Has anyone thought of THE TURKISH ECONOMY as an investment?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/09/2010 11:27

Clearly some of the more financially astute on CY 44 will be up to speed on these things, but for the unanitiated the



financial press have been pushing Turkey as an Emerging Economy



A good way to invest is through a low charging ETF. I have been following one ITKY.L.



NOW THIS IS NOT FINANCIAL ADVICE but for those who follow these things a very interesting scenario. Check it out!!



wynyardman

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
10/09/2010 11:57

And for those who do not know what an ETF is:



http://en.wikipedia.org/wiki/Exchange-traded_fund



It's all very simple



Hats off to you Wyn if you can make head or tail of this. I think I will stick to my stocks portfolio and my odd dabble into the currency exchange market



Paul

Perry


Joined: 27/01/2007
Posts: 413

Message Posted:
10/09/2010 12:06

Turkey is absoultely an emerging economy - you only have to look at how their exchange rate has remained stable through the recent economic times (where interest rates have remained at a higher level). They seem to have avoided recession like the rest of Europe and the US.

ETFs are a rapidly growing phenomina - mostly in the US, but are emerging as offshore investment funds from Luxembourg and Ireland ......

blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
10/09/2010 12:11

I did read somewhere that at the begining of next year they were going to have to impliment austerity measures.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
10/09/2010 12:12

http://en.wikipedia.org/wiki/Economy_of_Turkey



Good post Wyn,

Paul.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
10/09/2010 12:16

http://www.allaboutturkey.com/economy.htm



Come here theres more,

Paul.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/09/2010 19:16

that will change if they join the eu , the union will drain them , and like most member states they will say what the fxxk have we done ?