Howard Gold’s No-Nonsense Investing: It’s time to dump foreign stocks

For years, investment advisers have almost unanimously urged U.S. investors to branch out beyond America’s shores and put more of their money into international stocks.

Investing giants like BlackRock,Charles Schwab, and Fidelity have argued that U.S. investors could profit from faster economic growth overseas and get optimal risk-adjusted returns by mixing U.S. equities with stocks from developed and emerging markets where the U.S. now comprises only half the world’s stock market value.

Investors have enthusiastically bought that argument, pouring a net $456.6 billion into developed- market and another $201.3 billion into emerging-market mutual funds and exchange-traded funds from 2009 through 2015, according to Morningstar.

>>> Original Source <<<