Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (19080)	5/19/2002 2:06:12 AM
From: LKO	Read Replies (2) of 74559

Late response here... I must take back my un-PC statement as it is not backed up by Nigerian-scam type statistics. un-PC is what keeps life interesting. Only the severely humor-impaired will have trouble with that. You had wonderful links there. I do believe there is a strong correlation between a nations quality of life and ethics in public life, but what has that got to do with stock investing ? The Canadians have always been really nice but does that mean you should have bought all those stocks they used to sell (and maybe still do?) in the Vancouver Stock exchange ? You research is more sophisticated from those links, but I know the list from those nice folks at Transparency International who try to tackle a hard job transparency.org Indis merely at 71 on a list of 91. Nigeria is almost the winner at 90. P.P.S. are you thinking of investing in India? As a small time buyer-seller of used stocks, I find it too pompous to think about investing in whole countries but if what they say is right, having claims on non-dollar denominated corporate profits is what I am looking at. I have owned investment in india through Infosys ADR (INFY) I have owned indirectly in China through Celestica (CLS). They lost me less money than others stocks is the best I can say about it so far. <G> Just getting the country right does not seem to help me much and those country-specific mutual funds do not seem to have a track record either. However, China and India, if one can find the right vehicle (and that may be a really big if for retail individual investors), seem to be a good bet to me right now...though I know they are far from a sure bet. Both seem to be large countries with growing middle-class which should, if things go right be a place to generate economic growth. Ofcourse I knew the downsides in bits and pieces, but the "Jay Chen list" really was a great way to get insight into the downside of why things may not work atleast in India<G>

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