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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (3716)	3/1/1998 6:33:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

Hi All: I saw this letter in the latest (March/April) edition of "Consumers Digest" and thought it would make an interesting read. The guy is replying to a previous article about asset allocation. Read on... (I have italicized a few sentences and phrases for emphasis) ---------------------------------------------------------------------------------------- I don't normally write to editors of magazines, mainly because I don't have that much to say. But after reading "Your Best Investments for 1998" (Jan/Feb 1998), I felt I must bring to your attention one statement : "Although returns on international or worldwide stock funds pale in comparison with domestic stock funds -- and the wrenching volatility will continue -- they should comprise about one-third of your portfolio." Do I understand you to advise your readers that even though they can make more money in the United States and avoid the pitfalls, volatility and losses brought on by the unsettled foreign markets (such as the Asian markets lately), they should still send one-third of their investment dollars overseas? This is absurd. You should retract it. If it weren't for the First Amendment, it would probably be criminal. Stock pickers and forecasters are a dime a dozen, but this advice is plain wrong -- wrong for the theme your magazine projects, and wrong for your many readers who trust your advice. ---------------------------------------------------------------------------------------- Any comments? Dipy.