What % of your equity is int’l?

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KarenC
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Re: What % of your equity is int’l?

Post by KarenC » Mon Jul 02, 2018 9:16 am

The same percentage as the Vanguard TR 7/2018 Fund, if there was such a thing.
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soccerrules
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Re: What % of your equity is int’l?

Post by soccerrules » Mon Jul 02, 2018 9:17 am

20% of equities
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RalphUJ
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Re: What % of your equity is int’l?

Post by RalphUJ » Mon Jul 02, 2018 9:28 am

Currently at 39% but will rebalance to 45% at the end of the year. I like keeping it in the 40-50% range.
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WhiteMaxima
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Re: What % of your equity is int’l?

Post by WhiteMaxima » Mon Jul 02, 2018 10:16 am

18% to 20%

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aj76er
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Re: What % of your equity is int’l?

Post by aj76er » Mon Jul 02, 2018 10:34 am

I start at global market weight, and then tilt to domestic equities for a couple of reasons:
* increased correlation to domestic inflation (as my future liabilities are more likely to be correlated to domestic market movements)
* Decreased short-term volatility due to foreign currency fluctuations

So, after looking at the data (across time, geography, and currencies), I've settled on ~67% world (which includes U.S.) and ~33% U.S.
When implemented in terms of total market indexes (e.g. VTI+VXUS), this comes to about ~33% ex-US and ~67% US.

In the interest of simplicity, I tend to let the ratio float around and try not to be too pedantic about exact ratios (since in the long-run a wide range of percentages have had similar outcomes).
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle

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Index Fan
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Re: What % of your equity is int’l?

Post by Index Fan » Mon Jul 02, 2018 10:34 am

33% of equities in Total Intl Index.
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Ron Ronnerson
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Re: What % of your equity is int’l?

Post by Ron Ronnerson » Mon Jul 02, 2018 10:36 am

Around 38%.

asif408
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Re: What % of your equity is int’l?

Post by asif408 » Mon Jul 02, 2018 12:38 pm

~90%.

darrvao777
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Re: What % of your equity is int’l?

Post by darrvao777 » Mon Jul 02, 2018 12:49 pm

drk wrote:
Sun Jul 01, 2018 12:02 am
siamond wrote:
Sat Jun 30, 2018 10:53 pm
Simple: 50% domestic, 50% international. Hedging my bets, and maximally diversifying.
Ditto.
Another 50%er here for simplicity reasons

I am confident that between how much I make and how much I save I should reach my retirement goals as long as I have a reasonable asset allocation

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stemikger
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Re: What % of your equity is int’l?

Post by stemikger » Mon Jul 02, 2018 2:34 pm

oldzey wrote:
Mon Jul 02, 2018 3:08 am
stemikger wrote:
Sun Jul 01, 2018 8:49 am
0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0%
Roger that - same here - 0% international. :sharebeer
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TheTimeLord
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Re: What % of your equity is int’l?

Post by TheTimeLord » Mon Jul 02, 2018 2:36 pm

stemikger wrote:
Mon Jul 02, 2018 2:34 pm
oldzey wrote:
Mon Jul 02, 2018 3:08 am
stemikger wrote:
Sun Jul 01, 2018 8:49 am
0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0%
Roger that - same here - 0% international. :sharebeer
Yes, we belong to a very exclusive club!! lol. You, Me, Jack Bogle and Warren Buffett's wife. ; )
And most importantly the TheTimeLord.
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thangngo
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Re: What % of your equity is int’l?

Post by thangngo » Mon Jul 02, 2018 2:42 pm

30...

BoggledHead2
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Re: What % of your equity is int’l?

Post by BoggledHead2 » Mon Jul 02, 2018 3:01 pm

World market cap, within 3-5% before I rebalance

May not have the best possible return, but it essentially guarantees I own a piece of the top performing market(s) without simply relying on 1 economy.

It’s also incredibly easy to manage / balance ... as the market / portfolio breakdown pretty much tells me when it’s time to buy

ImmigrantSaver
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Re: What % of your equity is int’l?

Post by ImmigrantSaver » Mon Jul 02, 2018 3:04 pm

Roughly approximating the world at 55:45. Considering switching to 50:50 for simplicity but have to sleep on it first for 6 months or so..

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Taylor Larimore
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How Much International?

Post by Taylor Larimore » Mon Jul 02, 2018 3:09 pm

stevedc wrote:
Sat Jun 30, 2018 10:21 pm
Informal survey - for US folks, how much of your equity holdings do you target to intl (ex-US)?
stevedc:

I no longer hold international stocks (for tax reasons).

This earlier post of mine seems appropriate for your topic:

How Much International? A Suggestion

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

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stemikger
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Re: What % of your equity is int’l?

