BULLS & BEARS: Foreign stocks aren’t shield against bearish U.S. market
A client of mine recently expressed concern her portfolio didn’t have foreign stock-market exposure. Because of this lack of diversification, she said, her account had just been “muddling along” for the 22 months we had been working together. Her concluding statement: “You haven’t bought me any foreign stocks to protect my portfolio in case the U.S. market suffers a calamity!” You know how a dog’s head quizzically tilts to the side when you talk to it? I think my head…