Audible Audio Edition
Listening Length: 1 hour and 9 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Efficient Alpha
Audible.com Release Date: February 12, 2016
Language: English
ASIN: B01BO2GZMO
Best Sellers Rank: #40 in Books > Business & Money > Finance > Financial Risk Management #68 in Books > Business & Money > Investing > Mutual Funds #455 in Books > Audible Audiobooks > Business & Investing > Personal Finance & Investing
This was one my favorite books by Joseph Hogue, maybe because I live in an emerging market and I know firsthand on the risks and opportunities that lie here. It makes you think that the world is larger than the tiny lot you're spending your days on. And no, watching news frantically is not necessary to get a healthy return from your foreign investments. When I hear about emerging markets, the first thing that comes to mind is China or Brazil, but this book touched on emerging and frontier markets from each continent. Recommended!
The author lays out everything you need to get started in emerging market investing from understanding the risks in emerging market stocks to what investments are available and how to create a strategy. The chapter on emerging market regions and stocks is very detailed with a review of four regions and the individual countries in each. Each country is detailed with some of the major factors investors need to watch when investing in stocks.The investment strategy is well thought out and puts the focus on your risk tolerance, not on picking winning stocks. The core-satellite investment method is explained in a way that’s easy to understand and really helps to reduce investing risk and time it takes to analyze stocks. More than just an investing book to get started investing, it may be all most investors need with the topic.
There aren’t as many emerging markets investing books as there are basic investing books but I’ve read quite a few of them. Most fall short in describing the investing risks in emerging market stocks but this one does it pretty well. Besides going into the different periods of boom and bust in emerging market stocks and some of the reasons behind them, the book also describes the biggest risks for investors.Beyond doing a good job of setting up the why of emerging markets investing, the book provides a detailed review of the regions and countries as well as mutual funds that provide broad exposure. I really like the core-satellite investing idea in the investing strategy section.
I had a very basic understanding of emerging markets and this book took it to an even higher level. The graphs are great for understanding the trends in emerging market investing and where those markets are headed. There are some pretty awesome statistics in this book about where the money is and where the population and economic growth is occurring. This is one of my favorite quotes from the book, " You don't have believe in the doomsday scenarios of massive default and stagflation for developed markets to understand that the emerging world will have the clear economic advantage over the coming years."This makes me want to learn even more about the potential of investing in emerging markets and how to do it wisely.
A very good investing book for beginners and even experienced investors in emerging market investing. From my experience, the biggest reason people lose money in emerging market stocks is because they don’t understand the risks and how emerging markets go through distinct periods of boom and bust, even more than other stocks.Step by Step Emerging Markets Investing covers both of these areas nicely. In the chapter on emerging markets risks, the book covers those specific to investing like political risk, economics and currency risk but without making you get through all the economic jargon. The section on periods of boom and bust in emerging market stocks is an eye-opener even for someone that has been investing for a while. It helps put the investing topic in perspective and fits with the proposed strategy
Joseph Hogue is a military veteran with a decade of experience at financial analysis. He keenly appreciates the confusion and uncertainty of beginning investors. His 60-page one-hour guide shows you how to diversify your investments into emerging markets. Although American companies make as much as 40% of their sales overseas, less than half of that is from emerging markets. Better yet, emerging markets are one of the fastest-growing sectors of the world's economy.Mr. Hogue reviews the best (and worst) countries for your investments, and he shows how to handle the risks of emerging market funds. I appreciated the quick shot of learning and I put it to work the next day.This is the fourth in his series of short investing books. Take a look at the other three to learn what should be in your asset allocation and how to invest!
Everywhere you look, experts are touting the ins and outs of emerging markets. Joseph's perspective is unique, in that he's worked personally in a variety of fields that give him the right amount of experience and wisdom to personally address these opportunities. Even as a beginning investor, I found what he had to say of great value and easy to understand. A fantastic read!
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