GREK
Global X MSCI Greece ETF
Mentions (24Hr)
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I still kept some US but I moved a bunch to German and Greek ETFs (DAX and GREK). I’m lapping the S&P.
Not the same thing, but the simplest answer is: GREK... the Global X MSCI Greece ETF
Ironically Greece is doing great. I hold some GREK, up 36.91% YTD, 172.83% 5Y. I read somewhere their debt to GDP ratio will be better than France's in two years. IDK what they did, and it took 15 years to get out of the hole, but good for them.
Still more interested in international equities. Just added GSIB, GREK, EWJV to my EU, CN and emerging market holdings. I have started to DCA a *little bit* of US like SONY, COMP, LTH, BRK-B, INOD, INTC, UBER.
I buy GREK. There are potential for great gains next months as the Greek stock market its on way back to developed markets. Besides, the American President’s proposal to clarify his priorities is obvious, among which is the collection of debt and not the outperformance of stocks.
I bought GREK etf through robinhood. Also you can buy german, french whatever etfs. Check also euad etf
People in that forum used to laugh when i was writing that i invest in European stocks a few months ago. Personally i invest in Dax and Greece through GREK etf as one of the main holding is Metlen a metal company which participate in the production of German leopard tank.
European ETFS outperform. Bullish in GREK.
GREK and general European ETF’s Will outperform the market due to stop of the war in ukraine.
Deciding what to do with my current US portfolio from Australia. Entered most positions 16th nov 2022. CWS/GREK/RKLB entered at later dates. 40k split APPL: +22% (all % total profit/loss) AMZN: +53% BRK.B: +16% CWS: +16% GOOGL: +43% GREK: -1% META: +219% RKLB: - 25% TSLA: +10% Now my thinking is to sell the portfolio (minus CWS/GREK/RKLB) and basically consolidate into qqq or equivalent as at the moment i cant see one particular stock outperforming the other or the market/index as a whole. Another thought is to enter positions in RACE/LLY/NVO which i have been observing.
Greece (GREK ETF). Debt to GDP has fallen much faster than anyone expected over the past year. They also seem to have more political stability recently. At the same time, they've digitized and modernized many government processes including business related activities. Make no mistake, Greece still isn't a great country economically, but they have been emerging out from junk credit status and incompetent/corrupt leadership. The Greek political landscape also seems to have become more pro business (10+ years of austerity will do that to you). IMO I see a viable path where their credit rating is upgraded and the stability of their government leads to more investment and business in the country. GREK ETF is up 42% YTD
I thought GREK was in default?
There is no reason you "should" invest in the EU or anything else. You should look around and use your judgement to evaluate what choices make sense now, in these times, for good reasons. I don't know the equivalent ETF names that you could choose, but some non-US investments are doing well this year, notably GREK (Greece) and EWZ (Brazil). EWJ (Japan) is showing promising life. FEZ (Euro 50) was good earlier this year but has mostly pooped out. GREK and EWZ have done twice as good than the S&P500 ytd; FZ slightly better and EWJ slightly worse. Use the S&P500 as your guide. If something has been doing worse and there is no compelling reason for it to improve soon, don't get it. If something has been doing better than the S&P500, and there is no compelling reason for it to stop doing so soon, then consider putting some money in those things. Unless you hate money, do not just put money in random "international" funds. Make any stock or fund you invest in earn your support by being a peer of our outperforming the S&P500.
What you want to own is your own preference, but VOO certainly is a good choice, and ytd is outperforming the others you mention, except VUG. International is a mixed bag currently. Some country-specific ETF have been doing well like GREK, and EWJ (Japan) has life after a long slumber. FEZ and IMFL were okay earlier thus year but are flatlining now. Geerally I'd suggest you get VOO and then decide to add anything else because _you_ want to, no because anyone else says you should.
