Episode 221: All Roads Lead To More Cowbell -- Shplendid!
Risk Parity Radio
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International Stocks vs Domestic Stocks - Why Does That Matter?
When the US dollar is weaker, international stocks tend to outperform US equities. If you are a US investor investing in international stocks and you're not currency hedged, then a good part of your investment is speculation on the value of the US dollar versus other currencies. So while I'm not opposed to reverse to holding international stocks as a US investor, I think what we need to avoid is this kind of blind belief that that is somehow a real diversification play when it's not really much of a diversification play,.
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