As we near New Year's Eve, it's time to look at how one of the secrets of rich investors played out in the stock market in 2009.
You see, seasoned investors monitor a handful of the world's best trophy assets. These elite assets include Miami condos, Canada's huge heavy oil deposit, Hong Kong skyscrapers, and Freeport-McMoRan's monster Grasberg copper mine. The best investors look to buy these trophies during a crisis... when prices reach "fire sale" 50%-75% discounts. After all, trophies are the best... so they tend to rebound in price.
One of these trophies is the tiny Asian city-state of Singapore. Singapore sits in the center of the booming East Asia/Australia region. It's currently No. 4 in MasterCard's world financial center rankings. It's home to the world's largest water port. Most importantly, it's considered the world's easiest place to set up and conduct business. All of this creates a powerful tailwind for Singapore investments...
Like all assets, Singapore stocks were crushed early this year. But as you can see from today's chart, the big Singapore fund is soaring right now... and sits at a new 52-week high. It pays to buy trophies.
You see, seasoned investors monitor a handful of the world's best trophy assets. These elite assets include Miami condos, Canada's huge heavy oil deposit, Hong Kong skyscrapers, and Freeport-McMoRan's monster Grasberg copper mine. The best investors look to buy these trophies during a crisis... when prices reach "fire sale" 50%-75% discounts. After all, trophies are the best... so they tend to rebound in price.
One of these trophies is the tiny Asian city-state of Singapore. Singapore sits in the center of the booming East Asia/Australia region. It's currently No. 4 in MasterCard's world financial center rankings. It's home to the world's largest water port. Most importantly, it's considered the world's easiest place to set up and conduct business. All of this creates a powerful tailwind for Singapore investments...
Like all assets, Singapore stocks were crushed early this year. But as you can see from today's chart, the big Singapore fund is soaring right now... and sits at a new 52-week high. It pays to buy trophies.
No comments:
Post a Comment