Does International Investing Still Make Sense?
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- Опубликовано: 29 авг 2022
- In this video, I'll make the case for why it still makes sense to continue investing at least some money into an international index fund or ETF.
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The debate never seems to end when we talk about whether or not it makes sense to invest some of your money into an international index fund or ETF. Many people are torn because based on recent history, U.S. index funds and ETFs have outperformed international by a large margin. If you invested $10,000 into a U.S. stock index fund/ETF and the same amount into an international index fund / ETF then after 30 years your U.S. portfolio would be worth $175,000 and your international portfolio would only be worth $41,000. That's too big of a difference not to question if it still makes sense to even bother investing some money into international funds.
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.
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love the last bit of the video about stepping back and having a think. not many ppl on here mention it and i think it is so important!!
The last part of this video where you suggested to wait, that was really awesome. Thanks for a great genuine video.
My pleasure!
Love your channel! - I have very little International and am considering increasing some as you suggested. I don't have much in that bucket because of the past 30 year+ performance and comfort with US, just as you mentioned. Appreciate your content and very sound advice that you consistently provide! Also appreciate the little things like "Don't do it because I said so now, you need to do it for you or you will run when it gets tough" (paraphrased)
Thanks for the kind words. I'm self aware enough to know that what I say carries some weight because I have a platform like this. It's important for me to tell everyone to pump the breaks so they don't blindly do things just because I'm doing them.
First time I see your channel, you have great content!
I'm starting to hold VT for the sake of simplicity + avoid the temptation to rebalance US/international stocks.
I appreciate the feedback. I love the reasoning behind your strategy of going with VT. Tells me you understand your emotions/tendencies as an investor which puts you in the top 1% 👍🏻
I'm at 75/25 us to international. I think I read it in random walk on Wallstreet. It seems a little high but I do remember Bogle saying that it doesn't matter if its that high as long as you don't keep changing your allocation. I don't mind the risk because I do have a pension and rental income. I'm 42 and I still have some growth to gain before I need to be conservative. I'm also an avid traveler and it confirms my, your belief that our country is incredible but I've seen some serious potential in other parts of the world. I don't mind the risk of investing in their future
Jarrad , love your channel! You should do an M1 portfolio update.
Thanks for the videos. I actually started investing in an international index fund abut 6 months ago in my Roth IRA. I am actually doing a 80%/20% split between US/International
Why?
Immediate thumbs up for Starsky and Hutch. I have 20% International stock index funds, and I'm holding out for the long run. I have it in my portfolio because of political risk, diversification, and because the rest of the world may become a larger share of the pie in the future.
Same!
Cool video thank you keep up the great work
Thanks, will do!
I am not in the US and my index fund portfolio includes 60% US, 30% Intl, 10% Other. Thanks for the content you prepare !! I've been following you for quite some time.
Appreciate the additional info. Since I'm based in the U.S. I always enjoy hearing how others are investing who live outside my country
60% us 30% international. Whats the 10% other? outer space?
@@amazinglats6020probably bond
@@amazinglats6020 cash, real estate, gold, art, and a million other possibilities.
Currently at
45-us large
25-us mid
20-us small
10-international
I am uncertain going over 10% as i find international markets more complex. Developed/emerging/etc. would be great to see a video going into the depth of different international equity classes to help raise my understanding, therefore my confidence.
No bonds ir treasuries?
The more I have learned over the years, the more comfortable I am taking risk investing internationally. I prefer 40-60 percent of stock allocations to international.
Our international allocation is less than 5%. Will be adding more / reallocating over the next year. Our goal for our retirement, non brokerage, is to have around 15% global. Will do that mainly by buying more VT and VXUS.
I like that strategy. Thanks for sharing!
I've got about 10-12% in International (62 y.o.)
I split my US stock funds between total index and small cap index. Reason: the total market funds have about 25% of their value in a few stocks
Thanks for keeping it simple.
No problem!
Don’t forget to mention the currency exchange risk that can affect returns.
Great video... I keep 20% of my stock allocation in international funds. I hate them sitting beside a US Index.. but I'm also old enough to remember the 80s when 8/10 of the largest companies in the world were Japanese. Will it happen again? Maybe or maybe not but I put a portion of my assets there for the long haul.
