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.
What we want to do with this book is make this addition of
risk as understandable and palatable as possible. We show you
how low your current risk level probably is, and outline intelligent
ways to raise it. We also show you how to take other steps to
diversify your portfolio, an essential part of managing your risks.
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.
What we want to do with this book is make this addition of
risk as understandable and palatable as possible. We show you
how low your current risk level probably is, and outline intelligent
ways to raise it. We also show you how to take other steps to
diversify your portfolio, an essential part of managing your risks.
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