The past economic downturn made people extremely wary of the stock market, but the growth in recent years has made lead to a resurgence in the popularity of the stock market. Keeping a diverse portfolio is an important strategy that can lead to long-term financial independence, but you need to stay up-to-date on the news to truly benefit from your investments.
Argentina is a new player in the bond market. For years, Argentinian bonds were not available, and the world longed for the opportunity to invest in this country. Argentina is looking to raise $12 billion in the bond market. This money will help the country invest in itself, and continue to grow. Some buyers might avoid Argentina, and instead choose to invest in larger countries, but many high profile names have already announced their intention to invest in Argentina. Highland Capital is the biggest name to endorse investing in Argentina.
Highland Capital has always been a major holder of Argentinian bonds, and they seem even more confident in the country now. The leader of Highland Capital, James Dondero, recently announced that the company likes the price offered by Argentina and the price the bonds are likely to trade for on the market. James is especially confident given how Argentina compares to other Latin American countries. Early yields will be around 8 percent and long-term yields will stay around 6 percent. Highland capital should be a major buyer in the next release of Argentinian bonds.
James Dondero is one of the leading minds in the financial industry. He is extremely well trained and made a great deal of money in the nineties. He founded Highland Capital in the early nineties, and quickly found himself innovating new financial products. He helped created the Collotarized Loan Obligation, the CLO. This new financial product tied several debts together allowing investors to make more money. Highland became the top company in the CLO market and James Dondero became quite successful. James later innovated several different financial products, including hedge funds, REITs, ETFs, and private equity funds. These products were extremely popular and made both James and his investors a great amount of money. James and Highland Capital Management continued to grow throughout the 2000s and today Highland considered one of the most successful companies in Dallas.
Argentina is going to issue new bonds soon and James Dondero will invest heavily in the country.