What is the best foreign stock exchange for an American to buy on for long term gains?
I'm looking to make a few investments to hold onto for the next 2-4 years. I was wondering if anyone had any input as to what would be one of the more lucrative bets based on future currency predictions. I was interested in buying a few stocks on the Tokyo Stock Exchange but from what I read the Dollar is supposed to strengthen against the Yen in the coming years so I figured I'd ask for your guys opinions. Any input would be greatly appreciated.
Public Comments
1. If i had the money but i dont because im 13 lol.
I would invest in baidu.
Its JUST LIKE google except in china.
Its about....3 times less than Google though at 110 dollars a share.
And if im right i believe this will go over just as google has because of the shape China is in right now.
So Baidu.com. is the way to go. :)
2. Being in US you can buy only ADRs or stocks listed in US, I guess. Search for good ADRs. Offshore software firms are a bet until the next technology comes. Cost cutting will make more companies to rely on offshore jobs and cheap suppliers. Look for those areas. eg. INFY, CTSH etc.
3. i'm a big fan of the HKEX, personally.
4. About the last place on earth I would invest is Japan. Their companies may seem prosperous but profits do not seem to go to shareholders.