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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (41923)	11/22/2003 2:27:54 PM
From: TheSlowLane	Respond to of 74559

mp - I've been keeping close tabs on TDF since I got stopped out of it on the false downward spike back in early September, right before it began the run to 17 (thiefed again, drat!). I didn't jump right back in because by that point, people like Marc Faber were starting to make some cautionary noises about Asia for the short term. I decided to just watch it for a while instead. Long term, I want to have some Asia exposure but would rather buy a fund than attempt to pick stocks. If you look at a chart of TDF from 1997 to the present, it looks like there is a cup and handle formation forming but it needs a little more time (and sideways, not further downward movement) to confirm that, imo.

To: MoneyPenny who wrote (41923)	11/22/2003 5:11:57 PM
From: Raymond Duray	Respond to of 74559

MoneyPenny, Re: I do not know the impetus to the decline. I empathize with you regarding your loss. I've had similar experience with mutual fund investing myself. The lesson I took away from the episode is that some mutual fund "investing" is more akin to being "black box" speculation than actually saving for the future. Personally, I felt frustrated with the opacity of the fund management and the lack of disclosure as to what I actually owned, and how it was being traded. And this was years before the recent scandals over front running, late trading and special trading privileges for preferred customers. I long ago gave up on the naive notion that mutual funds are designed for the benefit of the general public.

To: MoneyPenny who wrote (41923)	12/3/2003 6:05:55 PM
From: Mark Adams	Respond to of 74559

I happened to be looking over the TDF/TEF closed end funds today. I noted this in the June 03 semi-annual report: In efforts to attract foreign investors to Taiwan’s financial markets, the Securities and Futures Commission and the Taiwan Central Bank eased the qualifications and application process of its Qualified Foreign Institutional Investor program by eliminating the investment experience requirement and relaxing the minimum investment size. I sorta remember reading the QFII phrase earlier today in the WSJ- or somewhere- re a limited group of investment banks being allowed to buy into Chinese A shares. Ahh, yes Big Investors Wade Into China, But Focus Stock Buys Narrowly online.wsj.com Could be the Templeton funds managers are limited today in their ability to gain exposure to the chinese A shares, but are looking forward to a day where they can. I think I might prefer the wider range of markets covered by EMF, which also has a good amount of ASEAN exposure. Something from an another article that might be of interest to the thread; I've not checked it out yet. Not all overseas firms work with U.S. clients, though. The best bet: email online brokerage firms overseas and ask about their policy on opening accounts for U.S. investors. Singapore's Kim Eng Holdings Ltd., for instance, accepts U.S. investors and through its Ongline.com unit provides Internet access to trading in Singapore, Hong Kong, Thailand and Malaysia. online.wsj.com Finding Ways To Surmount The Great Wall By JEFF D. OPDYKE Staff Reporter of THE WALL STREET JOURNAL