When it comes to multi currency investing… as the photo above at Google shows we are number one. So many readers have been asking me, “What does this downgrade mean?”
The downgrade and the recent stock market plunge create some special opportunity.
Every equity in my multi currency equity portfolio (sent to you in early June) was down last month.
JI European Equity Mutual Funds Euro – 13%
Suntec Singapore Real Estate Reit Spr$ -1.3
Ishares Maci Latin America USD -14%
Jyske Bank, Copenhagen DKK – 16%
KGHM Polska Miedz PLN – 9%
Brookfield Renewable Power CAD – 2%
Unicredit Euro – 9%
Axel Springer AG Euro – 11%
Sky Deutschland AG Euro – 8%
Silver Wheaton Corporation US$ – 1%
When you see everything in a diversified portfolio drop in this way… the markets are getting oversold. Good value is created.
The US downgrade will have negative global but not everywhere! Some places will profit. This means that uncertainty is creating a sell off not supported by fundamentals.
Everything in Europe of course has been hit due to the European debt crisis. The shares in the Polish mining concern KGHM Polska Miedz especially offers opportunity. Good European banks also offer potential. The German shares especially offer potential when they are down.
The Silver Wheaton shares suggest that smart investors loaded up on the precious metal in anticipation of the downgrade and ensuing panic. Now these investors are taking profit.
This may be a good time to pick up good value Latin and European equities and to sell metals on peaks.
Plus, surprisingly the downgrade seems to have caused the greenback to strengthen. The chart of the dollar to the Brazil real gives an example which shows the dollar falling, falling, falling and suddenly spiking back.
Panic will normally send the thundering herd in the wrong direction. Recent events in both the US (the debt ceiling fiasco plus the downgrade) and in Europe (the added Italian risk) have created so much uncertainty that investors do not know what to do.
Jumping back into the dollar is similar to horses running back into a burning barn.
Watch for panic markets and invest in the opposite direction!
There are five ways to combat the destructive forces of the downgrade that will raise havoc with your purchasing power.
Multi Currency Investing through US brokers and bankers abroad is just one of the five. The others include commodities, real estate, living in lower cost zones and having your own micro business for extra earnings, freedom, fulfillment and fun.
We have specialized for over four decades in helping our readers excel in these five inflation beating sectors and have a full schedule in the year ahead!
Sept 23-24-25, 2011 Investing & Business Beyond Logic, North Carolina with Blaine Watson
(Blaine Watson teaching delegates and International Club members at a previous seminar.)
Oct. 7-9, 2011 International Investing & Business Made EZ, Jefferson, NC.
Feb. 10-11, 2012 International Investing & Business Made EZ Mt. Dora, FL.
March 8-11, 2012 Super Thinking + Spanish, Mt. Dora, Florida
June 22-24, 2012 International Investing & Business Made EZ, Jefferson, NC.
Schedule subject to change. Always check final schedule at www.GaryAScott.com/catalog
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Ecuador Tours by Jean Marie Butterlin, Bonnie Keough & Stephen Milden
Aug. 31-Sept. 1-2-3-4 Ecuador Export Tour
Sept. 5-6 Shamanic Mingo Tour
Sept. 8-9-10 Imbabura Real Estate Tour
Sept. 12-13-14 Coastal Real Estate Tour
Sept. 16-17-18 Cuenca Real Estate Tour
Oct. 17-18-19 Manabi Agricultural Tour
Oct. 25-26-27 Cuenca Real Estate Tour
Nov. 9-10-11 Imbabura Real Estate Tour
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Nov. 18-19-20 Cuenca Real Estate Tour
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