Where else instead of US ?
For long term holdings, as opposed to this years' favorite country, there are only a few possibilities -
1) Switzerland - but tends to be overpriced and low growth. Useful for preserving some capital, not making. Also surronded by EU, possibly not good long term. Also it's small.
2) Norway also very small, and a wanning petro country, but outside of EU & Euro.
3) Canada. This assumes the US doesn't fall apart, it just gets worse. Since it is a resource country, a manufacturing country and has finance and services, plus access to Atlantic and Pacific, chances are it will do much better than muddle through. Note lack of military / imperial drag on the economy. Positive immigration effects. Note that it is an Oil and Natural gas exporter. Very large market close by also.
Outside of those, there are lots of special situations - Japan high tech, French pharma, China coal, gold miners, etc. |
