Adding to the discomfort will be the strange and unfamiliar
markets that investors will have to explore to increase their returns—
emerging markets abroad and corporate and junk bond
markets at home. Finally, investors will have to take on some currency risk, expecting that the value of the dollar will fall over time against the
world’s other major and minor currencies. If that happens, foreign
gains will translate into even larger profits when they are
brought home and converted into dollars.
markets that investors will have to explore to increase their returns—
emerging markets abroad and corporate and junk bond
markets at home. Finally, investors will have to take on some currency risk, expecting that the value of the dollar will fall over time against the
world’s other major and minor currencies. If that happens, foreign
gains will translate into even larger profits when they are
brought home and converted into dollars.
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