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How Much Risk Are You Willing to Endure?

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For the ultra-aggressive investor, there are a plethora of options overseas...

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With investors constantly seeking new opportunities, many choose to dive into foreign markets.

Some of the reasons for doing so are:

  • Portfolio diversification
  • Exposure to faster-growing economies
  • Exposure to faster-growing markets
  • Exposure to undervalued stock markets
  • Exposure to foreign commodity markets
  • Investment or trading in specific foreign stocks.


There's London:



Frankfurt:



And Paris:



But, for the ultra-aggressive investor, there are a plethora of other options:


Sudan

Maybe it's worth considering parking a few dinars in downtown Sudan's Khartoum Stock Exchange, conveniently located in the country that Foreign Policy magazine ranked #1 on the 2007 Failed States Index, which tracks twelve different political, economic, military, and social indicators of instability.



The KSE opens its doors daily at 10 am for a one hour trading session "five days a week except Thursdays and Fridays" as they say on their website.


Iraq

There are 93 companies listed on the Baghdad Stock Exchange, in the heart of the #2 country on the Failed States Index. Trading hours are from 10am to 12:30pm Monday and Wednesday. The opening bell is a repurposed door buzzer, and until recently, the trading floor was the dining room of a former Chinese restaurant in the Al Mansour Hotel:


The Al-Mansour Hotel: not exactly the NYSE


In Baghdad, IED is not a ticker symbol…


Nepal

131 companies trade on the Nepal Stock Exchange, including the Yak & Yeti Hotel Ltd. and the Juddah Match Factory, Ltd.

Trading is conducted Sunday through Thursday, 11am to 1pm.


Singhadur plaza, Kathmandu's Wall Street


Ghana

Not quite unstable enough to make the Failed States Index, the official website of the Ghana Stock Exchange explains: "Trading happens three times per week, from around 9 a.m. to around noon, if there is enough activity to keep it running that long."


The Big Board


Frenzied activity on the floor of the GSE


Mongolia

Just stable enough to avoid the FSI, there were five trades executed on the Mongolian Stock Exchange between June 11, 2007 and June 15, in what used to be the Children's Cinema, just off Lenin Street on Sukhbator Square.

The exchange is open from 11am to noon, Monday through Friday, with 21 companies listed.

Get in while the getting's good-D. Bayarsaikhan, Chairman of the Mongolian Stock Exchange, says, "For foreign investors, we do think it's profitable to invest, especially mining and tourism companies."


The MSE in Ulan Bator


A Mongolian herdsman with his "stock"


Zimbabwe

Unemployment is near 80% and the country ranks an impressive #4 on the FSI, but the doors to foreign investment have been open since 1993. Growth investors-the Zimbabwe Industrials Index is up 595% since the beginning of the year and 12,000% over the past twelve months.


"Hmmm…should I go with TD Ameritrade or Schwab?"


Fiji

Not a failed state, but plenty of excitement, anyway. The South Pacific Stock Exchange, in Suva, Fiji, is the world's smallest exchange. Today's volume: 450 shares traded at a total value of Fiji$900 ($563.57 USD).

Oversight is strict however, with five full-time staffers.




Kurdistan

Although there's no stock market in the country, it shouldn't be too long, as capitalism seems to be taking hold quite firmly:



I'm hungry. Anyone else up for a Qua Pounde?

No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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