Macron, France, Euro$, ECB...a few related observations. HEDJ etf Macron won, 2-1. Holy landslides, Batman. When I started investing, (2002) I stayed away from Europe. Old money. Dead money. Asia was charging ahead. I owned Matthews, back then. The Financial Crash caused by the criminal banksters struck the periphery hard: Ireland, Spain, Portugal, Greece. Italy, too. And there are still systemic issues to be dealt with ... Was Ireland able to climb out of crisis sooner than the others--- via a new Austerity--- because it is smaller and more homogeneous? I just don't know. Lots of ANGRY people, when suddenly, WATER became a metered commodity. I lived in a town here in the States years ago, at the bottom of the Northern Panhandle of West Virginia below Wheeling, where even in 1992, water was not metered.
My holding in PRESX about 18 months or 2 years ago (TRP Europe) went nowhere, at break-neck speed. I guess I missed the sudden upsurge on the heels of easing by the ECB. (Draghi.) I dumped it. Currently, my PRIDX is doing much better. Its portfolio is pretty evenly split between Europe and Asia. A smattering in Latin America (4%.) Is the PRIDX fund Manager just better at stock selection than the PRESX guy, with regard to the EU portion of holdings? Of course it may be that Asian holdings doing so well today may serve to cancel-out any EU under-performance within the fund. Within the overall portfolio, PRIDX holds 15% in GB, and 28% in DEVELOPED Europe. I'm just thinking out loud--- so to speak.
What I'm wondering is: just how un-dead has the EU become? Investing strictly in Europe got me nowhere, 2 years ago..... I don't think I'd own a dedicated-Europe fund again, anyhow, but since I own PRIDX now, I'm simply wondering...
Paul Merriman: Try This Low-Cost Portfolio With Massive Diversification
Josh Brown: Into The Teeth Of The Next Bear FYI: Just a little thought experiment –
The last time the US stock market (S&P
500) registered a peak-to-trough decline of 20% was in October 2011. We had another bear market beneath the surface from 2014 through the mid-point of 2016, in which the median S&P
500 stock had lost 2
5% while small caps and international stocks fared much worse, but it didn’t exactly ding the major averages quite badly enough to count as an “official” bear.
Regards,
Ted
http://thereformedbroker.com/2017/05/09/into-the-teeth-of-the-next-bear/
Miss The Bull Market? Investors Say The Next One Will Be Overseas
Rondure Funds now open Quite so, Ted. But I was asking about tendencies, not certainties. I did not loose very much in the stock portion of my portfolio after the big market downturns of the past few decades because for the most part I had avoided investing in the high flyers that fell so far. A fund manager can do the equivalent. For instance a portion (say 15% ) of assets may be kept in cash at such times as a downturn seems inevitable. I know Rondure is bottom up style in its stock picking but sometimes you don't need to be a meteorologist to see a storm coming. Also although past positive performance is no predicator of future gains, past losses may possibly tell a bit more. (Or not). Anyway, thank you for responding, I appreciate it.
