Bonjour! ¡Buenos días! Good morning!
I have two reasons for investing mainly in American companies. One is that the US stock market is the most transparent one with the SEC doing a better job at keeping it honest than most other countries. The second is exchange risk. I believe small individual investors should invest in their own currency (if they trust it, I don’t trust the bolivar) or in the world’s reserve currency which now is the US dollar.
There is also the question of where a stock is traded. I will invest in an European ADR but not in a stock that I would have to buy on an overseas exchange. My current broker charges exorbitant commissions on foreign based stocks (five letter stocks).
Over the years I have invested in British, Canadian, Chinese, Danish, and Dutch stocks as well as in dollar denominated bonds from several countries.
Denny Schlesinger
Un caraqueño nacido en Berlín.