When I was practicing law, I was trying to figure out why we didn't have any Indian offices of our law firm. And it's because foreigners couldn't invest there. This may have changed, but they also made it almost impossible for non-Indian investors to invest in Indian companies. You know, if they're in Turkish Lira, man, you got to follow the relationship between the Turkish Lira and the dollar that you're using to invest with. It's a whole thing just to keep track of where you are if the currency isn't one of the big currencies like the Euro or the Yen or the dollar.
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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