Today I closed my India ETF position in EPI.
The ETF has had an excellent run since it was purchased in early January; however, I’m concerned it might be getting a little too top heavy.
EPI is just now approaching the high it achieved in 2010 (see chart). I’m content to exit the position on a high note.
As an aside…I think India’s long term (next decade) prospects are not as bright as conventional wisdom would have you believe. The country’s attempt to position itself as a low cost labor hub will not be competing against China or Bangladesh, but rather a much more decisive force: automation. Read my book for more details on how automation will disrupt global economics- The Robots are Coming.
The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
Listen to the Wealthsteading Podcast to receive updated market commentary:
The 10 Wealth Building Principles can be heard at:
Subscribe to the Wealthsteading Podcast:
via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058
Building Wealth, Investing, Retirement, Stock Trading, Money, Freedom