Hello -

I'm newly Foolish, having recently decided to stop supporting fund managers and to consolidate most of my long-term money in F4 stocks and the VFINX (S&P 500) fund.

I'm still holding the T. Rowe Price Global Stock fund, however, and can't quite decide whether I should let go of it. The U.S. portion of the fund consists mostly of S&P and Dow stocks, so I'm not gaining anything there -- might even be losing! The foreign stocks are all large-cap, established companies, so I'm not looking at the prospect of any spectacular gains; the only advantage that I can see is in owning a piece of foreign blue chips that I couldn't otherwise get.

The down side is that I'm paying the management fees and possibly diluting my potential returns. I suspect that the real reason I'm keeping this fund is because I've been indoctrinated into believing that the diversification into foreign markets will compensate me when the NYSE goes down, but so far that strategy has not done me much good!

Fools say that owning Dow stocks gives me plenty of foreign diversification because they're multinational operations -- so what do I need this global fund for? Anything at all?

Thanks for your thoughts and for reading mine.

KG