Post by stemikger » Mon Jul 02, 2018 10:35 pm

TheTimeLord wrote:
Mon Jul 02, 2018 2:36 pm
stemikger wrote:
Mon Jul 02, 2018 2:34 pm
oldzey wrote:
Mon Jul 02, 2018 3:08 am
stemikger wrote:
Sun Jul 01, 2018 8:49 am
0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0%
Roger that - same here - 0% international. :sharebeer
Yes, we belong to a very exclusive club!! lol. You, Me, Jack Bogle and Warren Buffett's wife. ; )
And most importantly the TheTimeLord.
+1

How could I forget that one? This club is getting more impressive by the day!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

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grabiner
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Re: What % of your equity is int’l?

Post by grabiner » Mon Jul 02, 2018 10:44 pm

I am 50% international. I overweight small-cap and emerging markets because those give better diversification.
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Re: What % of your equity is int’l?

Post by edge » Tue Jul 03, 2018 5:36 am

40% of equities

togb
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Re: What % of your equity is int’l?

Post by togb » Tue Jul 03, 2018 12:11 pm

3-5%. A very token amount. If I had to pick between a significantly higher number and 0, I'd move to zero.

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Re: What % of your equity is int’l?

Post by LazyNihilist » Tue Jul 03, 2018 12:22 pm

47% - I hold the Global Market Cap.
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reformed.trader
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Re: What % of your equity is int’l?

Post by reformed.trader » Tue Jul 03, 2018 3:15 pm

at least 90%

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Re: What % of your equity is int’l?

Post by Meg77 » Tue Jul 03, 2018 3:30 pm

25% (and 25% of that is in Emerging Markets)
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sergeant
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Re: What % of your equity is int’l?

Post by sergeant » Tue Jul 03, 2018 7:30 pm

About 45%.
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Jerry476
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Re: What % of your equity is int’l?

Post by Jerry476 » Tue Jul 03, 2018 10:20 pm

Jack and Taylor say 20%. Good enough for me.

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Hawaiishrimp
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Re: What % of your equity is int’l?

Post by Hawaiishrimp » Wed Jul 04, 2018 12:04 am

Gort wrote:
Sat Jun 30, 2018 10:57 pm
2:1 US:International = 67% US, 33% International.
Me too.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.

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ruralavalon
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Re: What % of your equity is int’l?

Post by ruralavalon » Wed Jul 04, 2018 8:37 am

Jerry476 wrote:
Tue Jul 03, 2018 10:20 pm
Jack and Taylor say 20%. Good enough for me.
I am 25% of stocks in international stocks. I guess I have to make things a little more complicated and difficult :( .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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stemikger
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Re: What % of your equity is int’l?

Post by stemikger » Wed Jul 04, 2018 8:41 am

Jerry476 wrote:
Tue Jul 03, 2018 10:20 pm
Jack and Taylor say 20%. Good enough for me.
True, but Jack's first line is that it is not necessary, but if you must, no more than 20%. I think he throws that out there because most experts don't agree with him and he admitted at the last Boglehead meeting he hates being asked this question so often. Jack does not own any international and the money he leaves for his Grandchildren every year is all in the Balanced Index Fund. Warren Buffett is another expert who agrees with Jack. That's good enough for me. I'll stick with zero.
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Re: What % of your equity is int’l?

Post by Valuethinker » Wed Jul 04, 2018 10:05 am

stemikger wrote:
Wed Jul 04, 2018 8:41 am
Jerry476 wrote:
Tue Jul 03, 2018 10:20 pm
Jack and Taylor say 20%. Good enough for me.
True, but Jack's first line is that it is not necessary, but if you must, no more than 20%. I think he throws that out there because most experts don't agree with him and he admitted at the last Boglehead meeting he hates being asked this question so often. Jack does not own any international and the money he leaves for his Grandchildren every year is all in the Balanced Index Fund. Warren Buffett is another expert who agrees with Jack. That's good enough for me. I'll stick with zero.
????

Berkshire Hathaway does not have any foreign investments?

What about that 6 billion dollar acquisition in Israel, the largest non Israeli purchased or an Israeli company ever made?

What about that huge Lloyd's of London insurance market operation I can see outside my office window?

Warren Buffet makes huge overseas investments?

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stemikger
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Re: What % of your equity is int’l?

Post by stemikger » Wed Jul 04, 2018 10:35 am

Valuethinker wrote:
Wed Jul 04, 2018 10:05 am
stemikger wrote:
Wed Jul 04, 2018 8:41 am
Jerry476 wrote:
Tue Jul 03, 2018 10:20 pm
Jack and Taylor say 20%. Good enough for me.
True, but Jack's first line is that it is not necessary, but if you must, no more than 20%. I think he throws that out there because most experts don't agree with him and he admitted at the last Boglehead meeting he hates being asked this question so often. Jack does not own any international and the money he leaves for his Grandchildren every year is all in the Balanced Index Fund. Warren Buffett is another expert who agrees with Jack. That's good enough for me. I'll stick with zero.
????