Look back to the 1990s. Vanguard's International mutual fund (created in 1996) outperformed the S&P 500 10 out of the 28 past years.
Great topics. The target date fund of vanguard in my 401 has 35% intl. it’s time to get rid of it
As a Korean investor living in the U.S., the reason why I’m hesitant to invest in international stocks is the exact opposite of what you said: I’m too familiar with some of them and not in a good way. Heck, Koreans always bash on KOSPI (Korean stock market) and make fun of it because when Dow goes up by 10, KOSPI gets a boost by maybe 2, and when Dow goes down by 10, KOSPI tumbles by 20. And that includes our golden child, Samsung.
Granted, there may be good companies that make up the ex-US market, but there are also a lot that are worse than the Korean ones. And this makes me weary of investing in all foreign companies through index funds/ETFs (where I have no control over which companies to invest in.)
The world is much bigger than Korea and the US.
I would recommend IWQU. They invest in the highest-quality companies worldwide (quality defined as high return-on-equity, high debt-to-equity, and low earnings variability). Although, they exclude emerging markets, so you'll have to invest in those yourself. But you can just look up the top holdings of the MSCI Emerging Markets Quality Index and manually invest in some of those to get a similar effect.
I have an explanation for this, and that is that US companies are very honest usually in their FS reporting because the entire system is already setup to maximize stockholder values in terms of low or zero taxes, minimal regulation etc. Asian companies on the other hand have to do a lot of underhanded magic give the majority shareholders or owners a reasonable return and this comes at the expense of the minority shareholders usually in the form of related party transactions and outright fraud.
Similar to how energy never disappears. It just transfers from one state of matter into another; So does your money. If your favorite US fund / stock looses profits there's a high probability that it may have been transferred out internationally. Setting yourself up for international exposure allows you to be in the receiving end of that transfer of matter/money(same difference). 😉👍
Hey I just popped in to say I’m happy for you, looks like your channel has been growing quite a bit, I was watching you when you started, you got me quite motivated at times.
Unfortunately after this pandemic and stress and anxiety Bull shit, I got myself into like 19k in debt, so last night I brought it down to 13k.
I hav an old car im trying to sell for 10 right now so that will go towards the debt, I have 6k in the bank but I’m afraid to use much more until I get a raise or new job.
I was doing side hustles but got exhausted.
I only make about 45k yearly at work.
Anyways, if you have tips, then terrific, otherwise, honestly just popped in to say good job with your channel, you should be proud.
Hey 👋... I'm not a financial guru or anything but I can tell you that I'm almost 50 with 2 very young dependents ( 3,7)... and I have more liability than assets... but, I'm just investing 200 bucks a month no matter what no matter what no matter what... chip away at the debt and just sock away 25 to 75 bucks a month like you never even saw the $$ ... you didn't say how much time you had to retire or family to raise, but if you can remember that TIME is more valuable than $$ , you'd be way better off than me, I didn't restart my Ira until I was in my early 40s
@@michaelmoorhead762 yeah I’m screwed, just now starting retirement and I’m 47…………….paid that debt down to 7k now, and can actually pay the rest but don’t want to use all the savings, may pay half, idk, but yeah, no retirement, just getting started. Single no kids.
Need promotion or new job, but anyways, yeah still trippin.
How about SCHY? It takes the SCHD strategy to international.
I own 20/80 between Int/US Domestic in my portfolio. I am starting to wonder if I should split my Bond index fund into an Int Bond Index fund as well. Would be curious what is your thought about this idea.
I wish Vanguard had cheap ETFs for a mixed portfolio of bonds/stocks for countries instead of global etf. If so, could pick and choose some of the countries.
Example, I would invest in some emerging markets, like Chile, Brazil, Poland… but would totally avoid China and Russia.
BlackRock does that, though the expense ratios tend to be on the higher end.
located in the US and operating internationally.
my allocation is whatever the market decides. My favorite index fund is VT because it's completely unbiased. It just matches the market capitalization of the world for every stock. At the time of this comment it's roughly 39% international
Market cap ETFs is literally a bias for bigger companies
@@sterlingcampbell2116 What you mean? It's just following the market. There's no bias for any companies
@@doomshallot4203 true diversification would be an equal amount in all companies. Putting more onto large caps is literally a bias for large companies.
