If you time a bull
market in emerging market stocks correctly, you can make an absolute killing, doubling or tripling your position or more in just a few years.
This created a boom for the emerging market economies and for commodity rich countries such as Australia, Canada, Russia, and Venezuela, resulting in a tremendous
gain in emerging markets stocks.
The final step, resulting in Portfolio 7, is to add 10 %
in emerging markets stocks, representing some countries with expanding economies and prospects for rapid growth.
The final step, resulting in Portfolio 7, is to add 10 %
in emerging markets stocks, representing countries with expanding economies and prospects for rapid growth.
Most of the gains to be had were
in emerging market stocks and longer - term U.S. government bonds, and we are exposed to both.