Originally Posted by justplainbll
Post WW II, the value of your cash assets (US $)has declined considerably vs many of the other cash assets worldwide- eg. JPY has gone from over 300 per USD to under 79 per USD.
Given the amount of international investing that was being done in that era by the typical American investor, did that fact really matter? I would think most thought of their wealth, or lack thereof, relative to their neighbors, or at worst, other Americans.
But today, yeah sure, it makes sense to internationally diversify. My "cash equivalents" aren't necessary foreign but, speaking for me, I have enough foreign exposure to address falling dollar issues.