@@sterlingcampbell2116 Yeah that's one way to frame it. But it's really a bias towards the efficient markets hypothesis, which is the foundation for all the research that shows market cap weighted index investing beats the heavy majority of other strategies in the long run.
My top 3 ETF’s on my portfolio are VTI, VFH and SCHD. Don’t have any international exposure nor planning to have one. I’ll stick with US economy. Just my .02
VTI has no international exposure?
@@neilblondell4235 it’s all US stocks
You're in good company. The 2 investors I look up to most, Warren Buffett and Jack bogle, both advise to stick with US stocks. I think rational arguments can be made for and against international stocks, but it's not a definite, glaring error to be 100% invested in the US.
Investing in stoicism along with international and US is wiser as Stoicism will take care of the mental vicissitudes that come with the ebbs and flows of the markets!!!
Ah yes, everyone should invest a little bit of time and energy into learning more about Stoicism
Since I'm investing through Betterment, I'm investing in International Development Markets, & International Emerging Markets (in addition to VTI & KOMP).
Thanks for sharing. How are you liking the Betterment platform?
@@JarradMorrow I got in at August 2020. I like the portfolio rebalancing, tax loss harvesting, and the automatic adjustment. I have a 50/50 stock/bond taxable account I'm using as a backup emergency fund.
I also just opened an account with Fundrise, but since there's a 5 year commitment & it's not liquid, I'm only investing 5% of my income in Fundrise.
I was a proponent of international in the 90s. Not so much now, Tax inefficiency , gains largely owing to currency variations, and political instability.
Thanks for sharing your opinion 👍🏻
Yeah, the US is a real paragon of political stability.
Need suggestions am I overlapping investment in my portfolio and should I convert of the index into the other and just keep one of the two I currently have and which one should I keep?
I currently have
FNBGX Long Term US bond
FXIAX Fidelity index 500
VB Vanguard Small index
VTI Total Stock Market index
I feel like I’m doing something wrong. I would like to add a international index fund but five section pie doesn’t sound smart.
I was thinking of switching to the Total World index.
My portfolio is 20% International.. My international allocation includes: AVDE, AVEM, and AVDV. You didn’t mention that the dividends are quite lucrative on many international funds. I like the added diversity and the value tilt. I am 63.
I think it's good to diversify internationally, at least 10% of your portfolio.
20% in developed markets only - I consider emerging markets too volatile. You could have elaborated that "investing international" is more complicated then yes/no/how much - you also need to decide which proportion of your investment is going to developed markets, emerging markets, or both. Developed markets tend to be much more stable than emerging markets and if you buy a "total international fund" like VXUS then you should know that the fund invests in both (and you may or may not want that).
Thanks for the great content Jarrad! Just a small comment: Those movie clip that you insert in the middle of the video are not necessary, your content and the video is informative and well structured. Nonetheless if youtube statistics is telling to keep adding those clips, well keep doing so, I understand that we all have to serve our clients.
Kudos to you from Bucharest
I have a 70/30 split, with a small cap value tilt. The 30% international is roughly 20% ISCV and 10% EM. +20 yrs til retirement.
What allocation do you have for SCV?
@@JarradMorrow I’m following a strategy of 2.5x years til retirement in a SCV blend and the rest in a TDF. I’m currently at 83%(VIOV-70%,AVDV-20%,VWO-5%,EWX-5%) and 17% in M1 2055 Aggressive TDF.
Oh wow, you have a large amount in SCV across the world. What made you decide to go so heavy into them?
@@JarradMorrow I have been listen/reading materials from Paul Merriman and Chris Pedersen. Their works, specifically the book 2 Funds for Life, convinced me that it was a risk worth taking. I even played around with portfolio visualizer to try and fact-check as much as I could. I had to utilize some DFA funds so I could go back as far as available data would allow(1995), and they beat VFINX. If I remember correctly SCV has had roughly a CAGR of 16% and ISCV has had 14%. Now I know past performance doesn’t guarantee future performance, but given that the diversified portfolio was able to keep pace with and beat the S&P500 I think the diversification can actually lower my risk while maintaining returns.
My international allocation is whatever the international allocation in VT happens to be at any given time. I just let market-cap decide.
