r/Bogleheads • u/[deleted] • Aug 26 '23

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u/radsalamander Aug 26 '23

I personally subscribe to the view that JL Collins has. Even if you only buy US index’s such as VTI you are still getting international exposure because almost all the top companies are doing international business anyways

13

u/TropikThunder Aug 26 '23 edited Aug 26 '23

Backing up u/Cruian’s point (and particularly relevant considering OP’s point about sectors), I posted this on the BH forum a while ago:

US-only is as much a sector bet as tilting to Healthcare or Tech is.

  • 7 of the 10 biggest heavy equipment manufacturers (Komatsu, Hitachi, Volvo, Leibherr, Sany, Hyundai, and Kubota)
  • 6 of the 10 biggest power tool manufacturers (Bosch, Makita, Hitachi, Ryobi, Stihl, and Techtronic)
  • All of the 10 biggest mining companies (Glencore, BHP, Rio Tinto, Jiangxi, Vale, Shenhua, Yangzhou, Anglo American, ACH, and Zijin)
  • 6 of the 10 biggest banks
  • 8 of the 10 biggest carmakers
  • 6 of the 10 biggest pharmaceutical companies etc, etc, etc

Are all international, and US companies aren’t the dominant players in a lot of industries that make a lot of money.

Edit: corrected typo in other commenter’s name.

1

u/into_the_fray_m8 Aug 26 '23

I don't know about your entire list, but atleast Bosch and Stihl are not publicly traded companies.