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Global Shocks author Nicholas Sargen says Trump’s tariff policies are of historic proportions with lasting consequences for the global economy and financial markets.
Thanks to @bee. Both WealthTrack shows with Mary Ellen Stanek and Nick Sargen are excellent in light of today tariffs environment.
Stanek is the PM of Baird core-Plus bond fund. She provided a summary on Baird’s bond strategy to explore opportunities created in the market volatility.
Sargen has been around since the Nixon administration under Paul Volker. His perspective on the current condition is spot on! There are lots of great information on this. Please take time and watch this. One of Nick advice is diversifying internationally (my comments under parentheses):
1. European stocks are much more attractive on valuation basis (PE 11 vs 20+, US) 2. Potentially decoupling between US from developed markets (this has started since February 2025 as part of the deglobalization) 3. Pay attention to your investment horizon that recovery may take longer than expected (for retirees this a great reminder)
.....So. Sunday, 27 April. Too late to buy into Europe? PRESX (for example) is up YTD already by +10.27%........ Reversion to the mean must be kept in mind.
It is never too late to shift part of your US stocks to European stocks. One can dollar cost average to a target % over the next 6 -12 months.
My goal is to double the international exposure at the expense of US stocks. For full disclosure, I use both passive and active international funds. As I stated in the past, everyone’s risk tolerance and situation is different. Only you can make that decision.
@Sven. good ideas. DCA-ing is a good time-tested method.
Dividends matter to me, too. Wondering how I might avoid the pre-emptive chunk taken for foreign taxes, when divvies are awarded. I was looking at maritime shippers today, doing a bit of homework. They seem depressed. Good entry point, but that's a dicey corner of the market, eh?
I recommend European index funds/ETFs to be tax efficient. Vanguard and BlackRock would be a good starting point. I would use active managed funds/ETFs in IRA account. ETF.com and MFO Premium are good resources to search your funds.
VG has several dividend-focused international index funds. Their ETFs can be purchased in any brokerages without fees.
Comments
https://youtu.be/29N3ttSKXqU
Stanek is the PM of Baird core-Plus bond fund. She provided a summary on Baird’s bond strategy to explore opportunities created in the market volatility.
Sargen has been around since the Nixon administration under Paul Volker. His perspective on the current condition is spot on! There are lots of great information on this. Please take time and watch this. One of Nick advice is diversifying internationally (my comments under parentheses):
1. European stocks are much more attractive on valuation basis (PE 11 vs 20+, US)
2. Potentially decoupling between US from developed markets (this has started since February 2025 as part of the deglobalization)
3. Pay attention to your investment horizon that recovery may take longer than expected (for retirees this a great reminder)
My goal is to double the international exposure at the expense of US stocks. For full disclosure, I use both passive and active international funds. As I stated in the past, everyone’s risk tolerance and situation is different. Only you can make that decision.
Dividends matter to me, too. Wondering how I might avoid the pre-emptive chunk taken for foreign taxes, when divvies are awarded. I was looking at maritime shippers today, doing a bit of homework. They seem depressed. Good entry point, but that's a dicey corner of the market, eh?
VG has several dividend-focused international index funds. Their ETFs can be purchased in any brokerages without fees.