Investing internationally is to prevent low returns of us stocks for decades, like what happened to nikkei. Now international is extremely cheap by historical standards, which imply higher returns. I am 60/40 through global all cap etf which is the global market cap. Let's be honest here, the US stock market is an anamoly, not the rule
The USA is an anomaly.
I came across a few great looking ETFs from Dimensional that are basically like VEA/VWO but filter slightly for more value-y companies. What are your thoughts on DFAI (developed) and DFAE (Emerging)… also AVEM from Avantis looks great too. I may replace VXUS with a mix of these.
25% international here
I held on to VXUS too long.
Since Avantis came out with their offerings, I have split my International allocation to AVDE, AVEM, and ADVD.
AVDE is a great large cap fund, pays a nice dividend, and is beating out VXUS, since its introduction.
It can still be potentially lucrative, because you don’t know where the money is in every sector of all markets. I am a firm believer of diversification in response to that. Spread out across all markets in not just your country but the world. ❤️
I live in Canada, but for the purpose of this comment, I'll define "international" as "outside the U.S.A.".
I currently have about 50% of my money in the USA, 20% in Canada, 17% outside North America (about 1/3 in emerging markets), and 13% in fixed income. I've chosen this as a healthy balance between mirroring the total world market, and some of my own investment preferences, like having some extra money in Canada (no withholding taxes!) and some fixed income to stabilize things. I plan to bring down the fixed income to 10% and the non-North America up to 20% when my next GIC matures.
I've consider going 80% USA, but ultimately, I don't want to risk losing everything. There are less things that can got catastrophically wrong if I diversify my investments, and I'd rather retire with less money than risk not being able to retire at all.
I go with the Dave Ramsey investing approach: 25% S&P 500 index, 25% mid-cap index, 25% small-cap index, 25% international index.
As American as type 2 diabetes. As a Brit, I honour your self deprecative humour sir
The S&P is my Intl Allocation :P
Okay okay okay 😂
Good morning. What is your favorite international etf ? Ty for your video
VXUS. It's in my top 5 ETF: ruclips.net/video/Gs0KBX1jC7w/видео.html
What ever happened to buy low and sell high? Foreign (low), US(high).
Currently have 80 US/20 INT in my 401k!
I like it!
Im at 33% just because I know I only need 6% growth to hit my goals and I also do not believe the US wil consistently outperform going forward
Hey man do you hire someone to do your video edits?
Currently I’ve only got a 1% weighting towards strictly international exposure, but I’m building this up. However…
I do have 4% in ark funds AND I WILL FIGHT YOU😂😂😂 Why does everyone love to hate on Cathie Wood? Easy target because her funds are down, I get it. But just like with anything you decide to invest in- give it time. A rising interest rate environment isn’t good for any speculative, innovative stocks… but I’m wise enough to give the ark funds a chance. Five year hold for me. I like Cathie’s investing thesis and find her to be a very intelligent person. We’ll see where her funds are at five years from now. 🤷🏻♀️
😂 they don't hate her because she's down right now, they hate her because of her strategy and outrageous claims about the future returns of her funds (she said 50% per year for the next 5 years). The future isn't kind to people like her who do and say the things she does. I'm sure she's a lovely person who is very intelligent, but that doesn't mean she's a good investor. At least you only have 4% in her funds which is fine for the speculative/gambling part of your portfolio. Follow back up with me in 5 years so we can discuss 😀👍
My international allocation is 75% because foreign countries contribute 75% to the global GDP and I think, in the future, foreign stock market will account for 75% of global stock market.
Happy to hear you found an allocation that works best for your situation 👍🏻
Currently 12% eventually 15-20ish% VXUS. Because I like the bet that Americans will continue to use credit to buy Toyotas, Samsungs, Shell gas, Nestle, etc. Essentially a bet on the American consumer, who makes up a large percentage of foreign companies’ profits. Maybe Germans stop buying Fords, but Americans keep buying BMWs.
Hi Jarrad do you avoid small cap value? If so why?
Technically I don't avoid small cap because those stocks are already held within my total u.s. stock funds. I personally don't tilt towards them because I prefer to stay broad and allow the market to dictate the cap weighting for me with U.S. stocks. Not sure I have the conviction to tilt a little towards SCV and hold on during the down years so it's probably better for me to avoid it completely.
