Interview With Marc Faber: Diversify Outside The US

« Money Is Fungible, Chrysler Edition | Blog Home Page | A Contrarian Take On The Jobs Report »

Insider Monkey has a short interview with Mr. Doom, Boom & Gloom himself, Marc Faber: IM: And so that would be your advice to any novice investor right now?

Faber: My advice would be to diversify heavily and have money in other jurisdictions than the United States, in other assets than US assets. In say Asia, Asian equities, Asian real estate. And I would have some money in custody outside the USA, in Australia or in Singapore or in Hong Kong or in Switzerland and not have all my assets here in the United States.

IM: What assets do you have in the United States?

Faber: Well we don't have a lot of assets in the US. We own some corporate bonds and we own some shares, because they are international mining groups, for example, and they're listed in the US exchange. But they're not really US companies.

Read the entire interview:

Marc Faber Interview

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes