KUALA LUMPUR (Sept 11, 2013): Marc Faber, known as “Doctor Doom” in the investment circle, plans to keep his shares in Malayan Banking Bhd and Public Bank Bhd because they let him “sleep well at night”.
“Unlike US banks, Malaysia’s are solid and they do not involve in derivatives or gamble,” he told a press conference after giving a presentation entitled “Investment Strategy – Where’s the Money?” here today.
“Malaysia may not be seen as an exciting market and the stock market is certainly not cheap, but this is a well-balanced economy and stable enough to let you sleep soundly at night,” he said.
He said that despite Fitch Ratings recent negative outlook on Malaysia, the country stood out relatively well compared to other emerging countries.
Marc Faber, the author of the Gloom, Doom & Boom Report, views China’s huge credit bubble, one that had been growing rapidly since 2008, as the next global financial crisis hot spot.
“The inflation in China is much higher than it seems. Credit growth in China will slow down. It is very much depends on whether they’re going into hard landing or soft landing, but this will inevitably lead to economic slowdown in emerging markets,” he said.
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Marc Faber likes High dividend Stocks
“We are in a bull market that is in the tail-end instead of the beginning but that does not mean prices will collapse. I don’t think that stocks are the greatest bargain anymore, but it’s not that expensive either,” Faber told his audience during a luncheon talk organized by MIDF Amanah Investment Bank Bhd.in Kuala Lumpur Malaysia – in The Sun Daily
Diversification ~ I recommend the investors to take a balanced approach to Invest in Equity, Corporate Bond, Real-Estate and Gold
“I recommend the investors to take a balanced approach to invest in equity, corporate bond, real-estate and gold,”
“The inflation in China is much higher than it seems. Credit growth in China will slow down. It is very much depends on whether they’re going into hard landing or soft landing, but this will inevitably lead to economic slowdown in emerging markets,”- in the Sun Daily
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