International Investments – September 2006 International Investments Major Market Value Analysis

by | Sep 17, 2006 | Archives

Spotting good international investments requires spotting good value. Our friend, Michael Keppler, continually researches many international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return. He compares each major stock market’s history. From this he develops his Good Value Major Stock Market Strategy. His analysis is rational, mathematical and does not worry about short ups and downs.

Natural Health Ayurved– See the Big Picture on How to Improve Health Through Responsible Travel
Ecuador Real Estate – See why Hotel El Meson de las Flores Offers A Healthy Choice for the Guests, Community and Environment

First let’s update international investments with a summary of Keppler’s current comments on recent developments & outlook in international major equity markets.

Last month the major stock markets recovered strongly, achieving their highest monthly returns since November last year. The MSCI World Total Return Index (with net dividends reinvested, December 1984=100) gained 2.6 % both in local currencies and in US dollars and 2.3 % in euros.

Year-to-date (through the end of August), the MSCI World Total Return Index gained 6.1 % in local currencies, 9.5 % in US dollars and 0.9 % in euros.

All eighteen markets covered here advanced in August.

Denmark (+6.2 %), Belgium and the Netherlands (both up 4.5 %) performed best.

Norway (+0.2 %), the United Kingdom (+0.5 %) and Austria (+0.7 %) performed worst.

Year-to-date, all major markets covered here remain in positive territory, with Norway (+15.3 %), Spain (+14.3 %) and Hong Kong (+13.1 %) gaining most.

Japan (+2.2 %), Austria (+3.7 %) and Sweden (+3.9 %) came in at the bottom of the 8-month performance ranking. All performance numbers are in local currencies unless mentioned otherwise.

There is one change in Keppler’s performance ratings this month: Denmark is downgraded to “Sell” from “Neutral”.

The Top Value Model Portfolio, which is not affected by the change, contains Belgium, France, Germany, Hong Kong, Italy, the Netherlands and Singapore at equal weights. Keppler’s current ratings suggest that these markets offer the highest expectation of risk-adjusted returns.

SELL CANDIDATES of Low Value are Austria, Canada, Denmark, Japan, Switzerland, U.S.A.

NEUTRALLY RATED MARKETS are Australia, Norway, Spain, Sweden, United Kingdom.

You can get ideas on shares in these top value emerging stock markets from Thomas Fischer at

For more details on Keppler’s analysis, contact Roderick Cameron at 1-212-245-4304 or email

Join Merri, Currency Experts from Jyske Bank and me at our next International Business and Investing Made EZ course in Ecuador. Review which current markets offer good value. Meet Steve our man in Ecuador and learn about products to export. Meet Dr. Andres Cordova and learn about owning real estate in the Galapagos. Go to International Business and Investing Made EZ in Ecuador

Double your profit potential with the MultiCurrency Sandwich. Leverage investments in top value markets. See Annual MultiCurrency Sandwich Service

Natural Health Ayurved – See the Big Picture

Good health comes from seeing a total picture. We cannot be individually healthy on a sick planet or in sick societies.

One new idea to watch, to help our planet and from a business point of view, is responsible travel. Here is a guideline sent by a SRI (Socially Responsible Investor) for travelers to ask the hotels and resorts where they stay.

“Since most accommodations have not had their business practices verified by an independent third-party, we’ve developed a list of questions for consumers to ask hoteliers before booking:

“Ask the hotel or lodge that you contact if they have an environmental or sustainability policy. If they don’t know, or if it’s not in their marketing materials or on their website, then it probably means they don’t have one.

“Ask them how they identify, measure and manage their contributions to environmental conservation, socio-cultural preservation, and community economic development? What specifically have they done to protect the environment?

“Do they work with any local non-profits? Which ones?

Ask them how they benefit the local communities where they operate. Do they only hire local people for entry level as well as managerial positions? Do they purchase locally grown or organic food from local farmers? Do they hire local guides?

“Ask them how they reduce waste and conserve electricity. Do they have a recycling program? Do they use non-corrosive, biodegradable laundry detergents and cleaning products? How do they treat waste water?

Ask them if they have any information on how their guests can support local conservation efforts? Do they have any information on local cultures and customs? Do they have a trip philanthropy program in place?”

Ecuador Real Estate – A Healthy Choice

We hope our hotel El Meson de las Flores sets a big picture standard for healthy travel. The hotel is owned by a charitable foundation. All profits go back to charity and the hotel offers a soup kitchen for the poor plus a free children’s library. In addition we pay staff above normal wages and adding alternative energy sources to run the hotel in an efficient way. Learn more about El Meson at International Business – Snapshots of One Area

Until next message, good international investing and international business!


P.S. Enjoy the following services and courses in Ecuador in the autumn and winter of 2006-2007.

October 12-16, 2006 – Learn how to learn, retain and process information better + Spanish. Super Thinking + Super Memory + Spanish

November 9-12, 2006 – International Business and Investing Made EZ – Ecuador

November 13-15, 2006 – High Andes Tour. Discover the Mystical Andes

January 5-7, 2007 – Inspired Investing beyond Logic. Vedic Astrology in Ecuador

January 8-10, 2007 – Ayurvedic Cleanse.

Jan 12-14, 2007 – Join Merri, Todd and me for a Wedding Photography Course

Todd Smith Photo

February 2-8, 2007 – Learn how to Earn anywhere through Import – Export. Gary & Merri Scott’s Import/Export Expedition in Ecuador

Any time that space is available. Rejuvenate your health with a week’s R & R at El Meson. See R&R at El Meson

Any time that space is available. Stay a month in El Meson and enjoy the full winter sun. El Meson de las Flores Hometel