Berkshire Hathaway does not have any foreign investments?

What about that 6 billion dollar acquisition in Israel, the largest non Israeli purchased or an Israeli company ever made?

What about that huge Lloyd's of London insurance market operation I can see outside my office window?

Warren Buffet makes huge overseas investments?
I should clarify. For the last several years Warren Buffett has been telling what he calls average folks (Know-Nothing Investors) that the best thing they could do is hold a low cost index fund (His choice is the S&P) and 10% in treasuries. He is not leaving his wife Berkshire Stock because it is all going to The Bill and Melinda Gates Foundation. The money he is leaving for his wife is going to be 90% in the Vanguard S&P and 10% in Treasuries.

Value Thinker, I thought a mainstay veteran like you already knew this?

Of course, none of us here can do what Warren has done for Berkshire all these years (for many reasons) and he knows that, which is why he talks about it constantly. So when it comes to us average folks, Warren likes to invest in America through a low cost index fund. He is often quoted as saying in the past 200 years no one who bet against America has won and that is not going to change going forward. He has said you can ignore all the other advice.

He seems to be on a Mission to tell this to the masses as often as possible which is why he talked about it at the last 3 Berkshire Hathaway Meetings. He told the entire audience, that he was going to tell them the most important investing lesson they will ever hear.
Last edited by stemikger on Wed Jul 04, 2018 3:56 pm, edited 4 times in total.
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TheTimeLord
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Re: What % of your equity is int’l?

Post by TheTimeLord » Wed Jul 04, 2018 10:38 am

Valuethinker wrote:
Wed Jul 04, 2018 10:05 am
stemikger wrote:
Wed Jul 04, 2018 8:41 am
Jerry476 wrote:
Tue Jul 03, 2018 10:20 pm
Jack and Taylor say 20%. Good enough for me.
True, but Jack's first line is that it is not necessary, but if you must, no more than 20%. I think he throws that out there because most experts don't agree with him and he admitted at the last Boglehead meeting he hates being asked this question so often. Jack does not own any international and the money he leaves for his Grandchildren every year is all in the Balanced Index Fund. Warren Buffett is another expert who agrees with Jack. That's good enough for me. I'll stick with zero.
????

Berkshire Hathaway does not have any foreign investments?

What about that 6 billion dollar acquisition in Israel, the largest non Israeli purchased or an Israeli company ever made?

What about that huge Lloyd's of London insurance market operation I can see outside my office window?

Warren Buffet makes huge overseas investments?
You just made Buffet's argument. U.S. companies both have foreign sales and subsidiaries so no need to buy International specifically you get plenty of International exposure via the S&P 500. Also, companies like Nestle, Toyota and European Pharma all sell in the United States so much of their success is based on the U.S. economy.

What people gloss over is Buffet's belief the U.S. markets are the best regulated, best run in the world and the value that has.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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Re: What % of your equity is int’l?

Post by racy » Wed Jul 04, 2018 10:57 am

19% of equity is in Vanguard's International Explorer fund. However, my domestic funds also have Int'l stocks, i.e.: Healthcare sector funds is 23% int'l, Wellesley is 6% int'l. For bonds my Short Term & Interm Term Corporate bond funds are each about 6% int'l.

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Re: What % of your equity is int’l?

Post by bltn » Wed Jul 04, 2018 9:14 pm

Years ago I had 15% in foreign stock index funds. With no rebalancing, that portion has now shrunk to 6%. I believe I ll let that portion of my nest egg grow or shrink in relation to my other investment as it is able.
I know about Vanguard s recommendation for 40% foreign stocks to minimize volatility. But as a strong believer in indexing, there currently are too many weak foreign economies in Europe and Asia to make foreign stock index investing look attractive in the near future. Believing in the importance of sequence of returns in retirement investing, I don t believe I ll be well served investing in a strategy that may take 10-20 years to prove itself.
Maybe my foreign economy exposure will come from the large US multinational companies.

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WestUniversity
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Re: What % of your equity is int’l?

Post by WestUniversity » Wed Jul 04, 2018 9:50 pm

20%...

davidsorensen32
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Re: What % of your equity is int’l?

Post by davidsorensen32 » Wed Jul 04, 2018 10:20 pm

0%. No need for international "equities". US companies have enough exposure. And the corporate governance to go with it. After holding a separate slice of international for decades (and underperforming !) I sold all my international last year. My work required me to travel internationally and it was a real eye opener as I saw how international businesses really operate. Don't want to get into any political debate, but lets just say I was "converted". I'm now a firm believer in the Bogle dictum that we really don't need a International slice. So 2 fund portfolio for me. In fact, I am debating whether to sell all my VTSAX and convert to SPY. There are many wonderful places in the world to visit and even to retire and live in. But for investments I am with Uncle Sam all the way. Happy 4th everyone.

