Looking for new investment opportunities how bout you look abroad? Africa is a booming nation rich of natural resources. With a successful World Cup performance the continent could take off in ways we have never seen before. Already we are seeing huge investments from both Chinese and U.S. corporations in African resources as commodity companies are fighting over some of the world’s largest mineral deposits. My theory is that Africa is ultimately the last untapped resource left on this planet. Hedge funds agree as many big funds have pledged billions of dollars in investments toward Africa and I don’t expect this trend to stop. Adding to this many large commodity companies are expanding into Africa. Recently Brazil’s VALE purchased $2.5 billion in iron-ore deposits in Guinea. So how do you invest in Africa? Well tune in next week and I will release a series of African stock picks.
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Disclosure: "No Positions"