U.S. News: Why You Should Buy More Foreign Stocks

By SIMON CONSTABLE

It's a sad fact that even those Americans who have taken the wise step to invest in the stock market are limiting their investment opportunities. Most simply don't own enough foreign stocks.
Once upon a time that may have made sense. After World War II, much of the world's industry was devastated. What remained as best-in-class businesses were overwhelmingly American corporations. But over the past few decades the rest of the world has caught up.
"When some American workers wake up in the morning they might turn on a Korean TV, and then drive a German car to work," says Brian Levitt, senior investment strategist at Oppenheimer Funds in New York. "It doesn't make sense that they'd then limit themselves to just U.S. investments."
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