Me too. We may have to wait 10 years, give or take 9.
That noted, the international has done pretty well so far this year, for the first time in quite a while. (There! I probably cursed it.)
That's how diversification should work, eventually--preferably before you are dead.
That noted, the international has done pretty well so far this year, for the first time in quite a while. (There! I probably cursed it.)
That's how diversification should work, eventually--preferably before you are dead.
Ah hah! Someone finally brings this up.
Well, the above reason has been why I have been holding a larger AA in international stocks, particularly EM as I think developed European economies don't even look as good as that of the US.
Alas, I am still waiting to be vindicated. The past few years, I have been trailing the S&P for the above reason.
Now, US companies are doing a lot of business overseas too, probably a lot more than in 1960s and 1970s. Would that keep us from repeating that stagnant period? But then, we are talking free trade and all that politics stuff.