WALL STREET JOURNAL BOOK OF INTERNATIONAL INVESTING

The Wall Street Journal Book of International Investing offers a hands-on, reader-friendly approach to investing in international markets. Written for beginner- to intermediate-level investors (the reader needs only to know the basics of how the stock market works), the authors teach you exactly how to invest in foreign markets. The book is divided into four easy-to-use sections. The first describes the good reasons to invest at least ten percent of your long-term investment portfolio in international markets. The second section shows you various vehicles for investing, including mutual and closed-end funds; regional and country funds; industry and sector funds; and American depositary receipts. The authors also tell your what not to invest in, such as foreign bonds. They show how to pick the right money manager, and what danger signs to look out for. The third section is an extremely helpful description of the investment potential of various countries and regions, including Mexico, Canada, Great Britain, France, Germany, and Japan; the "Asian Tigers, " including Hong Kong, Taiwan, Thailand, and South Korea; China and India; and the "second tier, " including Italy, Spain, Australia, Switzerland, and Sweden. The authors also discuss emerging markets, such as South America, and include specific warnings about investing in such countries as Poland, Israel, Turkey, and Russia. There's exciting material on how to get in on the ground floor of some amazing possibilities, especially as more governments in developing countries decide to privatize railroads, airlines, and telecommunications systems. Last, the authors reveal the strategies the pros use to invest internationally, and they presentuseful hypothetical portfolios of both domestic and foreign investments to accommodate the different types of investors. Including multiple charts and graphs, this easy-to-read book will be a must for anyone interested in the super-hot area of global investing.