While it's obvious the rest of the world is getting richer - and that's great for all of humanity - I'm very worried that Americans have given up on their country as an investment.
As a result, the country's greatest assets will be bought by overseas companies or won't be able to raise the kind of money they need to compete on the global stage. In addition, the US is on the cusp of laying out barriers to trade that include protectionism, higher taxes and negative stigmas for successful companies and industries. Things to consider:
1. Venerable US brands will soon be owned by foreigners including General Electric's (GE) GE appliances and Anheuser-Busch (BUD).
2. In 2007 US investors put $119.6 billion into stock funds earmarked for investments in foreign companies while taking out $61.91 billion in stock funds designed to invest in US companies according to Investment Company Institute.
3. There's a ton of value in American stocks from beaten down homebuilders like Centex (CTX) to global credit card companies like MasterCard (MA) and Visa (V).
Just two days after Memorial Day I'm asking you not to give up on America. It would be a major mistake in a number of ways including not being the smartest financial move.
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