Ben Stein
Invest in foreign emerging market ETFs.
Debt to foreigners and medicare costs will crush baby boomer
Americans during their retirement age.
And his criticts: BusMovie, on options backdating.
DFEMX: DFA Emerging Markets ( NAS:DFEMX )
EFA: iShares MSCI EAFE Index Fund (ETF) (Public, AMEX:EFA)
EEM: iShares MSCI Emerging Markets Indx (ETF) (Public, AMEX:EEM)
In effect, panicky short sellers have offered us a bargain on
emerging-market stocks, letting us have some very good
companies for 25 percent off what they were two months ago.
I say go for it. The ride will be choppy, but that's where the future is.
Look into EEM and DFEMX (although there'll be a high minimum for
that last one unless you buy it through an advisor).
Of course, this should be a minority of your holdings -- maybe 10
percent or 15 percent at most. I would put at least another 10 to 15
percent into developed world foreign funds like the EFA. But this
offers a real possibility to play the falling dollar and the growth
in emerging markets, and to offset our totally irresponsible
government policies.