I started purchasing European funds earlier this year. Have approximately 10% of my portfolio in European equities. Any thoughts on the implications of a Greek exit or insolvency? I want to increase the % to 20ish but was thinking of waiting for a semblance of resolution with Greece.
To be honest I started way earlier than this year, but haven't been able to write something like that piece until now. I am not very fearful of the Greek exit or issues there, but that's in part because I purposefully avoid investing there! Most of the places that interest me are in far better shape and aren't as risky as Greece.
That's part of the reason there are opportunities though!
Very true, apparently Credit Suisse thinks there's a 75% chance of an agreement. Trying to decide whether the buying opportunity is now, or after they potentially default.
It depends on what you're buying and why. It also depends on how you are investing there, which is beyond what I'm really allowed to get into here, unfortunately. That's why the post is written with so many "could possibly/might be/perhaps" kind of language.
Time for a European Adventure?
