Hold em Or Fold em: Tips On Managing Foreign Investments
A successful baseball manager knows when it is time to pull his starting pitcher out of the game and bring in his ace reliever. A good poker player knows when to get up and leave the table with his winnings after the cards start going against him. A top boxing trainer knows that sometimes it is better to throw in the towel and save his fighter for another night, rather than having him go on all 12 rounds and risk serious injury. In the world of sports, the top people know what to look for, and know the actions that need to be taken to give them the best chance for success.
The same holds true with investing and particularly in the area of foreign investing. Knowing when it is time to cash in your overseas investments is every bit as important as finding the right investments in the first place. The challenge, of course, comes from the fact that your foreign investments are affected by factors that, in many cases, your US investments are not. While it is certainly true that we live in an increasingly global economy, those trends and events that affect the New York Stock Exchange and the NASDAQ and...