Tuesday, December 10, 2013

Too late to buy US Stocks, too early to buy Emerging markets

Now we have a very large valuation discrepancy between the US and the emerging markets. So what you buy today - Do you continue to buy the US that may still rise or do you gradually move to emerging economies? 

I think it is too late to buy the US and it is probably too early to make a major commitment into emerging economy stock markets, because the growth in emerging economies will be slower in the next 3 to 5 years than it has been in the past 3 to 5 years, so I think that there will be still be some disappointment.