Leaving India on a high note

Today I closed my India ETF position in EPI.

The ETF has had an excellent run since it was purchased in early January; however, I’m concerned it might be getting a little too top heavy.

EPI is just now approaching the high it achieved in 2010 (see chart).  I’m content to exit the position on a high note.

As an aside…I think India’s long term (next decade) prospects are not as bright as conventional wisdom would have you believe.  The country’s attempt to position itself as a low cost labor hub will not be competing against China or Bangladesh, but rather a much more decisive force: automation.  Read my book for more details on how automation will disrupt global economics- The Robots are Coming.

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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores.

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