Just openeed an account with trade king. I am not much of a trader more of an investor. I am buying some RSX as soon as the funds for my account clear. Reason's why I like Russia:
Federal budget has run surpluses since 2001 and ended 2007 with a surplus of 6% of GDP
The country ended 2007 with its ninth straight year of growth, averaging 7% annually since the financial crisis of 1998
In 2007, Russia's GDP was $2.076 trillion (est. PPP), the 7th highest in the world, with GDP rising 8.1% from the previous year.
Approximately 12.5% of Russians remained below the federally-designated poverty line in 2007, though this is significantly down from 39%-49% in 1993.
Russia has the world's largest natural gas reserves, the second largest coal reserves and the eighth largest oil reserves. It is the world's leading natural gas exporter and the second leading oil exporter. Oil, natural gas, metals, and timber account for more than 80% of Russian exports abroad.
Despite higher energy prices, oil and gas only contribute to 5.7% of Russia's GDP and the government predicts this will drop to 3.7% by 2011.
China is great and all but they lack the quality of education that Russia has among it's people. This is a great buy and hold.
