UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: IKan Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1193  
Subject: Re: Foreign Content up to 45% or even 100% Date: 3/28/2000 9:53 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
Now obviously we want some foreign ownership for diversification. But the point of diversification is to lower risk, and some analysts say that any more than 30-35% foreign content increases risk from the currency markets more than it helps from diversification.

Achilles2,

"Some analysts"????

Here at the FOOL we like to base our actions on our own founded info. -DD (due diligenge). Analysts, smanalysts.

Take the grand daddy of all CDN. mutual funds -Templeton Growth Fund, as of February 29, 2000 (a global fund):
30 years: 16.1%
since Nov. 29, 1954 (~45 years): 14.1%. I have seen it as high as in the 18teen%.

I know many people, and some financial planners, who would love to have this kind of long term performance from any fund in their accounts, or for their account period.

There are many other foreign funds with Long Term records that blow the pure CDN. content funds out of the water. Sure, never put all your eggs in 1 basket, but just be cautious when using an analyst's thoughts. You can relatively easily research the required info now-a-days through books and web sites. Using the mutual funds's web site and the Globe & Mail may be starting points for people who do not know this - I'm not suggesting you do not.

IMHO.

Just my 2 cents worth on a subject dear to my heart.

Invest in what you know. Not what some analysts says. Remember, his job is to voice an opinion, not to make you money. Some analysts are notoriously incorrect, as are some financial planners. I've met some.

IKan
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement