Author Topic: Turkey  (Read 885 times)

Lance

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Turkey
« on: August 30, 2018, 08:43:00 PM »
Anyone looking at anything in Turkey?

Thanks
Lance


rb

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Re: Turkey
« Reply #1 on: August 30, 2018, 10:22:29 PM »
Anadolu Efes is actually a fine company if you're interested.

But I'm not looking to buy anything there. Turkey is pretty much a basket case at the best of times. But when you have in charge an authoritarian mad man who's waging an economic holy war i think it's best to stay away. Turkey has all of the ingredients to be a big blowup. All it needs is a good stir. And there's a guy brandishing around a big spoon.

petec

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Re: Turkey
« Reply #2 on: August 31, 2018, 12:55:31 AM »
Turkey has precipitated a broader EM sell off though, so you may be able to find bargains elsewhere.

Gregmal

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Re: Turkey
« Reply #3 on: August 31, 2018, 01:33:53 AM »
IDK, you can literally make 10% a year without trying being 50% in cash and 50% in high quality US equities. Why screw around with Turkey?

Spekulatius

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Re: Turkey
« Reply #4 on: August 31, 2018, 04:26:37 AM »
IDK, you can literally make 10% a year without trying being 50% in cash and 50% in high quality US equities. Why screw around with Turkey?

So you think you can make almost 20% being in US stocks 100% consistently? Emerging markets have their issues, but if you get the timing right, you can make outsized returns. Some stocks in Argentina went up 10x in a couple of years, only to lose 80% again.
To be a realist, one has to believe in miracles.

jc1000

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Re: Turkey
« Reply #5 on: Today at 02:01:36 PM »
Any recommendations for a US citizen to buy Turkish stocks directly?  None of the traditional discount brokers seem to allow it.  I see some of the bigger brokerages (Citi, Deutsche, Credit Suisse, etc) have Turkish entities registered to trade on the Istanbul exchange, but I haven't explored using a full service broker yet.

Thanks for any tips.