I live in Hongkong, and travel the region, get to see first hand other markets. These markets are tough to measure, unless PBHG has a true international manager it could spell trouble. Thailand is ready for a meltdown, Real Estate market is headed for a major crash, taking with it banks, finance companies. Korea is corrupt and labor rates are getting on a par with our. Taiwan is expensive and manipulate.
Hongkong is good but with 97 changeover, your living on the edge, the market could crash overnight. The rest of Asia really is small cap,
the accounting method and audits are very suspect.
For instance Jardine Fleming one of the largest fund managers in Asia, fired their managing director for telling key clients what they were going to buy, we are in a vast unregulated market. Buyer beware.
I bought into a yen fund and made 21% you can buy individual stocks in the market if you live here and that seems the way to go. also Fidelity has a presents here and seems to understand the market.
Guys like Burton Biggs come here for two days say their experts and tell everyone to invest in Asian markets, its a hype to sell more product, he doesn't have a clue. I like the US market, even though we are getting wipped lashed this year. Another point, if the dow goes up or down so do these market they follow the dow, if we crash Asia will also.
I forgot to tell you I bought a fool stock ATCT, learned my lesson
dumb and dumber.
Best Regards.
Archie |
