udravi

That seems very doable. I live in Europe - not sure if the same applies to US residents who want to open an account. I recently opened an account at Boom from Europe and it was rather smooth. The witness was a public official at the municipality who also certified a copy of the passport basically for free. Account was opened in a few days. The thing I disliked was the fee to send money to Hong Kong (around 45€ - not huge percentage wise but I am stingy).

Merry Christmas and thanks for a great board. Cheers.

Congratulations. Great results for most - only one person posted negative returns. Investors with below-average results might perhaps be reluctant to publish. I for instance have managed ~11% only. While disappointed, I have avoided the rule number one... In retrospect, I have made some mistakes : cash reserve of approximately 50% with a hedged portfolio hoping for a market correction. Now I am trying to avoid stupid investments motivated by fear of missing out.

No hurt feelings, matjone. The fact is that investing in Slovenia or in other “similar” markets (Eastern Europe, south-east Europe or even Russia, etc.) is, everything else being equal, riskier than in other “developed” markets. I do not think that WB would invest in these countries even if the size of the companies were appropriate and selling at very low valuations. On his visit to Europe he was asked if he would consider investing in the Czech Republic. He diplomatically said no. Many factors play a role in the relatively low prices in SLO: economic challenges, cultural issues, corruption, rule of law or lack thereof, state control of the economy, size of the market, lack of liquidity, lack of foreign investors, non-shareholder friendly culture, relatively low profitability (most companies have ROE lower than 10%). That said, Slovenia will not disappear and at a right price there might be some interesting risk-adjusted opportunities.

It is not that crazy of an idea if you can find good investments. I am a Slovenian citizen but not currently a resident. Have owned shares in the past but through local brokers. Not sure if there are any international discount brokers for the Slovenian stock market. Some local brokers: http://www.gbd.si/Default.aspx http://www.ilirika.com/ - I am afraid online accounts are available for Slovenian citizens only, to be checked. In the recent years I was thinking to buy some shares but could never decide: not cheap enough, too much trouble with opening an account, tax issues. If prices were to fall further I might consider opening an account. Good luck ;)