I made a post about Chinese stocks about 6 months ago and I'm making another one today. China announced a host of new stimulus measures to try and shore up their economy and the market is reacting positively!
I'm not saying that you should go all in on Chinese stocks, but the negative sentiment, especially on this subreddit, is overblown.
Year to date, FXI Is up 28%, beating SPY's 20% clip.
Don't get me wrong, I'm still invested 70% in domestic equity but my Chinese exposure has been a nice boom to my portfolio.
All this to say, focusing exclusively on US stocks will cause you to miss opportunities overseas. Additionally, when everyone on an Internet forum hates a certain stock, sector, or economy, could be time to buy.
I'm long FXI, BABA, and TCEHY.
BABA is up 28% YTD and TECHY is up 41% YTD. Good luck to all and remember to stay diversified.
Leave a Reply