CNN's John Defterios talks about buying a company in a country he doesn't know much about. He asks: How can I be confident enough that this is in my circle of confidence? And yet you could say, well, it's Norway. It's like probably fine, just by reputation. But do I need to go as an investor before I buy that company? Do I need to learn about their parliament and their political system? You're looking at predictability when you're looking to buy a business.
What does “the market'' mean to you? For many listeners of this podcast, that term carries a strong Americentric connotation, but with the instant worldwide connectivity of the 21st century, the borders of our financial markets have quickly begun to blur.
With the myriad factors that dictate whether or not a company is worth investing in, we must take into account the additional considerations that are necessary when dealing with a company that operates within a different culture, language, and political/regulatory climate than the companies we encounter within our own countries.
With Phil and Danielle reunited following their summer vacations, these recent travels brought them back this week ready for a discussion about their own practices when it comes to foreign investments.
If thinking about international investments has you reaching for a guidebook, click here to get your copy of the Rule #1 guide to gaining financial freedom, Map Out Your Investing Journey: https://bit.ly/3DTy4qN
Topics Discussed:
- Researching companies overseas
- Analyzing trends and forecasting future developments
- How to compile and prioritize companies
- Finding enjoyment from the process
Resources Discussed:
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