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I want to invest in a Euro ETF to make some quick money...I think the June 17 elections in Greece are obviously going to elect a pro-bailout government and the Euro will shoot up quite a bit...
The polls may indicate otherwise but if they do not elect a pro bailout govt Greece is going into an apocalyptic black hole and they know this well.. the Greeks may talk big but in the end they will chicken out and stay in the Euro because the alternative is much much worse
The polls may indicate otherwise but if they do not elect a pro bailout govt Greece is going into an apocalyptic black hole and they know this well.. the Greeks may talk big but in the end they will chicken out and stay in the Euro because the alternative is much much worse
Isn't the Greek stock exchange worth like 10% of what it was a decade ago? How exactly does it get wore from here?
Interesting topic. I have been wondering if I need to stop contributing to my international fund that has about 30% in European markets. Ideally the European market will come back. The question is when and how far will it drop before recovering? Is it wise to pull out of these funds or continue to sink more money into them in hopes of making money when they recover? I have been lamenting over this ever since the issues started. Any thoughts?
Did you put any thought into your asset allocation plan when you started? If you did then just leave it. If you arent trading and yet decide you are going to make seat of the pants changes because of news then you are setting yourself up for buying high and selling low.
I had thought about that. I guess I am a little spooked with how lousy the European market is doing. I thought maybe it was time to cut my losses. So tired of losing ground!
You could do an ex-EAFE fund if it makes you feel better, but I'd be worried about making exceptions after things have gotten bad. Either you set up provisions in your plan where you say at X% drop of any particular fund I will sell it or you sit still and accept blow ups in certain areas are just volatility you have to live with and ride them out. But don't make up the provisions along the way.
Isn't the Greek stock exchange worth like 10% of what it was a decade ago? How exactly does it get wore from here?
its at 1992 levels
as to how much worse it could get , one hundred years ago , argentina was the 8th wealthiest country in the world per capita , greece can go much lower
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