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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (14557)	6/19/2000 11:26:00 AM
From: Kirk ©	Respond to of 15132

I agree somewhat with your sentiment. I put about 10% into foreign as I figured my international exposure through Agilent, HWP, Intel, IBM, Msft, LRCX, AMAT, etc... was probably about 50% of revenues or more already... so I had more than enough exposure overseas. I still like SOME overseas as I can get a few stocks like NOKIA, Sony, VOD, etc. with international growth portfolios and index funds. 10% was much more than zero percent, but I think your's and Jim's arguments are valid. Key to Jim's portfolio not noted is they are all leaders in the international arena also. Also, you don't care what some greater fool is paying for AmazonDotQualCom as you just add to the stocks when they are low and know they will do well over the decades so DCA into the best values each month works.

To: w0z who wrote (14557)	6/19/2000 11:47:00 AM
From: Boca_PETE	Read Replies (1) \| Respond to of 15132

Bill T: RE:< Why take the currency risk ? > Given the FED's determination to slow growth in the US economy, the strength in the US Dollar during recent years, and the growing U.S. trade deficit; as U.S. economic growth slows, Foreigners may buy less or become net sellers of U.S. securities. This could weaken the U.S. Dollar if not offset by rising interest rates to attract capital. When the U.S. dollar weakens, local currency international investments rise in terms of U.S. dollars (ie. more dollars exchanged for each local currency unit). That's why international funds could be an excellent go-forward bet in my view. Granted that the earnings of U.S. multinational companies that sell overseas in local currency and buy or incur costs and expenses in U.S. Dollars increase as local currency sales translate into more and more dollars when the dollar weakens. Also, while many U.S. companies manage foreign currency risks adequately, some don't do that well. Finally, I agree with your point about FASB and SEC rules being preferable to international accounting and disclosure rules. Another risk is country specific politic risk that can get scary. P