{"id":50635,"date":"2014-05-08T05:41:18","date_gmt":"2014-05-08T09:41:18","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50635"},"modified":"2014-05-08T05:41:18","modified_gmt":"2014-05-08T09:41:18","slug":"why-now-is-the-time-to-invest-in-turkey","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/08\/why-now-is-the-time-to-invest-in-turkey\/","title":{"rendered":"Why Now is the Time to Invest in Turkey"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> \"Why<\/p>\n

As a frequent flyer, I’m often eligible for last-minute upgrades.<\/p>\n

So when I heard my name called last week while I was waiting in the Newark Airport, I rushed up to the desk to claim my prize.<\/p>\n

To my dismay, however, I wasn’t getting an upgrade.<\/p>\n

Instead, I was being called into questioning by two members of Customs and Border Patrol. Seriously.<\/p>\n

Apparently, the officers were very interested in my trip to Turkey.<\/p>\n

Since Turkey is a longstanding member of NATO and a staunch ally of the United States, I was confused, to say the least.<\/p>\n

I would have understood if someone had questioned my desire to go to, say, the Strait of Hormuz<\/a> or Cairo<\/a> during the revolution. But Turkey?<\/p>\n

Well, as it turns out, the officers were simply interested in my views on Syria.<\/p>\n

We talked for a bit – and even shared a few jokes. I also informed them that they could check out my research on Wall Street Daily <\/em>if they wanted reassurance about my plans!<\/p>\n

I was fully cooperative and ended up not being sequestered for long. (Of course, they weren’t as cooperative when I began asking them <\/em>questions!)<\/p>\n

And now that I\u2019m in Turkey and have had the chance to perform some boots-on-the-ground research, I have to say – there’s a ton<\/em> of investment potential hiding here…<\/p>\n

Following the Action on the Ground<\/b><\/p>\n

Istanbul is buzzing. This is my sixth visit in the past 20 years, and the atmosphere has changed a lot<\/em>…<\/p>\n

It’s not as seedy. In fact, it’s very sophisticated in places and, overall, it’s one of the most beautiful and vibrant cities in the world.<\/p>\n

You’ll see everything from miniskirts to mullahs and everything in between. Alcohol isn’t as rare now, and the same goes for the hopping nightlife locations.<\/p>\n

No matter how much Istanbul has changed on the outside, however, very little has changed about its investment profile.<\/p>\n

You see, Turkey is what I consider a “forever-emerging market.” And that spells opportunity, even though many investors are ignoring the potential.<\/p>\n

Why Foolish Investors Are Passing on Turkey<\/b><\/p>\n

Right now, Turkey is down – falling as much at 35% last year (as measured by the stock exchange).<\/p>\n

After a decade of strong growth – that saw per capita income swell from $3,500 to over $10,000 – things have stalled. That’s not surprising, of course, after the binge of leveraged real estate speculation, consumer spending and government debt accumulation (thanks to easy money).<\/p>\n

Plus, issues in Russia (a very close trading partner) and the European Union aren’t making things any better.<\/p>\n

During times like these, most investors will choose to write off the country as an investment.<\/p>\n

Don’t make the same mistake…<\/p>\n

At the crossroads between East and West, Turkey is what places like Egypt wish they were – and places like Greece hope they can one day be.<\/p>\n

Despite what you see in the news, Turkey boasts a secular society. And it’s an economic powerhouse, approaching $1 trillion in GDP.<\/p>\n

Ultimately, Turkey will always present opportunity… as long as that opportunity is at the right price. And we’re fast approaching that price…<\/p>\n

One of the ways to stake your claim is to look at the closed-end fund market where The<\/strong> Turkish Investment Fund<\/strong> (TKF<\/a>) trades.<\/p>\n

Comprised of leading blue-chip companies, this fund is trading more than 40% below its 52-week high – and at a 12% discount to the value of its assets.<\/p>\n

Bottom line: When it comes to any emerging market investment, you want to buy on the dips and sell on momentum! And Turkey is in the midst of a dip right now as far as the markets are concerned.<\/p>\n

On the street, things are still buzzing – and that’s something to pay attention to.<\/p>\n

When you notice a disconnect between the market and what’s happening on the ground, it’s almost always more profitable to follow the trend on the street.<\/p>\n

And in this case, the action on the street indicates that Turkey is closer to the bottom.<\/p>\n

Ahead of the tape,<\/p>\n

Karim Rahemtulla<\/p>\n

The post Why Now is the Time to Invest in Turkey<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

Article By WallStreetDaily.com<\/u><\/a><\/p>\n

Original Article: Why Now is the Time to Invest in Turkey<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com As a frequent flyer, I’m often eligible for last-minute upgrades. So when I heard my name called last week while I was waiting in the Newark Airport, I rushed up to the desk to claim my prize. To my dismay, however, I wasn’t getting an upgrade. Instead, I was being called into questioning … <\/p>\n

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