How To Make Millions In Foreign Investments

How To Make Millions In Foreign Investments

How To Make Millions In Foreign Investments

Chris Palmeri (Senior Correspondent, BusinessWeek) gives expert video advice on: How can I make millions in foreign investments?

How can I make millions in foreign investments?

Long term international investing is probably even a better idea than investing in the US. It's pretty clear that countries like China and India are going to grow faster than the US. They are going to be economic power houses for as long as we are alive. So you want to figure out a way to get some of your money invested overseas. The easiest way to do that is a mutual fund that owns a broad basket of stocks or bonds all around the world. You get a couple of advantages with that. You can be in particular markets that are growing faster than the US. You have diversification because much of your money may be in the US, your job is in the US, but you want exposure to an economy that could be doing better than the US at a particular time. Right now the dollar is very low, other currencies are much stronger and so you benefit from having your money overseas.