Assuming it was actually possible for a poor Dominican to scrape a couple of pesos together and not squander them right away, would he or she be able to invest them in anything other than Dominican government debt or local bank offerings.
The global markets are crumbling at present,
It's propped up by QE money, $85 billion a month. If bank bonds were such hot commodities, the Fed wouldn't have to buy them.Really, The S&P is at a historical high, where do you get your market data from?
SPDR S&P 500 ETF Chart - Yahoo! Finance
Why would they want too ?. The global markets are crumbling at present, interest rates at record lows, the next 6 months will be revealing to the major economies as the true level of debt becomes knowledge and non serviceable. True some shares have done well, for example, RR.L (Rolls Royce on the London market), more than doubled in 2 years on the back of a strong order bookand downstream servicing agreements, but they are certainly the exception rather than the norm.
It's propped up by QE money, $85 billion a month. If bank bonds were such hot commodities, the Fed wouldn't have to buy them.
When that flow stops, the stock market goes very soft.
Fact is keeping the masses focused on their decent 401K's keeps the natives lest restless. That keeps eyes off eviscerated home equity.
Keep in mind that Fed borrowing is separate from the "deficit." If you want a clear picture of the US financial health, add the deficit to the QE bonds. The number is enormous.
It's propped up by QE money, $85 billion a month. If bank bonds were such hot commodities, the Fed wouldn't have to buy them.
When that flow stops, the stock market goes very soft.
Fact is keeping the masses focused on their decent 401K's keeps the natives lest restless. That keeps eyes off eviscerated home equity.
Keep in mind that Fed borrowing is separate from the "deficit." If you want a clear picture of the US financial health, add the deficit to the QE bonds. The number is enormous.
All true.
However, I learned long ago that you trade the market you have, not the one you want or the one you think should be....and it has been a heck of a nice run for 2013.
To stay DR related, and to answer the OP's question, its citizens are not limited to the local financial markets.
Respectfully,
Playacaribe2
Then it's just gambling, and the way to prosper is to, in essence, count cards.All true.
However, I learned long ago that you trade the market you have, not the one you want or the one you think should be....and it has been a heck of a nice run for 2013.
To stay DR related, and to answer the OP's question, its citizens are not limited to the local financial markets.
Respectfully,
Playacaribe2
Thanks. Do you know if there are Dominican brokerages they can use or if they have to find a foreign on-line broker who will service small foreign accounts.
While I know there are brokerages in the DR, I would opt for an on-line one. Preferably one that is US based and offers SIPC protection (insurance).
Respectfully,
Playacaribe2
"...on-line broker that will accept a non-resident and non-citizen..."
Do they exist? I couldn't find one...
A market crash creates buying opportunities. Bring on another crash. Unless you need the money tomorrow the market is the place to park your cash. The DOW is pushing 16000 thousand. I hope it takes a dive as I will put more in.
As for people on the island investing. If they would put a few pesos a month, as in dollar cost averaging, into a S&P 500 account like Tambo was suggesting they would be able to create a significant amount of coin. However I know it is difficult for them and it gets right back to the education thing.
"...on-line broker that will accept a non-resident and non-citizen..."
Do they exist? I couldn't find one...