Quote:
Originally Posted by HockeyIlliterate
I’m an American.
But often wish I were Canadian. Sure do miss living there.
ETA: I get your point about a market weighting between US and International. At the same time, though, due to quirks in the US tax code, the foreign tax credit becomes less valuable or unrealizable (at least fully) in lower tax brackets, and potentially worthless if you are living completely (or mostly) off of dividends and capital gains and stay in the 0% tax bracket. In that instance, the extra “risk” that one may get from international holdings may not be fully compensated for.
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Correct, which is why I asked. Being an American, due to the US tax code, and also considering that you don't have currency risk with domestic stocks, your over-weighting of US stocks is not only normal, it makes sense.
For everyone else, it doesn't.
Just another example of US protectionism.