Instead of a rainbow with a pot of gold at the end, look for a rout.
That might be one of the best pieces of investment advice one will ever hear. The most recent rout is taking place in emerging market country. You know the names and there are plenty to go around. The International Monetary Fund recently lowered it growth outlook for next year for EMs.
Like most things in life, however, not everyone agrees. Some followers think there's still more downside out there. They say opportunity is one thing. Waiting for it to materialize once you're invested another.
So do your homework.
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