The Stacking Benjamins Show Is It Time To Dump International Stocks? (SB1647)
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Feb 21, 2025 
In this discussion, financial experts Paula Pant, host of the Afford Anything podcast, and Jesse Cramer, from Personal Finance for Long-Term Investors, tackle the debate on international stocks and their recent underperformance. They weigh the importance of diversification and historical performance, while exploring alternative investment classes like real estate and collectibles. The conversation also dives into quirky currency trivia, including the mysteries of a fictional $3 coin, all wrapped in humor and camaraderie.
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Understanding Convertible Stocks
- Convertible stocks are a hybrid of stocks and bonds, offering fixed income with potential upside.
- Consider them a derivative, not a distinct asset class.
International Exposure through US Companies
- Gain international exposure by investing in U.S.-based multinationals with overseas operations.
- However, this differs from directly investing in foreign companies.
Jack Bogle's Investment Strategy
- Jack Bogle, Vanguard founder, didn't own non-U.S. stocks, despite understanding mean reversion.
- This is likely due to home bias, common among investors.