I have written several times about expecting real roller coaster rides with some long term themes. This is very important to think about for the parts of your portfolio that you do think about as being five year ideas, assuming you think that way at all.
This is a year to date chart of the ICEX-15 ETF I own personally. For new readers, I wrote several pieces about investing in Iceland over the last year and half. For now access is very limited. One way in is to open an account at Kaupthing Bank, the largest bank in Iceland, and wire money into the account for investment.
The long term thesis, as I see it, is that Iceland will become much more important in the world economic order in the coming years. There has been and will be a lot of growth, some inflation, deficit issues and I think I saw first hand a very adaptable economy and society. This is my perception not an attempt to sway you to buy something. Given that this is what see I have a small investment account that I will add to in small amounts maybe once a year.
I labeled my entry point on the chart. It has been quite a ride so far. The worst of the news maybe behind the Icelandic market but the volatility could persist for a while still.
While this may require training on your part, if you have invested in something that you really think is a five year, or longer, theme it is very important to really embrace the fact that short term moves, up or down, are not what’s important. There is no guarantee I will be right about Iceland but there is no way I can be right or wrong in just eight months.