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Ought to throw in that this week I dropped a little money into VGK (VANGUARD FTSE EUROPE ETF) Mutual Fund. I specifically didn't want to spend too much time trying to figure out the regulatory risk, but I decided I ddi want some more exposure to Europe. I think I am early on the Euro valuation, but I am willing to put more into it later if the Euro really tanks. I think the combination of the low Vanguard fees and re-investment of dividends will work out okay for me.

Have to say, one of the benefits of the brokerages tracking cost basis for our 1099s nowadays is that owning a mutual fund in a taxable account is not the same huge headache it once was. (Still have to pay along the way for other peoples' turnover, but reporting a sale doesn't drive one as crazy as it once did.
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