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Guggenheim S&P Global Water ETF Message Board

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  • hummingbirdair hummingbirdair Feb 28, 2005 12:59 PM Flag

    stephan..o/t IRS

    sorry, mistakenly identified it as Brazil in last post <i'm looking at both countries> per my first post its in Argentina..

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    • hummingbirdair.....bloodpressure "regulated"...{;>)....!
      Generally I share your thinking.
      Especially now Argentine gets a boost because the default-discussions with certain big debt-holders (esp.some hundred thousand european bondholders...)did come to an end :they get only 25 cents on the dollar! That in itsself will get huge clouds away.
      The real estate market in Buenos Aires is soaring quite strong allready....though one has to say that prime real estate does not suffer that much during the crisis....because it was negociated in Dollars (not Pesos) since many years allready.Americans and Europeans especially are flocking in....and buying up everything what seems to be still cheap.
      Office - and retailspace is said to be taken up heavily by dutch pension-funds (as happened with US-Reits in the early nineties).
      I did not know IRS before....though it would have been nice to...{;>) I only did some direct investments in land and some appartments in Buenos Aires ,Rosario....and in Brazil in Santa Catarina (Puerto Union/Curitiva) ....not any securities.In both countries I do not feel "comfortable" enough to really understand/believe their numbers.....( I do not with my own here....{;K>))so I better not give you "more than I have".

      One hint/idea though:do not take the rise of the Real for granted....Mr.Lula is a socialist....the unions in Brazil are very strong .....and as soon as the growth in China which takes a lot of the comodities of Brazil slows down a could have huge labour conflicts in Brazil....which allways will have the "foreign speculation" taking their Dollars and run.........away.
      Argentine is somehow safer in this regard.Mr.Kirchner will get its house in order.

      If you really want to diversify.....why not buy into "the laggard"....Uruguay.....and in this case especially directly into really good situated "crashed" real estate in Montevideo,Punta del Este!??

      • 2 Replies to paraguay2es
      • thanks Stephan,
        I too wish I'd found IRs`earlier :-)

        thanks fr comments on Lula, its always difficult for an outsider to judge the politics...

        I will take a look at uruguay, I had not thought of it.
        I will continue to watch IRS,seems , as long as global econ is doing well, IRS should continue to do well...

      • ps, I am only looking at stocks as its more liquid. I did have property in France ,which I am mostly out of now, distance made it waaay too difficuly, so I shut it up for 10 years <what an idiot!>,Luckily I did not get burned too badly on it,but only because the euro appreciated so much last year to the dollar,so I got out ! I'm only directly into property in Uk < my potential bolt hole> and USA now, where I live and hope to stay.

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