tag:blogger.com,1999:blog-2949218657849719987.post773575149845936854..comments2024-02-10T10:35:20.557+00:00Comments on My contrarian adventure: Investment March 2016: ETF PortugalFredrik von Oberhausenhttp://www.blogger.com/profile/10924238593055161520noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2949218657849719987.post-62191113364327313502016-03-11T09:15:12.437+00:002016-03-11T09:15:12.437+00:00Hi TomB,
PSI20 was started back in 1992 at 3000 p...Hi TomB,<br /><br />PSI20 was started back in 1992 at 3000 points. Today 24 years later it is at around 5000 points. That is an around 66% increase in 24 years or around 2% per year. In the same period the GDP of Portugal have gone from 100 billion $ to 230 billion $, an increase of 130% or 3.5% per year.<br /><br />Today, in my opinion, there is a very large discrepancy between the development of the stock market and the development of the country.<br /><br />Happily this discrepancy have not always remained as such. Periodically the stock market have gone well beyond the development of the country (such as in year 2000 when PSI20 was up at 14400 points and almost the same happened in 2008 when it was up at 13500 point) and yes, I hope that will happen again in the future.<br /><br />I guess we should call these ETF Investments (Russia, Austria & Portugal) for my contrarian Sir Templeton investment strategy. He used to buy almost every company in international stock markets and countries that had crashed. Happily for me it is possible to buy index funds today otherwise my trading fees would have gone ballistic.Fredrik von Oberhausenhttps://www.blogger.com/profile/10924238593055161520noreply@blogger.comtag:blogger.com,1999:blog-2949218657849719987.post-64919527599200503802016-03-11T08:37:06.445+00:002016-03-11T08:37:06.445+00:00Interesting view on both, unemployment and Portuga...Interesting view on both, unemployment and Portugal.<br /><br />ThanksTomBhttp://commentsonpositions.blogspot.co.at/noreply@blogger.com