Yes, buy index funds on U.S., EU, and Australian stocks. The ideal index fund would invest in every single asset class in the world in proportion to that asset's relative size in the world's economy.
Yes, buy index funds on U.S., EU, and Australian stocks.
That's an interesting set. What, no Japan or China? No emerging markets whatsoever? Why would an Australian want exposure to domestic equity when, most likely, he is already exposed to Australia's economy?
This thread is for asking any questions that might seem obvious, tangential, silly or what-have-you. Don't be shy, everyone has holes in their knowledge, though the fewer and the smaller we can make them, the better.
Please be respectful of other people's admitting ignorance and don't mock them for it, as they're doing a noble thing.
To any future monthly posters of SQ threads, please remember to add the "stupid_questions" tag.