« Putin Warns Against Buying Dollars | Home | Belarus: New Haven for Offshore Cash? »
Crash creates opportunities in Latin America
By admin | October 26, 2008
While my co-editor Richard has just written a fascinating article for Q Wealth Report on the rise of the east, regular readers know that I am bigger on Latin America. That doesn’t mean I disagree with Richard’s predictions (quite the contrary in fact) but I simply understand better Latin America and Europe. By definition, one can’t be an expert on everything.
Somebody whose opinion I greatly respect on Latin American investments is Gary A. Scott, and he recently posted on his blog an interesting insight into why Latin American markets have taken a beating, although the fundamentals are not so bad. This has created opportunities galore for investors.
But to invest in Latin America, the old saying “You don’t know until you go” applies more than ever. Latin American investing is for those of us who choose to live here in the region. There are lots of excellent lifestyle reasons to live in Latin America and the Caribbean, and not just the relatively low cost of living. I’m talking of course about beaches, food, and friendly people.
Jyske Bank says, in a recent multi currency emerging market update:
“Dante has again sent the emerging markets into purgatory and although all countries are hit hard at the moment, those countries which have been living modestly must also be the ones that will end in Heaven instead of ending up in inferno… We maintain that the Latin American countries are in a better position than the Central and Eastern European countries. But as long as we are in purgatory, nobody is unaffected.”
But as Gary says, bad conditions in emerging countries now create extra good business opportunities. Read more of Gary Scott’s commentary on Latin America…
Sphere: Related ContentNo related posts.
Topics: Offshore Wealth Creation | No Comments »
Comments
You must be logged in to post a comment.