My 55 2014 stock picks lagged badly. Equal money invested in each, upon publication, less a 1% commission haircut, did four percentage points worse than the same money plunked into the S&P 500 (with no haircut). Why? Mine were only 47% American. So while my picks actually beat the Morgan Stanley World Index (which itself is 58% U.S.) by more than 2%, that’s cold comfort when the S&P fared so much better.
America has led this whole six-year bull market overall and, with hindsight, for many reasons. Increasingly I hear investors ask if they shouldn’t just junk overseas stocks and stay home. Continue Reading »