have you any investments already?
No - not yet.
I have 2 views on diversification. If you are a professional and have confidence, then I would advocate lots of concentration. For everyone else, if it’s not your game, participate in total diversification. The economy will do fine over time. Make sure you don’t buy at the wrong price or the wrong time. That’s what most people should do, buy a cheap index fund and slowly dollar cost average into it. If you try to be just a little bit smart, spending an hour a week investing, you’re liable to be really dumb.
No offence but judging by your posting history in you seem to be perpetually in search of the next big get rich quick opportunity!Guys - I know about diversification being the name of the game, and I do diversify.
Only, I do not own anything substantial in the way of volume in Vietnam shares. This would be another way to diversify ( not my lifesavings, understand !)
I simply view it as a long-term punt, and if it shows some evidence re-pricing around $2 ( which again, today, it seems to be doing ) then I will start buying into this fund pretty soon.
Only a few years ago, if someone said they were going to invest in the BRIC countries, many others would have said " Oooohhhh! They're risky, they are. Inflation/ poor economies/ corruption/ communist..etc,etc. Ooohh, no - stay away from them and invest in uk and Irish banks ( much safer bet - listen to me !)". Ha.
vietnam increased interest rates today to the highest in asia and let their currency fall. not a good time at all to be investing there
Then you should invest in Israel: http://www.nytimes.com/2008/06/08/o...13675200&en=06413738764dfa0e&ei=5070&emc=eta1and as Warren Buffet says... buy when others panic !!
Maybe it's time to grab the Dong before it shoots up again?
Snap!? Maybe you should put it in a splint?Snap - I only asked Mrs. V to do just that last night.
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