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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)

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To: doormouse who wrote (19)8/29/1997 6:14:00 PM
From: Real Man   of 94
 
/k1b0, I have dumped everything, and might go 100% TRF + RNE. My
concern is that the DOW and Europe seem to be way overvalued,
they might go down. The outflow of money might drag Russia down
as well. This is happening now, IMO. When I'm in, long term, I hope for 10x in 10 years. By the way, I heard that Moscow and
St.Peterburg are booming. I also heard that it's pretty bad elsewhere.
Those $$ that buy BMW had to come from somewhere. Obviously,
they came from so-called privatization, which made golden
rain for some (in Moscow), loss of life-time savings for others
(pensioneers). So it's not wealth that's generated -just
redistributed. You had to be close to the places of distribution.
Poka, -Vi
P.S. Obviously, I know nothing about Russia. I have NEVER been to
the country!
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