I know, none of us wants to bet against our own country, and you don’t have to! But it may be a good idea to enhance your investing strategy with some overseas or international holdings. Why? As a commentary article
recently warned, “Obama’s record deficit should send savvy investors overseas.”
If you are worried about the long-term effects of heavy U.S. debt loads, buy shares of a large company based somewhere other than in the U.S.
, China Life Insurance (Stock Quote: LFC
) or China Mobile (Stock Quote: CHL
). If you believe the Chinese economy will fare better than our own over the next ten or twenty years, it is reasonable to assume that a) Chinese middle-class consumers will buy life insurance policies and b) Chinese consumers will have an ever greater demand for mobile service, just as in the U.S. during the 90’s.
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