Step-by-step guide to investing: seminar 14

Unlike the friendly but totally useless sloth,  South American markets promise to be industrious, vibrant, and dynamic in the next decade. This should prove rewarding for the awesome Templeton Emerging Markets Trust, managed by the fabled Dr Mark Mobius and his team of 35 portfolio managers round the world, who speak 22 languages and dialects between them.

The trust - known as TEMIT - is on a discount to NAV of around 7%, and although it's very much a long-term growth trust, it does pay a modest 1.3% annual dividend. Moneybox Man is hooked on yield, and feels physical pain at the thought of buying a trust yielding less than 4% - but in the case of TEMIT and Sue Rippingall's Scottish Oriental he is very much a buyer.