7 Latin American Stocks to Buy for the Long-Term
Latin American stocks might not be the most stable holdings on the planet - but that's just fine if you're an aggressive investor. That's because the region offers some of the more explosive growth opportunities in the global market.
Brazilians have a tongue-in-cheek saying about their country: Brazil is the country of the future ... and it always will be.
That's probably a little unfair. Brazil and Latin America in general have grown and modernized to the point that their economies are barely recognizable to those who remember the commodity-driven economies of decades past. Latin America is highly urbanized and has a vibrant and growing middle class.
All the same, the region still has a long way to go to meet developed-world standards. For example, per capita income in the United States, Germany and France is $59,495, $50,206 and $43,550, respectively, according to recent estimates by the International Monetary Fund. In contrast, Chile - the wealthiest country in Latin America - has per capita income of just $24,558. Argentina and Mexico weigh in at about $20,000 each.
Rome wasn't built in a day, and it will be a long time until these countries approach developed-world living standards. In the meantime,
