Investor’s Business Daily- May 7, 2021
Investor’s Business Daily recently asks David A. Schneider about international investments. In the article, he pointed out that “given the recent performance of international markets, people aren’t necessarily thrilled about international diversification,” and added, “but I tell clients that a substantial part of the world’s wealth is outside the U.S,” explaining that global stocks serve in diversifying a portfolio, noting how the S&P 500 lost money from 2000 to 2009. He stated, “to avoid the risk of a lost decade, it’s important to have international diversification.”
He went on to say, “If a client wants to exclude a certain country, I may reply that I don’t particularly like that country either. But successful investing isn’t about whether I’m personally enthusiastic about a country or region. It’s about adhering to a disciplined process and gaining exposure to areas” that enhance the overall portfolio.