{"product_id":"own-the-world-isbn-9780470285381","title":"Own the World","description":"Global investing isn't new. In fact, investors have been looking to overseas markets for hundreds of years, and with good reason. A global portfolio can bestow innumerable rewards on the savvy investor, yet many US investors remain woefully under-exposed to foreign equities. Despite the fact that US equity markets make up less than half of world markets, only a small portion of our investment dollars are allocated overseas. Even the most sophisticated investors have been deterred by misconceptions about the risks associated with owning foreign stocks or a lack of information about foreign markets. But the notion investment options are limited by borders is antiquated and downright detrimental to successful investing.  \u003cp\u003eOnce considered the playground of only the ultra-rich or institutional investors, global investing is fast becoming not only possible, but a necessity, for every investor. As part of Fisher Investments Press, \u003ci\u003eOwn the World\u003c\/i\u003e introduces readers to the vast advantages of seeking investment opportunities all over the planet. \u003ci\u003eOwn the World\u003c\/i\u003e provides investors with tools to build a global portfolio and points out potential hurdles to avoid. It also educates readers on the nuts and bolts of foreign markets, how to easily understand them, and vehicles for investing there. By detailing the vast and currently underappreciated benefits of global investing and the distinct advantages of a global approach, as well as common pitfalls to avoid, \u003ci\u003eOwn the World\u003c\/i\u003e can help readers to tread more confidently into global markets as they look to optimize their investment results.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Who Needs a Global Investment Portfolio? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Most Important Question 2\u003c\/p\u003e \u003cp\u003e“Home, Sweet Home” Bias 4\u003c\/p\u003e \u003cp\u003eWe’re Not Alone Out There 14\u003c\/p\u003e \u003cp\u003eGlobal Isn’t International 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Not as Foreign as You Think 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMade in the USA 17\u003c\/p\u003e \u003cp\u003eA Day in the Life 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Getting More for Less: Return Enhancement and Risk Management 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk and Return: The Dynamic Duo 31\u003c\/p\u003e \u003cp\u003eKeep Your Eye on the Globe 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Global Landscape 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Economic Perspective 55\u003c\/p\u003e \u003cp\u003eWhat’s Your GDP Worth? 62\u003c\/p\u003e \u003cp\u003eTaking Stock . . . Globally 66\u003c\/p\u003e \u003cp\u003eIndustry Classification 73\u003c\/p\u003e \u003cp\u003eGICS 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Top-Down Investing 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAre You Down for Bottom-Up or Up for Top-Down? 81\u003c\/p\u003e \u003cp\u003eTop-Down Is Tops 83\u003c\/p\u003e \u003cp\u003eThe Top-Down Process 86\u003c\/p\u003e \u003cp\u003eStep 1: Asset Allocation 86\u003c\/p\u003e \u003cp\u003eStep 2: Sub-Asset Allocation 90\u003c\/p\u003e \u003cp\u003eStep 3: Stock Picking 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Four Steps to Investing Success 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStep 1: Choose a Benchmark 106\u003c\/p\u003e \u003cp\u003eStep 2: Analyze the Benchmark’s Components and Assign Expected Risk and Return 118\u003c\/p\u003e \u003cp\u003eStep 3: Blend Dissimilar Investments to Moderate Risk Relative to Return 124\u003c\/p\u003e \u003cp\u003eStep 4: Always Remember You Could Be Wrong, So Don’t Stray From the First Three Steps 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 I’m Convinced . . . Now Tell Me How 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho Doesn’t Want More Time and Money? 129\u003c\/p\u003e \u003cp\u003eMutual Funds 134\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds (ETFs) 144\u003c\/p\u003e \u003cp\u003eDepository Receipts 149\u003c\/p\u003e \u003cp\u003eOrdinary Shares 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Currency Effect 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Almighty Dollar, Euro, Pound, Ringgit, Baht . . . 158\u003c\/p\u003e \u003cp\u003eCurrency Trivia 162\u003c\/p\u003e \u003cp\u003eWrangling Exchange Rates 165\u003c\/p\u003e \u003cp\u003eCurrencies and Your Global Portfolio 172\u003c\/p\u003e \u003cp\u003eWhat’s a Global Investor to Do? 174\u003c\/p\u003e \u003cp\u003eCurrency Strategies 175\u003c\/p\u003e \u003cp\u003eTrading Currencies (If You Dare) 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Common Challenges in Global Investing 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVolatility Happens 183\u003c\/p\u003e \u003cp\u003eDollars and Sense 185\u003c\/p\u003e \u003cp\u003ePolitical Risk 185\u003c\/p\u003e \u003cp\u003eRisks, Risks, and More Risks 190\u003c\/p\u003e \u003cp\u003eNotes 193\u003c\/p\u003e \u003cp\u003eAbout the Author 199\u003c\/p\u003e \u003cp\u003eIndex 201\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eAARON ANDERSON \u003c\/b\u003eis a Capital Markets Research Analyst at Fisher Investments where he focuses on global macroeconomic and market trends. He holds BS degrees in geophysics from the University of California, Santa Barbara and applied economics from the University of San Francisco. Anderson writes a regular column for MarketMinder.com titled “The Global View”\u003ci\u003e,\u003c\/i\u003e and instructs at investing seminars nationally. He and his wife Kim reside in Danville, California. They enjoy traveling (and investing) all over the world.   \u003c\/p\u003e\u003cp\u003eDespite the fact that foreign stocks make up a larger portion of world equity markets than U.S. stocks, only a small portion of American investors’ dollars are allocated overseas. Many of the world’s biggest and fastest-growing companies are located outside the United States, so a global portfolio can bestow rich rewards on the savvy investor. But increased return opportunities aren’t the only benefit. Greater opportunities for risk management through diversification are another important advantage of a global investment portfolio. Yet even the most sophisticated investors have been deterred by misconceptions about the risks associated with foreign stocks and the seeming lack of information about foreign markets. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eOwn the World \u003c\/i\u003ewill educate you on the importance of going global, the investment vehicles providing access to global markets, and potential pitfalls to watch out for when expanding portfolios overseas. \u003c\/p\u003e\u003cp\u003eAuthor Aaron Anderson, an analyst at Fisher Investments, describes the benefits of global investing in straightforward terms. He explains that many of the world’s most successful firms are located outside the United States, including many of the companies Americans rely on most. He details how investing globally can increase diversification and reduce portfolio risk because different conditions in different countries can cause domestic and foreign stocks to be imperfectly correlated. The author provides an overview of global stock markets and describes how to efficiently employ a top-down approach to building a global portfolio. He outlines some of the factors impacting stock prices around the world as well as some of the more challenging aspects of global investing, such as political risks, different accounting standards, and others. He further explains that, in many cases, the perceived risk is greater than the actual risk. \u003c\/p\u003e\u003cp\u003eWhile global investing can’t insulate investors from all the ups and downs inherent in stocks no matter where they’re from, it can unleash myriad opportunities to take advantage of the growth potential and risk-reducing benefits of stocks around the world. This book can show you how to take full advantage of these tremendous opportunities.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989744599269,"sku":"NP9780470285381","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470285381.jpg?v=1761785323","url":"https:\/\/k12savings.com\/es\/products\/own-the-world-isbn-9780470285381","provider":"K12savings","version":"1.0","type":"link"}