I think of Disney and Starbucks as emerging markets plays. Emerging markets are tough because the accounting standards and regulation are even worse than the USA.
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And they are subject to greater risks of war or communist revolution.
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Check out EMQQ as well. Emerging markets are a no brainer if you have a long horizon.
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Why EMQQ over VEMAX? I think CAPE adjusted for qualitative factors is decent valuation metric and by that, I'd prefer to be EAFE over EM, but whatever, it's not much of my net worth.pic.twitter.com/JmXPnJnnAp
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Why are you excited about a fund that looks basically stagnant over the past decade according to the chart you posted?
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Because, generally speaking, the price movements of an index fund over the past 10 years don’t tel you much about the next 40 or 50. It’s cheap and has some demographic tailwinds behind it.
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Pretty sure we're on our way to a China-US economic cold war, but other than that, feeling pretty good about it!