iShares MSCI Sweden Index (ETF) (NYSEMKT:EWD)

acmueller1 (80.96) Submitted: 8/14/2012 12:27:17 PM : Start Price: $28.00 EWD Score: +1.20

I am in and out of this ETF roughly every few years (with REAL money). Now seems like a good time to pick this one up (and I did put my money where my mouth is--thank you); this ETF is 20% off the S&P 500 on a 2 year basis, so I see buy signals. Swedish stocks have been beaten down by the Euro crises, but people seem oblivious to the fact that Sweden doesn't even circulate that currency. The country does have some recovering to do after the real, tangible effects of the Euro crises, but I believe it is on the way up now and the bottom has already been hit. The Swedish crown is strengthening, which will push this ETF higher when purchased with dollars. Add to that any real gains that the stocks in this ETF make and you have a winner.

As a bonus, this ETF is reinvesting dividends, which are yielding around 3%. That means no foreign dividend tax to the tax hungry nation of Sweden, that you would otherwise get hosed with if this were a foreign dividend paying stock in an IRA.

Full disclosure: Consider me an insider because I live and work in Sweden.