My stock buddy has recently fallen in love with foreign currencies…just not trading them in the Forex market as I do.
No instead, he’s buying international stocks. As I mentioned yesterday, he called me recently to find how I choose my foreign currency trades. I told him you always want to pick a stock from the strongest fundamentally strong country.
That way, hopefully the local currency will also sail higher as the stock does, and you’ll earn extra currency profits when you sell your foreign stock.
My insider information is exactly what he needed. Now he’s calling me for all his foreign stock research. We even decided to team up when he goes looking for another foreign stock.
He will have me do what I do best…point out the best pond (economy) to fish in. Then he’ll do what he does best and tear into the fundamentals of each security to see which ones have the best fundamentals.
It’s been a beautiful thing for him. We’ve both been ecstatic with his results.
Now, based off of all of this …I bet you can guess that the U.S. stock market is not my top pick for stock investments. The U.S. is literally drowning in its own debt right now, not to mention stuck with high unemployment, the run-off of this recession, and still mostly weak data across the boards.
Why would you buy strictly U.S. stocks when you can get stronger, better-performing stocks abroad?
