Hi Chris,
It's difficult to get on the internet on weekdays since I work. Pretty much the only time I can get on is to get up say at 4 AM and get on before I go to work about 6:30 AM. The joys of living overseas!! On Jan 5, I should have some extra money to invest with...I've got all my money into stuff right now...and think I may buy some TGIS and see if it rises to $15 like your analysis suggests.
I think that your finding out the info on TGIS is good and there are a lot of "lurkers" here at SI who look at the strings, make decisions and you never hear from them. So just because few people get involved in your discussion of this or other stocks you're interested in, doesn't mean a large number of people are not noticing!
Okay. So much for speeches. I think my U.S. brokerage only deals with stocks sold on the U.S. stock exchanges. Can I buy a Canadian stock through them if this is so, or would that probably be a "no go?"
I want to do some research on the other stock you are interested in, but this is 5:15 AM Saturday, Japan Time, and I have to give a speech at Toastmasters in a few hours and need to prepare for it. Good stock research for me takes a few hours.
Let me tell you an interesting story on research! Now I could have this all wrong but, I was looking at the CA quarterly report filed with the SEC for 2 quarters ago in which they made a great profit. Under liabilities, it appeared they had almost completely knocked-out money put into R&D that quarter and this was how they were able to show the great profit. The quarter before that they had invested quite a bit into R&D and in my mind a technology company should do this. The moral to this story is that when they did not do well on their most recent quarterly report, I was not surprised.
Okay. So much for philosophizing. You asked why I am in Japan. Well, what to tell you. I'm an American, earn an American paycheck, and until 2 years ago worked in an unconventional occupation. Everything I told you about retiring, getting off the fast track and teaching math is true; a conventional occupation should be interesting.
You asked what I think of the future of the Japanese economy. I think it is poor. Japan's famous economy was built on the hard work ethic and innovativeness of the older Japanese who lived through World War II. Unfortunately, I don't see the majority of their children as having been brought up with that same work ethic. Many of them appear to expect the good things in life to be given to them without much struggle as an adult. If you can get into a good University...graduating from that University and being hired and moving up in a good company is a God-given right. In the U.S. *smile* not much of anything is considered a God-given right when it comes to the workplace and making money! In the U.S. we have some incredible peers, like Bill Gates and the other men and women in their middle years helping lead the U.S. into the 21st century. I may be wrong, but I don't see this in Japan. Thus the stagnation.
I don't like the closed end country funds. It seems too much is left up to chance. Getting into the right country, having a good fund manager. You must admit, in investing personally in stocks, you pass or fail on your own abilities.
Well so much for this! I have to work on my Toastmasters speech... Take care, Denise
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