On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Jon Wingent to discuss opportunities in international investing.
Here are some key takeaways from their conversation:
- Most investors tend to have a home country bias, allocating most of their investments toward domestic stocks and companies.
- Most investors hold less than 10% of their portfolios in international stocks, despite the U.S. making up only 24% of global GDP.
- Jon says U.S. stocks are currently more expensive compared to international stocks. Furthermore, international stocks can offer higher dividend yields than U.S. stocks.
- Warren Buffett has invested a significant amount in Japan, indicating long-term potential. The weaker yen, economic reforms, and tourism boom have attracted a considerable amount of foreign investments in Japan recently.
- Chris and Jon touch on the potential of emerging markets like India, Brazil and Vietnam, which have growing middle classes and are making favorable progress in fiscal policy.