This year seven companies in VOO are up over 50% while the other 493 are flat. With broad international stocks, imagine if North Korea were suddenly added to the mix, or Somalia. Adding more previously destitute countries would not help a broad fund. On the other hand, some folks suggest Chinese dominance in the future, which would dwarf the percentages of other areas in a broad international fund and thus possibly also beat the US alone. All you have to do is, when that happens, if it does, rebalance your portfolio. Now and for the past decade, broad international funds underperform, though as I mentioned some smaller- focuedare doing very, very well. GREK is up 31% ytd. You don't need to now, nor should you, base the bulk of your investments on what might happen in 15 years. However hard it is to time the market tomorrow, timing for 15 years from now is a bad thing to do.
When you do, consider the immense logical flaw involved when anything talks about non-US investment in the 20th century. Soviet communism, Iron Curtain economies like East Germany, China before they established their stock exchanges, the Japanese market's complete collapse in 1990 and afterwards... basically international economies have always been far behind the USA, but for some periods you can compare favorably compare western European/Canadian/Japanese markets to the USA, but that is a fool comparison because today broad international stocks do include all sorts of crap that weren't included before. 1980s East German automobile market was not more profitable than the US market was. You are right, broad non-US investment has been terrible this century. A sensible person should avoid it like the plague. That doesn't mean though that _some_ international investment can't be good. For example, FEZ (50 biggest companies in the Euro zone) did quite well earlier this year. IMFL is a broad factor international ETF that is pretty new but its sister OMFL has a longer US history. Several country-specific ETFs have done great this year, like GREK (Greece) and EWW (Mexico). EWZ (Brazil) has great potential and is up 20% ytd. ETC. Yes, avoid de-worsifying your portfolio with thousands of garbage international stocks, but do look around for good opportunities wherever they are globally.
Dromeas in the greek market. Generally the greek stocks are undervalued compare with the us market. You can have exposure with the etf GREK.
GREK etf https://www.cnbc.com/amp/2023/05/24/greek-stocks-have-soared-as-it-shakes-off-problem-child-of-europe-tag.html
Have a look what’s happen in the Greek stock market. From the beginning of the year many stocks have gains 200% and over. Check the GREK ETF
Since you clarified (original posting was not clear at all), here you go. BTW: I bought 100 RSX at $10.07, sold it at loss at $9.43, hindsight good lessons learnt, never forget for life the risk I took ! Then, I tried to short that too few days before, broker said "No trading allowed..." The nearest example was GREK (ETF) 2015 bailout crash. When that market closed, the fund was unable to calculate ETF NAV, but GREK started coming down and down. However, when greek market opened, the NAV was almost matching with the dropped market rate. There is a difference here, Moscow exchange closed and sanctions in USA, there are no new issue on RSX, also trading stopped with Russian equities, potentially many stocks/holding will become worthless. This has more complexity and very high risk as there is no protection for the money invested. There is some ground reality that RSX may become (potential chances) $0.50 or 0.25 and fund may go closer. The best thing is to stay away from it, save the money.
Apparently the GREK etf kept trading when the Greek exchanges shut down and then pretty much matched prices when trading resumed
My American portfolio is gone and my Greek one is flying. Who would have imagined a few months ago. Go GREK
Greece (GREK) has been down and flat for 6 years and doesn't seem to be recovering. Turkey (TUR) has been down for 2.5 years and doesn't seem to be recovering. If you get in right before either one recovers, you would be a winner, but I don't see a catalyst right now.
I don't think it makes sense to specifically exclude China. China is by far the largest emerging market and is still growing significantly. Many of its companies are also undervalued, relative to similar ones in the US. Of course there is risk, political risk, fraud risk, accounting risk, all that stuff. But you are being compensated for that risk in the lower valuation. Secondly, no one is saying go all in 100% on China. If you buy VT, that's 3% China. Holding 3% China is not this huge amount that you have trip over yourself to avoid because of the risks you perceive. You deal with these risks by diversifying. You'd only 3% in China, what's the problem. Why are you worried so much about 3% in China but not worried about [all these other markets](https://stockcharts.com/freecharts/perf.php?MCHI,ILF,EWZ,GREK,TUR,EIDO&n=2392&O=011000)? It makes no sense. Don't bet against China. That doesn't mean you have to go all in either.