Time For Crisis Investing In Argentina, Again?
By Investment U:
By Carl Delfeld
You probably agree that nothing gets the blood pumping like making a lot of money in a relatively short time. But to do this you need to think differently than the herd and see a crisis as an opportunity. While you'll find the best values in the midst of, or following, a crisis, you need to approach the crisis in the right way. Let me share with you my three crisis investing rules as applied to Argentina.
- Avoid the temptation to invest in the vortex of the crisis; wait for the dust to settle and the story to fade from the front page.
- Identify and monitor a target company (or group of companies) and confirm value and prospects going forward.
- Put in place a sell stop just in case you're wrong.
Argentine Gambit #1
This brings me to Argentina, where pessimism is in the water and aComplete Story »