How to make money in emerging marketd
In emerging markets people are often scared tp invest their money due to the vagariesof the market and the political uncertainties in Africa and Asia. However there are so many ways of getting involved in these countries. There are ways of bypassing government interference.
For instance take Nigeria; the new government has brought a collapse of their economy the currency. However things have gradually stabilised. You can go to any Nigerian Embassy and create a Bank verification number. With this you can open an account in any Nigerian bank of your choice. Standard Chartered Bank and CitiBank have branches in the country.
Then you can come to Nigeria and sell your forex through licensed Bureau De Change. After that you can buy treasury bills and government bonds.These have an average yield of 14% per annum. To mitigate your currency risk you can also buy currency futures so as to guarantee a 12% return on capital. This is a small business that can be done using virtual adresses and your sunk costs should be in the region of $700. Thus a $100000.00 investment should earn you $12000.00 after expenses. There are no taxes to be paid in Nigeria. As per your homr country please contact your lawyer or tax consultant to provide you with relevant information.
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