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Re: What % of your equity is int’l?

Post by oldzey » Tue Jul 10, 2018 1:33 pm

stemikger wrote:
Mon Jul 02, 2018 10:35 pm
TheTimeLord wrote:
Mon Jul 02, 2018 2:36 pm
stemikger wrote:
Mon Jul 02, 2018 2:34 pm
oldzey wrote:
Mon Jul 02, 2018 3:08 am
stemikger wrote:
Sun Jul 01, 2018 8:49 am
0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0%
Roger that - same here - 0% international. :sharebeer
Yes, we belong to a very exclusive club!! lol. You, Me, Jack Bogle and Warren Buffett's wife. ; )
And most importantly the TheTimeLord.
+1

How could I forget that one? This club is getting more impressive by the day!
davidsorensen32 wrote:
Wed Jul 04, 2018 10:20 pm
0%. No need for international "equities". US companies have enough exposure. And the corporate governance to go with it. After holding a separate slice of international for decades (and underperforming !) I sold all my international last year. My work required me to travel internationally and it was a real eye opener as I saw how international businesses really operate. Don't want to get into any political debate, but lets just say I was "converted". I'm now a firm believer in the Bogle dictum that we really don't need a International slice. So 2 fund portfolio for me. In fact, I am debating whether to sell all my VTSAX and convert to SPY. There are many wonderful places in the world to visit and even to retire and live in. But for investments I am with Uncle Sam all the way. Happy 4th everyone.
Welcome to the 0% International Club, TheTimeLord and davidsorensen32!

Cheers! :beer

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radeon962
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Re: What % of your equity is int’l?

Post by radeon962 » Tue Jul 10, 2018 1:59 pm

22% overall

28% of equities

Calygos
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Re: What % of your equity is int’l?

Post by Calygos » Tue Jul 10, 2018 5:52 pm

There is a philosophy in Computer Science / Software Engineering that there are in general 3 "natural" numbers that should be used in programming: 0, 1, and infinity. Anything else better have a damn good justification. So with that in mind, I see an analogous answer to this question but with only two numbers, 0% and MARKET_CAP%. Anything else may as well be the output from random(0,100).

Personally, I'm currently around 18% of my equities (14% of my total portfolio) according to Personal Capital but I've been debating going to 0% for simplification and in alignment with the arguments that many large US companies are heavily internationally exposed, and to simplify tax implications.

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grabiner
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Re: What % of your equity is int’l?

Post by grabiner » Tue Jul 10, 2018 6:42 pm

Calygos wrote:
Tue Jul 10, 2018 5:52 pm
There is a philosophy in Computer Science / Software Engineering that there are in general 3 "natural" numbers that should be used in programming: 0, 1, and infinity. Anything else better have a damn good justification. So with that in mind, I see an analogous answer to this question but with only two numbers, 0% and MARKET_CAP%. Anything else may as well be the output from random(0,100).
There is a good justification, though. If two investments have equal prospects, then you should hold them in proportion to their market weights. However, international stock has slightly lower expected returns (because of the loss of foreign tax in an IRA, or the higher tax on non-qualified dividends in a taxable account), and higher risk (because of currency fluctuations). This does not make the ideal allocation zero, because they are not perfectly correlated. You can work out the optimal mixture given assumptions about returns and risk, but it's only as good as the assumptions you make.

That said, I do hold 50% international, which is close to the world market cap. The reason I do this is that I overweight international small-cap and emerging markets, which are less correlated to the rest of my portfolio, giving me better diversification (and also more risk). I held 30% international when my whole allocation was in large-cap developed markets, and that is what I normally recommend when building model portfolios for posters on the forum. (I never recommend anyone match my portfolio; if a portfolio like mine is right for you, then you know enough to ignore that advice.)
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Re: What % of your equity is int’l?

Post by TLC » Tue Jul 10, 2018 7:03 pm

43% Int'l

jacoavlu
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Re: What % of your equity is int’l?

Post by jacoavlu » Tue Jul 10, 2018 7:04 pm

30 percent

Thegame14
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Re: What % of your equity is int’l?

Post by Thegame14 » Tue Jul 10, 2018 7:52 pm

20% of equities

slowbutsteady
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Re: What % of your equity is int’l?

Post by slowbutsteady » Wed Jul 11, 2018 8:01 pm

38.89% of equities; 35% of portfolio

Been that way for years; staying the course.
The tortoise wins every time I read that story.

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