No matter how many books we read or how many hours we pour into our market research, the future is still uncertain to even the wisest of investors. When the mantra of “invest in what you know” is faced with the unknowable, what is the right move for those who are confined to the present?
With every passing year, it gets easier to invest outside of our own borders. However, the enticing potential of emerging markets and discovering relatively unknown companies is balanced by the risks associated with cultures, governments, and business practices that are foreign to those with a Western-centric mindset.
This week on InvestED, Phil and Danielle discuss the pros and cons of buying into companies overseas, and why many people are more comfortable keeping their investments close to home.
To expand the borders of your own investing knowledge, check out our guide of The Best Investors in the World to pick up some tips from top minds in every corner of the globe:* *https://bit.ly/3DhbmIS
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