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| The Deal with Overseas Stocks |
| Friday, 23 November 2007 | ||||||||
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A question from a reader: Isn't there a mutual fund that covers the best overall foreign stocks? Wouldn't that be an option for your future funds with the interest being reinvested until you needed them? I think it would bring in more interest also. I might be wrong, I am just a very small investor but I like to study and hope for more one day. Thanks, Greg Dear Greg, If you are young and interested in getting larger returns, investing in exchange-traded funds (ETF) or exchange-traded notes (ETN) that cover foreign stocks is a good idea. One ETN that specializes in the India market is the iPath MSCI India Index (INP). This fund tracks the performance of the top 68 companies listed on the India Stock Exchange. So it’s well diversified and should follow India’s growth very closely. But if you are getting close to retirement, putting all of your money into these funds wouldn’t be a good idea. Instead, investing in various overseas bonds such as the 10-year Queensland bond I talked about last week would give you security plus a good yield. Notice I’ve been talking about foreign stocks a lot more lately. In the end, the U.S. economy is slowing down, interest rates are dropping, and we might hit a recession next year. But when you look overseas, growth is exploding. Putting your money into overseas investments is a great way to buffer a U S slowdown. Good luck. P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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