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How egos and the IMF torpedoed Argentina By Michael Molinski, Investing Across Borders April 2002 The International Monetary Fund is back in Argentina, waving the promise of more loans as if it were the countrys savior. How short our memory is. How desperate Argentina must be to accept help from the very organization responsible for its fiscal mess.
The European alternative: Five growth stories for 2001 By Eric Uhlfelder, Investing Across Borders April 30, 2001 These are certainly difficult times to make a buck on Wall Street. But what if you could turn back the clock and buy Southwest Airlines when it had just left the gate or WalMart before it became a household name? Well, you can, by looking across the Atlantic and into the burgeoning European bourses. For those who have not tracked whats been happening on the continent over the past decade, theres a whole range of investment opportunities trading on stock exchanges from Dublin to Milan. Over the last half of the 1990s, performance of the 10 European markets initially participating in common currency [a.k.a. the eurozone] virtually matched US equities, soaring more than 26 percent annually in local currency terms.
Market downturns: Fight or flight By Stan Sinberg, Investing Across Borders I don't know about you, but personally, I get nervous when financial experts advise me to "remain calm." So lately I've been pretty nervous. Because in the wake of the rapidly falling stock market, I keep coming across market experts on TV and in print urging me to keep my head on my shoulders, that this is just a market "correction." And all I'm thinking is, "Hey! My portfolio didn't need correcting! It was doing just fine, thank you very much." Meanwhile, we hear prudent-sounding people talking about the long term and starting a lot of sentences with the word "historically." Even the beariest of bears couch their warnings as "seeking shelter" or "providing cover" or "taking refuge." It's like a fire marshal instructing you on how to escape a burning building: "Walk, do not run. Stay calm. Everything will be all right."
Ten rules for the global investor By Michael Molinski, Investing Across Borders April 2001 In spite of some recent gains, U.S. stocks are arguably still in a bear market. A short-term thing? Maybe. But what would happen to your investment portfolio if the U.S. market did nothing for the next five years? Or the next ten? Its happened before. U.S. stocks actually declined in the decade from 1971 to 1981. And after the decade-long stock market boom of the 1990s, the timing seems precipitous for another long bear. If youre just getting started in global investing, or if youre looking to expand the international portion of your portfolio, heres 10 rules to keep in mind when taking the plunge:
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