investing". He shows that over the last 15
years the funds that did best over the next 3 or 6 months were those
with the highest short term Relative Strength in the preceding 3 or 6
months. Those that did worst were those with the worst Relative
strength.
At any time you look at a table of funds with performance over the
last 3 or 6 months and pick funds to invest in from the top 10%. Each
3 or 6 months you review these, selling any that are no longer in the
top 10% and buying replacements that are. He also suggests going for
lower volatility funds.
In terms of countries the iShares seem to have a good set, in the UK
anyway. These are valued in GB Pounds so currency exchange rate
changes are included. The best iShares over the last 6 months, from
the 50 quoted in the UK, were:
iShares MSCI Turkey
iShares MSCI Brazil
iShares MSCI Korea
iShares MSCI Emerging Markets
iShares MSCI AC Far East excluding Japan
Over 3 months, the best were
iShares MSCI Brazil
iShares FTSE Xinhua China
iShares MSCI Korea
iShares MSCI Turkey
iShares MSCI Emerging Markets
Obviously not much change whichever period you take.
If you are in the USA then you should look at the relative strengths
in dollars but the ranking will probably be similar. |
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| Flasherly |
| Posted: Thu Jul 05, 2007 6:16 pm |
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On Jul 3, 9:32 pm, "Phil" <n...@try.to> wrote:
Quote: Does anyone have any suggestions on books focusing on investing in emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
--
Phil
Getting into news, analysis and opinions, along with what everyone
else does, watching their hindsides. You can buy into mutual fund
concepts, but, performance wise, the bottom line is where they're at
alongside an appropriate index. If it's not easily apparent across
performance gauge, a derivative from peer rankings, you own a piece of
other factors, such as risk orientation, discretionary management
shifts, weighting and blending. May as well read the prospectus, in
other words.
What most conspicuously comprise the markets for most traders are
equities. Everything is a sell, except not all pan out. That's the
job. No getting around it in books. Books explain the rules, but no
single book can claim to do your job. That, you have to do. Show up
to the job suspecting what others want to sell you, something you'll
make less money on, in order for them to make more. Hands-on
experience will temper an attitude, but there's no excuse for not
keeping abreast with information if it's a proactive position as a
trader you're contemplating. Loss and gains are direct and immediate
correlations to judge the personal worth of an individual investor. |
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| Guest |
| Posted: Thu Jul 19, 2007 2:04 am |
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On Jul 3, 8:32 pm, "Phil" <n...@try.to> wrote:
Quote: Does anyone have any suggestions on books focusing oninvestingin emerging
markets, especially in the years after 2003? I would like to know what I'm
getting into a little better.
--
Phil
Top investing books:
http://www.moneyhowto.com/investing_books/
gdz,
Global Investors Community. Making money instructions
http://www.moneyhowto.com |
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