FTSE/Xinhua China 25 Index for the western proletarian not willing to work for a few dollars a day. February 25, 2006Posted by deminvest in investment.
Let’s face it, in the global market a proletarian working in Mississippi is in direct competition with a proletarian working in Yang Tze Yang area. Corporation will choose who will do the job. Since we are not very willing to work for a few dollars a day wage, we need to do like companies… Earn money on the fact that Chinese are willing to work for us at that wage level.
There is a simple way to do that… Remember that compared to the Chinese worker, we are millionaires. So we should behave like they do. Own the company where the Chinese worker goes every morning to work for 10 or 11 hours.
It is very simple to do so. There is a very comfortable ETF its ticker is FXI http://finance.yahoo.com/q?s=fxi it offers a comfortable 1.79% dividend yields a cheap 12 P/E.
The Index consists of 25 of the largest and most liquid Chinese companies, which will probably grow with the Chinese Economy at very high rates… and if it doesn’t grow it means that China will not put a risks our jobs and the leadership of US Economy… So even if we lose with FXI ETF, we still win 🙂
Good weekend western proletarian investors!