Re: Scott Burns- The Good 'ol Days
There are lots of ways to invest overseas in emerging markets. The biggest hurdle is getting over the psychology of being in these relatively riskier (short term, but who knows?) investments. If you think enron is bad, things can be even wilder and woollier in these developing asian countries, where many of the companies are family controlled.
Things have been pretty good in the past few years in emerging markets, but I also held these things through the 90s when they seemed to lose money every year.
If they are part of a diversified portfolio of equities, though, my sense is the risk can be managed. Over the long run, even if Scott Burns is only a little right, I harbor the belief that these will prove to be safer investments than US equities. Let's check back in 30 years and have a good laugh about what actually happened!
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)