German buy target approaching
July 12, 2022 Leave a comment
Germany’s economy is the world’s 4th largest economy.
It is somewhat ahead of the United Kingdom, India, France, South Korea and Canada.
Its publicly traded equity index is nearing a low that I have been waiting for.
The DAX priced at 12,350 makes for an attractive entry point.
That price is approximately 3.3% below the current level of 12,766 points.
Although, be prepared to alter your view to 12,600 being equally fine.
Some may ponder buying an ETF which tracks the DAX Index;
others may look to allocate monies to money managers concentrating on that market;
and some may circle the opportunity of accumulating shares in Siemens, SAP, Fuchs or Mercedes.
Germany is joining Taiwan and South Korea to my growing list of ‘country’ buy ideas.
July 12, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 