No, that wasn't your point. You clearly said that international is "diworsification" and that the only thing that matters are 5-10-15 year returns over the last 15 years only, apparently.I never suggested the US is immune to poor performance. Having invested since the late 70's, I've lived through several periods of poor performance and, yet, have done quite well.Why do you think the US is immune to poor performance?
My only point was I don't need to invest in an international fund to improve my portfolio performance. There are many large US companies that sell worldwide. That's plenty for me to choose from. That's my personal choice to meet my goals.
See my earlier post where I mentioned FSPSX (Fid Int'l Index), which tracks the MSCI EAFE index, whose performance since inception (1997) was 5.2%. That's one example. I'm sure there are some funds that did better and some that did worse. If someone wants to invest in an international fund to meet their personal goals, that's perfectly fine.
US stocks will also be "diworsification" at times, and given that the CAPE is near 40 right now, you should expect much lower returns given what happened last time when CAPE was around these levels back in 2000.
The reason your cherry picked date for exUS was so poor is precisely because valuations were high, yet people ignore this fact.
Statistics: Posted by Nathan Drake — Wed Feb 05, 2025 11:16 pm — Replies 195 — Views 24840