I was wondering, has anyone contemplated doing a globally weighted stock portfolio between VTI, DXJ, and HEDJ? For many, international stock exposure involves taking on an uncompensated currency risk (unless you love vacationing and spending in foreign currencies!). These three ETFs would get you the international exposure without forex risks.
The ERs are quite high for DXJ and HEDJ (.48% and .58% respectively). However, as the ETF price war continues maybe the will come down... If they got closer to 20 BPS I would probably nibble at international stocks. Currently, having foreign exposure in my portfolio doesn't make sense.