Oct 10 2010 |
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Time for long play on UAE stocks
UAE business will rise againLong term view on local equities will pay dividends, says ArabianMoney
United Arab Emirates, 10 October 2010: Local stock markets could provide a bountiful return in three to five years, according to Peter Cooper, Editor & Publisher of ArabianMoney, the only independent investment newsletter published in the region.
"UAE stock markets look ripe for an excellent recovery in the medium term. However to reap the benefit investors must be prepared to play the market long and resist frequent trading," said Cooper in October's subscription newsletter.
"This is the opposite approach to most local investors who fancy themselves as nimble day traders," he said warning that many have suffered by frequent trading.
"It's time to stop day trading and look to the inevitable longer term rise of the local bourses. Frequent trading will not make you rich, rather it keeps brokerage fees fluid."
"Oil gives the UAE the advantage of a rapid recovery profile. It also means that the value of local businesses will rise faster than in many other countries.
"The time to buy shares is when they are cheap and relatively quite and not to wait until there is (upward) movement," warned Cooper.
He noted that long-term investment view is nothing new citing the success of high-profile traders, such as Warren Buffet.
"Many investors have made their fortunes by taking a longer term play. Warren Buffett, for example, owes his $45 billion fortune to the power of compounding high-growth shares over many years and 'buying when others are fearful'."
In the October issue of ArabianMoney , Cooper offers advice on how to assemble and manage a strategic investment portfolio in local equities.
"Right now, fears remain about the unknown liabilities of local banks and many are still nervous about the stability of the global economy. Thus, under pinned by the real estate crash UAE equities are presently trading at low values.
He noted that the upside for the UAE is that it is a high-growth oil economy and the approach of Peak Oil means that oil prices are going to go higher, and stay high.
"To participate in the recovery of the next few years, the best time to buy UAE equities will likely follow the imminent and long overdue correction in global financial markets, he concluded.
-Ends-
ArabianMoney is the only independently written investment newsletter published in the Gulf, and sent out monthly to subscribers all over the world who pay an annual fee.
Editor and publisher Peter Cooper was the founding editor of Gulf Business magazine in 1996 and one of the founders of the AME Info news service in 2000.
ArabianMoney also has a free-to-view website, www.arabianmoney.net whose readership grew by 76% in August.
Peter Cooper's property columns formerly appeared in Freehold Monthly and Property Monthly but are now only available to readers of the ArabianMoney newsletter.
For more information: Please visit www.arabianmoney.net
Media Contact:
Susan Furness at Strategic Solutions for ArabianMoney.net
Email: susan@strategicsolutionsonline.com
Tel: +97150 6556126
© Press Release 2010
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