Why to look twice when your portfolio is doing well

当你的投资组合表现良好时,为什么要三思而后行

The Indicator from Planet Money

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2025-01-02

8 分钟
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People with American stocks in their portfolio are likely very happy right now. U.S. stocks were on a tear in 2024. But to some investors, that's a reason to look a longer look at their portfolio. Today on the show, one investor makes the case for the only free lunch in finance: diversification. Related episodes:Invest like a Congress member (Apple / Spotify) Rethinking what counts in investing (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • Npr.

  • People who had American stocks in their retirement fund or share trading app like Robinhood likely had a good year, notwithstanding a few bumps in the road recently, it was a very good year indeed.

  • That's right.

  • From Microsoft to Micron, US Stocks are on a rocket ship.

  • They're leaving the rest of the world behind.

  • And this outperformance has actually been going on since at least the Great Recession.

  • So a lot of people are now taking an America first approach to their investments and forgetting about investing in the rest of the world.

  • Dan Villalon is with AQR Capital Management.

  • The US Stock market has trounced the rest of the world, and so it's really hard to argue why people should be rebalancing back into the countries that have underperformed.

  • Dan, though, is trying his best to make that argument.

  • This is the indicator from Planet Money.

  • I'm Adrian Ma.

  • And I'm Darian Woods.

  • Today on the show Corporate American Exceptionalism, Dan makes the case for why a stock market hot streak might give investors pause after the break.

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