Please did you do a vid on why you don’t care for ARKK? Really like to know your thoughts 💭
Scam
Thanks for the help! I do have a question if you see this. Currently I’m 25 and put most of my investments into VOO (75%of my portfolio), SCHD (15%), and TESLA (10%).
Is that a good strategy for the younger years?
Reduce your individual stock holding and invest in small cap value.
VOO and SCHD are excellent, but you have overlap, and hold all large cap.
Happy investing!
@@bkozulla5841 thanks! Any good small cap funds you’d recommend?
What is your option on the VT etf? One fund and done option?
It's a great "one and done" ETF for someone who is okay with the % of international exposure
Go equal weight VT/VTI. Should put your international at 20 ish percent
What do you recommend for ETF’s (vanguard pls) and what allocation for a 29 year old? Thanks!
Here's a video on my top 5 Vanguard ETFs: ruclips.net/video/Gs0KBX1jC7w/видео.html
Here's my video on how to think about asset allocation: ruclips.net/video/cNvqUszP8Jo/видео.html
All of those videos will give you my thoughts on each topic which is going to be a lot better than what I could type here in the comments
@@JarradMorrow thank you! Love your channel
10%
👍
The fallacy of this strategy is that besides US, there are some mid-wealth EU country that outperformed US by like 40 times, the problem is that they are much less stable, much less diversified, have massive geopolitical risks or just one or two companies in entire country drive whole stock market returns, meanwhile the others either don't move or tank to 0. Anyway, if you want to generate higher returns in statistically verified way, you could buy some index fund of small cap value stocks, but keep it at low portfolio allocation. One more important thing is that stocks as they are already are relatively unstable asset, compare them to bonds or saving accounts, or even real estate and you will realize that almost nothing is more risky than stocks, so prioritizing risk reduction factors just makes sense.
Historically 20-40% international has improved risk adjusted return over a US-only portfolio. There are some other things not mentioned in this video that still make me international-adverse, so I target 15-20% international exposure, which gives the bulk of the risk adjustment.
Classic investing advice is to not own too much stock in the company you work for - if something bad happens they may lay off workers, and when you are laid off, that is a time you may need to liquidate stock, which is painful if it is down at the time.
Similar logic isn't difficult by extension to nations, but for the inverse reason. If something bad happens like say... Russia and the U.S. start throwing ICBMs at one another. Sure, a fully internationally diversified portfolio will probably look a lot better than a U.S. only portfolio at that time. But also, I probably won't be around to enjoy it. Similarly, if I had the U.S. only portfolio, I probably have bigger problems than my retirement portfolio anyways.
Actually there is a strategy called dfa balanced strategy that has international investment funds and beat the s&p 500
Us large cap mix 30 %
Us large cap value 20%
Us small cap value 10%
Us REITs 10%
Emerging markets value 20%
Developed market 10%
And that with less volatility
There are quite a few strategies that have beaten the S&P 500 in the past. Unfortunately, we're investing for the future so who knows how that strategy will play out going forward. Thanks for giving us a history lesson 👍
I’m 60% US stocks and 40% international
22% international
Thoughts on Fidelity International Index Fund? The free version
I personally try to avoid their zero fee funds for reasons I lay out in this video: ruclips.net/video/LEgwGihADdo/видео.html
They're not the worst and I wouldn't call someone an idiot for buying them, but you can easily do much better for what the funds are trying to achieve
Agree and like jarrad said in another video you need to sell out if you transfer your funds
Zero international fund ownership here. Foreign companies are run far different that American companies and I perceive being less profitable…
I painstakingly research domestic companies - I don’t have the patience to research outside US firms
Thanks for sharing your thoughts 👍
I'm 14% IXUS
15-20% in international
80/20
The only countries I would invest for my retirement is India and Mexico.
32% in developed markets
Hi Jarrad can you show your portfolio
Here's a video on the topic from the beginning of the year: ruclips.net/video/HF3OIEYHKro/видео.html
10% VXUS, begrudgingly.
If you’re 10 years from retirement you should have international. If you’re 30 years from then maybe not.
@@theotherview1716you should have international at every point, there's no sense in waiting until you're ten years away
@@richardshipe4576Not necessarily. International diversification simply guarantees average returns. You don't need it. Anybody that invests into only VTI for 40 years will make a LOT of money. It could be worth more than a VT portfolio or it could be worth less (it's actually more likely to be worth more) but it comes at the cost of possibly being lower, too...but it'll be a huge amount of money either way.
