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Author: HelicalZz Big gold star, 5000 posts Old School Fool Coverage Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8754  
Subject: Re: Siegel's recent book Date: 8/30/2006 9:08 PM
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Bob,

I think you can find good reason's to avoid investing in most countries, whether demographic, government policies, or otherwise. What is nice about an index like EAFE is it is diversified. Siegel would argue that that one should avoid looking to countries that are clearly growing rapidly like China and India because the price is likely too high, and instead focus on places like South America which is more of a value or turnaround play.

I have no idea what is right. I did buy into an India focused mutual fund recently (very favorable demographics, turning towards capitalism, English speaking) but only after the fund and country suffered a large correction (this was recently). Still have no idea if that will work out long term.

While on this board, I should say that I do like and own PID. This is a powershares ETF that invests in foreign companies that pay dividends and have American depository receipts (trade on US exchanges). I'm fairly confident that this will be a good long-term diversified holding. I held the EAFE tracking ETF (EFA) but let it go a while back and consolidated into other foreign holdings.

By the way, I'm a biochemist. I read a lot but really don't have much of a track record as an investor, so only use my comments as ideas for your own diligence.

Zz
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