Singapore is acting just like a "trophy asset" should right now...
Several months ago, we covered how sophisticated investors always track world-class "trophy assets"... the impossible-to-replace real estate, brand names, infrastructure assets, and resource deposits of the world. Buying these assets at the right price is one of the surest ways to get wealthy through investing.
We consider the city-state of Singapore to be one of these trophies. Singapore sits at 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 and prosperity.
For a picture of this tailwind, let's look at the past year's trading in the iShares Singapore (EWS), a basket of Singaporean stocks. While the high-debt, high-tax, high-regulation economies and stock markets of Europe have suffered major declines in the past month, Singapore's market has declined just a few points. This trend of "Asia up, Europe not-so-much" is going to last the rest of your life.
Several months ago, we covered how sophisticated investors always track world-class "trophy assets"... the impossible-to-replace real estate, brand names, infrastructure assets, and resource deposits of the world. Buying these assets at the right price is one of the surest ways to get wealthy through investing.
We consider the city-state of Singapore to be one of these trophies. Singapore sits at 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 and prosperity.
For a picture of this tailwind, let's look at the past year's trading in the iShares Singapore (EWS), a basket of Singaporean stocks. While the high-debt, high-tax, high-regulation economies and stock markets of Europe have suffered major declines in the past month, Singapore's market has declined just a few points. This trend of "Asia up, Europe not-so-much" is going to last the rest of your life.
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