Plenty of people make money without international
I agree that proximity to retirement has nothing to do with international exposure, though.
@@richardshipe4576he’s talking about it from a risk perspective. Just like 10% bond when you’re in your 20s and a lot more when you’re near retirement.
@@theotherview1716you’re so clueless
Companies value are future EXPECTED cashflows discounted by the risk free rate and the risk premiums like the equity risk premium. Owning one stock vs owning 3000 stocks the equity risk premium does not change but the risk does. So if the market is efficient both US and international stocks are as good investments because all the benefits the US companies have are priced in as higher cashflows are expected from US companies. So owning as much public companies as possible and not only the US you get the same EXPECTED returns BUT lower long term risk. The reason the US outperformed in the past is that expected cashflows for US companies went up due to Unexpected events Noone could predict. Market is not stupid it whould not let US stocks be better investments, markets are efficient.
"as American as Type 2 Diabetes"!!!!!! that's funny!!
I'm waiting for the "I'm so offended" comments from that part 😂
@@JarradMorrow I'm so offended that someone might be offended.
😂
I disagree. The US is way ahead in technology and services, nobody's even close. And because of the global economy, you do get global exposure in the S&P 500. Staying 100% US.
How is the US leading in technology?
My asset allocation:
40% Large Cap
20% Small Cap
10% International
15% REIT
15% Crypto
15 crypto is way too much
Yes about 14% too much
40% US
25% high interest CASH
20% Canadian
10% International
5% bitcoin
Why? Cause Stone Cold said so.
I don't know jack about stocks, but doesn't ignoring historical performance perhaps also, by association, ignore the factors that led to that historical performance and their possible relevance in future performance? In short, if there's a reason US stocks outperformed international stocks over the last 40 years, might that not apply in the next 40 years?
Do US stocks have their own "moat" given the United States' geopolitical/cuktural position in the world (eg, military dominance, global currency, resources, relative political stability, good demographics, great defensive location) that will not erode in our lifetime??
We can't predict which companies/countries will perform better in the future so just buy the whole world.
@@JarradMorrow I get that logic and will likely apply it to my investment strategy, but it doesn't address the point I'm seeking clarification on: At what point must you stop ignoring historical data if the same factors will apply to future data?
Why do you believe historically, US stocks have performed better?
Do you believe the factors that made US stocks historically more successful will disappear in the next 40-50 years?
It's not about picking specific stocks or specific countries, it's about what is and is not a superpower (and the factors underlying this status).
I never use past performance to determine future returns. To all of your other questions- I don't know what's going to happen in the future so I'm not going to try to make predictions.
May I use the Tom Brady analogy. After Super Bowl win four, would you be right in concluding that perhaps I should bet on Tom Brady to win future Super Bowls 🤔
@@JarradMorrow Isn't any investment a prediction though, as you expect, in some way, to get a return? Even for broad index funds, you are still making assumptions (ie., predictions) about the future. Again, Im not saying only base future performance on past data, I'm saying base future performance on past performance combined with an analysis of the factors responsible for that performance. I would say data points of X can lead to Y and X has led to Y is more informative than only X can lead to Y.
25% Percent per Dave Ramsey's advice
👍🏻
I'm still not a believer in international funds.
Sounds good. Do what is best for you
With everything that is happening, most of us are a paycheck away from being homeless, hope we are all prepared, get yourself an alternate source of income
You're going to need to define "everything" because there have been things going wrong in the world since the big bang happened 😂
David, speak for yourself. I don’t know anybody who is “pay check away from being homeless”.
@@JarradMorrow I know right, people always think they're the last generation
Vwigx 👍
VXUS 👍🏻
15% foolishly
I swear I heard your voice somewhere..hmm
😂 really? Where?
Indirect international isnt going down or ever will lol they need US !!! Hahaha
I’ll avoid I funds due to the European energy crisis, China Housing collapse and Heat wave, oh and the war in Russia
😂 uhhh okay
I’ll stick with USA- not deworsification.
😂 okay
I don't agree.
Okay
@@JarradMorrow 😂
0% in international.
👍🏻