9-18-04 - 1


I'm a worrier. I can't believe the amount of money I could have made buying property, it's just sick; I could be close to retirement now !!! Now, I think it's too late. The housing market looks dangerously close to a major collapse to me. Maybe it won't, but maybe it will. In fact, it's making me think about getting completely out of the American stock market. I'm worried about a massive crash in the US economy, driven by the debt and lack of spending power of our consumers. Emerging markets have roughly doubled in the last year; unfortunately I didn't have the balls to get into them heavily. Now, I need a good opportunity to get out of the US market. A good value opportunity in a foreign market is what I need; I little dip overseas, or a dip in the exchange rate, and I'll buy out of the US en masse.

This is part of a principal of investing - you need opportunities that are safe enough that you can get into them heavily. Something like the Chinese market looks very appealing, but if you only put $1,000 into it, even if it goes up 10% (very nice), that's $100. To make big money, you have to commit big money. You make more by putting $10,000 into a plain savings acount that gives 2%.

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old rants