Italian Stocks Are the Best-Looking in the European Ugly Parade, Says Multi-millionaire Trader
MILTON KEYNES, England, June 11, 2012 /PRNewswire/ -- Multi-millionaire trader and investor Vince Stanzione, who has made a fortune from investing against the popular opinion and making contra bets on stocks that are often dumped by the big Wall Street brokers, says that investing in his homeland Italian stock market offers investors an excellent contra bet.
Stanzione advises that before investors dismiss this contrarian view, they should remember Stanzione correctly predicted a market rally last year. His was a rare bullish voice, and the Dow Jones subsequently rallied 2000 points.
Stanzione comments, "Many group Italy with Spain and Greece, yet Italy is in far better financial shape and never had a large property or consumer boom like its southern European neighbours. Italy's new PM is former European Commissioner Mario Monti and is far more credible than his predecessor. Another often missed fact is that the Italian Republic, the fourth largest economy in Europe behind Germany, France and the United Kingdom, is also the fourth largest holder of gold, with 2451 tons that could be used for financing any short-term requirements."
"Italian banks have already recapitalised and do not require bailouts," Stanzione comments further. "They did not get loaded up in mortgage debt like Spain and many Italians still prefer to rent property."
Stanzione also believes Italy is the most likely Eurozone country to receive more investment from China in the coming years, with Italy having leading brands in fashion, cars, motorbikes, furniture and, of course, food and drink.
"When people say Italy is another Greece," continues Stanzione, "I say, name me one Greek exporting company. How many Italian brands can you name?"
Italy's major stock market index, the MIB, is back down to near 2009 levels and down 13% so far this year. "US and UK Investors can use an Exchange Traded Fund to track its performance," says Stanzione. He agrees that this is a controversial contrarian trade and only advises using a small amount of risk capital. "Investing in Italy at these depressed levels could yield a 30% plus profit by year-end," he concludes.
About Vince Stanzione
Vince Stanzione is a self-made multi-millionaire based in Monaco and Mallorca, Spain, and trades his own funds mainly in currencies, stocks and commodities.
As well as trading, he also teaches a small number of students and produced the bestselling course on Financial Spread Betting. He is also the author of "How to Stop Existing & Start Living" and recently launched a new US home-study course, "Maximum Trading Profits in Minimum Time," to teach investors how to profit from rising and falling markets.
To learn more, go to http://www.fintrader.net.
For interviews and more information, contact firstname.lastname@example.org.
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