There have been exceptions, but in most cases they will. The question I'd ask myself is: would you rather buy more of your US equities or more of your international equities in a downturn?
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Replying to @Tinyvalue @ValueStockGeek
Global investing is a good idea. We all have a home bias. Research by AQR shows internationally diversified portfolios recover ~40% faster. And chances are low you're in the best market over the next 25 years.
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Replying to @Greenbackd @ValueStockGeek
Thanks for the awesome info Tobias. Didn't know the recovery bit. Do you know what percentage weight the international equities constituted on average?
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Replying to @Tinyvalue @ValueStockGeek
Not sure I understand your question but check out the AQR paper on global value. Lots of charts and stats.
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Replying to @Greenbackd @ValueStockGeek1 reply 0 retweets 2 likes
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Replying to @Greenbackd @ValueStockGeek
Thanks a bunch! I appreciate you taking the time for a wee grasshopper like myself.
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Great thread! Still have a portion indexed and like having some of that international. Geographic mix, cheaper markets, mitigates home bias. Mostly (not always) keep bottoms up analysis to the US. That may change as I broaden the circle of competence. Cloning works too :)
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I’m just now realizing that you guys wrote the recent pieces on AGX! Enjoyed those! Started looking at it last year. Guess I should thank Tobias aslo, as I’m pretty sure it showed up on the AM screen at one point.
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Thanks for the kind comment! A year ago I was looking at stocks trading 70x "normalized earnings," so you're way ahead of me.
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