Discussion in 'Trading' started by A4 investments, Nov 4, 2010.
What do you guys think about the brazilian market?
Brazil has worked very hard through structural reforms in recent years and has improved its fiscal and monetary policies with great improvement. Some of the achievements were: lowering inflation, reducing net debit to 40% of GDP, paying off its international monetary fund loans, agressively boosting its foreing reserves to $200 Billion, achieving an investment grade rating for its debt. No doubt that Brazil has matured as a country and its moving fast towards becoming a major force in the global economy.
You're a little late to the party. EWZ, an ETF holding Brazilian company stocks have been averaging 30 - 40% per year.
Keep buying it?
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