Monday, May 22, 2006
Whew, rough weekend. This is what I looked like this morning.
The Sunday New York Times had a good article about investing in foreign stocks.
The article quoted several strategists with various ideas on how much foreign to have. One big positive was that no one quoted said that instead of owning foreign stocks just buy stocks of companies that do business overseas.
Buying US multi-nationals is fine and it is suggested in the article but they are not proxies for foreign stocks. In the past, there have been many people in articles like this saying that they are. Thinking you have foreign exposure because you have Proctor & Gamble (fine company though it is) is wrong, in my opinion.
One of the things that the blogosphere delivers to do-it-yourselfers is how to look at markets and investing beyond the standard fare from main stream media. Maybe main stream media is taking a page from the blogosphere.
Posted by Roger Nusbaum at 5:42 AM