Bought the global x msci norway etf – global x msci norway etf (nysearca_norw) _ seeking alpha

I am not going to be following my usual format in this post. Msci international I will mostly be focusing on how this security fits into my stock allocation as well as my trading and income investing strategies.

I initiated a position in the Global X MSCI Norway ETF (NYSEARCA: NORW) with a 50 share purchase at $12.74. Msci world momentum index I will consider buying another 50 shares at or below $12.25.

I may be the only SA Instblog author who furnishes snapshots of my trades, broker calculated gains and losses and broker calculated performance numbers.


The purpose for posting snapshots is to highlight that my portfolio strategy is an open book. Msci inc careers Anyone interested can see my successes and failures and the reasons for each result. Db x trackers msci world index It is very important for me to at least try and learn from my less than optimal selections, a euphemism for a loss.

It is my real money that I am risking, not pretend buys and sells, or an endless series of favorable articles about stocks that the author has never bothered to buy.

I am also disclosing through trading snapshots my risk exposure techniques and trading strategy. Msci nordic index I will frequently include a snapshot of an entire positions, which includes multiple market purchases and buys made with dividend reinvestment. Msci world country weights I would then take a snapshot of the shares being sold and why those shares were selected for disposition as part of risk mitigation and/or trading strategy.

I control my risk exposure in part by my out-of-pocket monetary exposure that is governed by my assessment of potential benefits balanced against the possible risks taking into account my personal risk tolerances, financial situation and an innate cautious nature. Msci eafe growth index Even in my younger years, I was not a Nasdaq kind of guy and have always gravitated to financially solid, dividend paying companies.

The 50 share buy is made possible now due to the low commissions. Msci world value I could not use a strategy employing this kind of purchase when I opened a “full service” brokerage account in the late 1960s. Msci world consumer discretionary index I rarely buy an entire position in one order. What is msci index Most everything is chopped into pieces.

I can average down with another 50 share lot when a price target is hit and then average down again with another 50 share or 100 share purchase at lower prices.

My exposure limit for the Norway Index ETF is $3000. Msci performance index If I buy another 100 at $12, for example, I will consider selling the highest cost lot discussed here when and if the price exceeds $15 or possibly a tad lower or higher depending on the circumstances.

The general idea is to harvest dividends and some stock gains while reducing my average cost per share over a period of time, frequently measured in years rather than months. Msci europe nr I will attempt to minimize my tax liability by selling the highest cost lots which may include shares purchased with reinvested dividends.

Sometimes, the trade of higher cost shares will include only those acquired with dividends, as was the case with the CEF RMT last year when I sold 126 shares.

When all of the share purchased with dividends are sold profitably, as in that RMT transaction, I view the result as optimizing the value of the dividend originally used to purchase shares, thereby making the original dividend more valuable particularly when I factor into the equation that those shares bought with dividends contributed to more dividends being generated and used to purchase shares that were then also sold profitably. Msci india index Dividend growth investors do not need an explanation on compounding. Msci world index ticker That investment strategy has been around in its current form for decades.

I later liquidated the entire RMT position accumulated over almost 6 years rather than to take another large year end distribution which I do not favor: Item # 2 Sold 433+ RMT at $12.76-Average Cost Per Share $7.91

Another reason for purchasing NORW is that add slightly to my existing exposure in Orkla, while gaining some exposure to other Norway companies by a slither for now.

First I would simply note that a money manager has calculated the Shiller P/E of Norway stocks at 12 compared to 28.8 for the U.S. Msci website stock market. Msci meaning Global Stock Market Valuation Ratios I am in no position to calculate the Shiller Cape Ratio for any country and rely on others to do so, seeking out confirmations where feasible to do so. Msci emerging markets index ticker Sometimes the amounts do not match but are close and the differential can be explained by a time differential.

I could go on and on. Indeks msci Suffice it to say, the investor can draw their own conclusions from this kind of data. Msci world nr usd definition IMO, it simply shows that there are a large number of factors that will dictate performance, and a religious cult using any specific measure as the Holy Grail will be left in the dust frequently and over very long periods of time.

I would highlight that this ratio is one of many valuation ratios that I use. Msci usa etf I will not get into another debate with those who slavishly adhere to a mean developed since the 1880s for U.S. Msci world minimum volatility etf stocks without evaluating important economic variables and how the Near Depression has caused an expected slow recovery unlike previous garden variety recessions.

If an investor sees data producing strong evidence that the U.S economy is only now finding its sea legs after nearly capsizing and drowning its passengers, then a ten year historical inflation adjusted P/E is far less important that a rational prediction about the next 10 years.

Minsky published in May 1992 paper titled the ” The Financial Instability Hypothesis that later gained considerable notoreity during the recent Near Depression.

The following is a snapshot of NORW’s top holdings following by links to three charts comparing the ordinary share performance priced in Norwegian Krone (NOK hereafter) and the ADRs priced in USDs.

The Seadrill (NYSE: SDRL) chart of course looks really awful in both NOK priced SDRL ordinary shares and the USD priced ADR. Msci u s reit index The blue line is for the NOK priced shares. Db x trackers msci world index ucits etf The ADR’s decline is shown in gold. Msci fund Given the severe decline, it is hard to see the exact differential.

The NOK may decline further as many USD bulls predict. Index msci world I do not know the future as many investors claim to know with absolute or near virtual certainty. Msci world gr I readily admit to being fallible in that way.

I know that the five year DXY chart shows what I characterize as a USD parabola: U.S. Msci world ytd Dollar Index (DXY) Charts. Msci world ex u s index I have seen parabolas collapse upon themselves throughout my investment history. Msci world zusammensetzung einzelwerte It is not a question of whether that will happen but only when and the final level for the burst and subsequent swan dive.

That seems like a decent point to buy Norwegian stocks given the USD discount to me and further taking into account the overall valuation and dividend yield of Norway’s stock index.

Like the NOK’s value, energy prices have already taken a big hit and I missed the impact of that hit on some stocks contained in this index by starting a purchase now rather than a year ago.

In June of 2014, NORW traded briefly over $18.5; and I have missed the move to the $12.76 close today by waiting to buy now. Msci emerging markets index futures That is about a 31% decline. Msci code So, to put this as simply as possible, a lot of the negatives are already in the current price.

If the Norway index keeps the identical value in NOKs as today’s close, and the USD loses 20% of its value, then the rise in the NOK will flow through and increase NORW by close to an equal amount with the ordinary shares remaining at their respective NOK prices as of today’s close.

The opposite of the twofer is the Double Whammy, a decline in both the NOK and the NOK priced ordinary shares owned by NORW. Msci phone number That is not good.

I considered another ETF that covers the Nordic region, but decided to refrain from buying it now to its duplication with existing holdings primarily in its Swedish stocks.

Disclaimer: I am not a financial advisor but simply an individual investor who has been managing my own money since I was a teenager. Msci emerging markets index chart In this post, I am acting solely as a financial journalist focusing on my own investments. Msci services pvt ltd The information contained in this post is not intended to be a complete description or summary of all available data relevant to making an investment decision. Msci world lcl Instead, I am merely expressing some of the reasons underlying the purchase or sell of securities. Msci chart Nothing in this post is intended to constitute investment or legal advice or a recommendation to buy or to sell. Msci world gr cad All investors need to perform their own due diligence before making any financial decision which requires at a minimum reading original source material available at the SEC and elsewhere. Msci stock Each investor needs to assess a potential investment taking into account their personal risk tolerances, goals and situational risks. Msci emerging markets index fact sheet I can only make that kind of assessment for myself and family members.