drbagel

Time to Change Country Mix in World Market-Cap

I think some of the domestic overweight is driven by risk avoidance inherent in the investment industry. While trying to find a 529 plan, I discovered that almost all were 80-100% domestic in their stock allocations. I think these companies chose overly conservative portfolios for their ready made investment options. Why? It seems there is an assumption that consumers who use such products are not smart enough to assume investment risk. I'm not sure.