betting on asia

As I am newly gainfully employed and 26 years old the decision had to be made... invest or perish. This was the first year I've spent safely away from ever impending financial precipii since college so I have started saving for a rainy day. My Onkel Bob has been investing money I wire him biweekly into a fund called OBCHX. Here is some info below.



Having served on for a major New York Stock Exchange firm, Oberweis founded and published the Oberweis Report newsletter which focused on emerging growth companies. Hulbert Financial Digest ranked the Oberweis Report as one of the top five investment advice newsletters. In 1978, Oberweis and his wife established an investment management company of their own. In 1986, they used their profits to purchase the family business, Oberweis Dairy. A year later, Oberweis founded the Oberweis Emerging Growth Fund which then spawned the Oberweis Micro-Cap Portfolio and the Oberweis Mid-Cap Portfolio.

Oberweis moved the Oberweis Dairy from Aurora, Illinois to its present location in North Aurora, Illinois. He also began a chain of company-owned dairy stores, and has maintained a dairy delivery business to homes in the Chicago area. A franchise program was begun in 2004, to expand the dairy business outside of northeast Illinois.

Jim Oberweis, editor of the Oberweis Report and manager of the Oberweis China Opportunities Fund (OBCHX)--which gained 81% in 2006--believes that Focus Media (nasdaq: FMCN - news - people ) and Baidu.com (nasdaq: BIDU - news - people ) both look like good buys today, but he's waiting a day or two to see if the market stabilizes before he puts $100 million in cash to work on behalf of his fundholders.

"It's not unheard of for a market that's up 100% in a year and trading at 40 times earnings to take a breather," says Oberweis.