NoLimitLion
New Member
Cash: $ 0.90
Posts: 4
Joined: 01 Dec 2004
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| International Funds |
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All,
I have been interested for quite some time in diversifying my portfolio by adding an international mutual fund. However, with the dollar hurting as much as it has recently against foreign currencies, I was wondering if I should put off establishing an int'l fund account until the dollar strengthens. The only problem with that is that I don't trust myself to keep a substantial amount of money like that in a paltry money market account and I'll likely have it invested elsewhere by that time. What should I do?
Thanks in advance.
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Fri Dec 10, 2004 5:01 am |
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marotta
Senior Member
Cash: $ 81.84
Posts: 332
Joined: 19 Nov 2004
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| Financial Wisdom on Foreign Stock Investing |
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Hi NoLimitLion!
While no one has a crystal ball, I beleive that the dollar will continue to decline over the next 3-5 years. You need to diversify your portfolio to weather the possibility of the dollar strengthening or declining, but I would emphasize the possibility it will decline further.
I invite you to look at these articles:
http://www.emarotta.com/article.php?ID=56
Bush policy taxes wealth by devaluing the dollar (2004-09-06)
“The art of taxation,” said the French finance minister Jean Baptist Colbert, “consists in so plucking the goose as to get the most feathers with the least hissing.” The Republicans have proven themselves the better pluckers.
And this one that I wrote over a year ago:
http://www.emarotta.com/article.php?ID=46
The Implications of A Sharply Rising Money Supply (2003-09-08 )
A policy of accelerated money growth by the Fed will have some significant consequences. Renamed: “Gauge economy by keeping track of money supply.”
And for foreign investments:
http://www.emarotta.com/article.php?ID=48
Five Reasons to Invest Outside the US (2003-08-25)
Here are five reasons why you need to continue to have a significant foreign stock investment.
At Marotta Asset Management, we use the Heritage Foundations ranking of economic freedom to over emphasize specific countries. For more information read:
http://www.emarotta.com/article.php?ID=15
Economic Freedom Part 1: Invest in Countries with Economic Freedom (2004-04-12)
Protectionism doesn’t work. Trade, not aid makes countries better off. And countries with economic freedom will experience the most lucrative trade.
http://www.emarotta.com/article.php?ID=16
Economic Freedom Part 2: Let Freedom Ka-Ching (2004-04-19)
Freedom matters. Those countries with the most economic freedom provide the best place for your foreign investments.
Look at iShares ( www.iShares.com ) for very low expense ratio methods of implementing such a strategy.
Hope these thoughts help!
David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
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Fri Dec 10, 2004 3:34 pm |
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