I’m out. Turkey’s meltdown convinced me that I shouldn’t venture into things I don’t understand – like cigar butt international indexes.
Also dumping Poland and Israel. Israel has a close trading relationship with Turkey. I want minimal exposure to Europe, as the crisis looks likely to spread. I will probably sell Norway next month when I do the rebalance. I am also ditching Brazil. This will give me enough cash to buy at least 2 positions.
I know, I know. The US is overvalued. Home country bias. But, at least with a US company, I can wrap my head around it and hold through a tough time.
EPOL @ $23.1752
TUR @ $19.3653
EIS @ $53.5101
EWZ @ $33.7746
I’m going to replace it with actual companies that I understand.
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