Anyone invest overseas?

[Special K]

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Naustica
I've some Brazilian ADRs.

Which ones?

BRP, TMB, TSU. All telecom. All three pay small dividend.

Do you buy/sell individual stocks as a means to save for retirement, or as more of just a hobby/way to try and make some money on the side?

 

[ponyo]

Originally posted by: Special K

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Naustica
I've some Brazilian ADRs.

Which ones?

BRP, TMB, TSU. All telecom. All three pay small dividend.

Do you buy/sell individual stocks as a means to save for retirement, or as more of just a hobby/way to try and make some money on the side?

I traded full time from home for 5 years during the dot com era. I made crazy money just like everyone else during the boom and then almost lost it all during the bust.

Now I just trade for fun and on the side. I've full time job running my business and don't follow the market daily like I used to. It's far less stressful, and I don't have to take the risk that I used to take when I traded for income. My holding periods are now generally longer, and I tend to bottom fish on beaten up blue chips paying dividend or out of favor companies looking for turnaround.

 

[imported_Lothar]

Originally posted by: edtsui
I have some projects in Nigeria that are suppose to have HUGE payoffs.

Heh...That country is virtually an IPO free for all.
The Nigerian Stock benchmark index has risen 400%+ over the past 8 years.

The last time I went to Nigeria(Summer '06) I bought $50 worth of shares in Benue Cement Company at ?5.00/share.
To wet your appetite, that company is now trading at ?44.00/share, representing an increase of 800% in a year.

I'm told by my uncle that his friend invested $15,000 worth and walked out with $90,000 all in 1 year.
Imagine, this was a person who used to work at Schlumberger as an engineer, ordered some books to read about stocks, and went to Nigeria to use what he learned.

I unfortunately can't throw much money in the NSE because there is not enough numbers/statistics for me to crunch and analyze, no way to verify accuracy of numbers/company reports, inefficient trading system(can take 2-3 to trade shares through a broker rather than minutes), and I don't like the idea of just throwing money over there and telling someone to manage it for me.

There's also no telling when the next military coup might occur bringing about a dictator government.

 

[imported_Lothar]

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Naustica
I've some Brazilian ADRs.

Which ones?

BRP, TMB, TSU. All telecom. All three pay small dividend.

Telecoms and utilities are one of the best type of stocks to own in the emerging markets. :thumbsup:

AMX(a Mexican telecom) is the top holding in our Latin American fund.
They recently paid a dividend of $1.861/share on Nov. 1