Reader Questions

I had a couple of emails asking about my foreign exposure and one about Iceland.

Here is a list of countries with a quick blurb about why, I may forget one or two.

• Ireland-great story, business friendly government

• Norway- oil

• Australia & NZ-commodity based economies

• Canada-commodity based economy

• Switzerland-bomb shelter aspect

• South Africa-gold

• Brazil-emerging and commodity

• Chile-emerging, commodity and public pension money going into the stock market

• Austria-check archives or better yet my article on Real Money

• UK- high yield

• China & India-for exactly the reasons you think

• Israel-this is more about one stock that happens to be from Israel (I sold ISL before it got mentioned on TV)
  

• Mexico-oil and emerging

No client has every country listed. This list could be thought of as my ownership universe.

As for Iceland; oh boy. You need to open an account at a bank in Iceland (which has 19 simple steps, unless you are there visiting), send money and buy whatever it is you want to buy. I know you can do this through Kaupthing Bank but there may be others.