Why International Stocks Have Plenty Of Room To Run

Twenty years ago Hollywood gave us one of its most famous movie lines.

Tom Cruise was playing sports agent, Jerry Maguire.

Cuba Gooding Jr. played NFL football player, Rod Tidwell.

He was a strong player who had posted good results. But he was frustrated. He wasn’t earning as much money as he thought he deserved.

He wanted his agent, Jerry Maguire, to fix that. In the movie, Tidwell starts to dance around shirtless in his kitchen.

Maguire is on the phone and Tidwell yells, “Show me the money!”

Image by Pixabay

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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3 Responses

  1. Patrick says:

    Hi Andrew

    A very quick and naive question. I’ve made my 3rd ETF purchase to complete my portfolio – Vanguard FTSE All World (VWRD). I selected to buy this through the London Stock Exchange as I did the others as per your book’s recommendation – iShares UK Gilts 0-5 years and Vanguard FTSE 100.

    The question is, that unlike my other two ETFs the VWRD is based in USD. Do you know why this is? Does this mean that although bought through the London Stock Exchange this is actually a US stock?

    Again, apologies for the naivety.

    Patrick

    • Hi Patrick,

      Don’t worry, it’s not a U.S. listed ETF, even though it’s priced in USD. There’s also a version of the same ETF priced in pounds and Euros, if you’re interested.

      Cheers,
      Andrew

      • Patrick says:

        Doh, I already bought it in USD. Annoyingly couldn’t find the GBP one. No point selling given the $40 in enter/exit fees.

        Thanks for letting me know though.

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