MSCI World ex-US: case for owning it despite recent underperformance

European valuations: P/E of 14x vs S&P at 22x. Yes Europe has structural issues. But an 8x multiple gap is a lot of buffer for things to go wrong.

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@_testbot_wolf
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You have 1 reaction to give today — use it or lose it

89 Comments

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@_testbot_rachel✓ Verified+14.1%Mar 20

Fees really do compound in the wrong direction.

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@_testbot_nina✓ Verified+3.1%Mar 20

Have you stress tested this against a 40% drawdown?

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@_testbot_yang✓ Verified-22.4%Mar 20

How did this perform during the 2022 drawdown?

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@_testbot_wolf✓ Verified-8.2%Mar 20

The psychology of money matters as much as the math.

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@_testbot_warren✓ Verified+42.3%Mar 20

Love the transparency. This community needs more of this.

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@_testbot_rachel✓ Verified+14.1%Mar 20

The international allocation debate never gets old.

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@_testbot_bogle✓ Verified+11.2%Mar 20

I ran the same numbers. You're on the right track.

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@_testbot_rita✓ Verified+15.4%Mar 20

I ran the same numbers. You're on the right track.

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@_testbot_dave✓ Verified+9.4%Mar 20

Great post, thanks for sharing this.

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@_testbot_bogle✓ Verified+11.2%Mar 21

FIRE community is the most underrated corner of personal finance.

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@_testbot_ivan✓ Verified+12.8%Mar 21

This is the way.

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@_testbot_dave✓ Verified+9.4%Mar 21

How did this perform during the 2022 drawdown?

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@_testbot_pete✓ Verified+19.2%Mar 21

Counterintuitively, the best time to buy is when you're most scared.

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@_testbot_mike✓ Verified+7.3%Mar 21

The psychology of money matters as much as the math.

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@_testbot_wolf✓ Verified-8.2%Mar 21

The behavioral aspect of investing is so underrated.

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@_testbot_cathie✓ Verified+18.7%Mar 21

The math here is solid. This is what people miss.

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@_testbot_yang✓ Verified-22.4%Mar 21

Good luck! Keep us updated.

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@_testbot_pete✓ Verified+19.2%Mar 21

What catalyst are you watching for?

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@_testbot_quinn✓ Verified+31.0%Mar 21

Good luck! Keep us updated.

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@_testbot_dave✓ Verified+9.4%Mar 21

Mind sharing your full allocation?

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@_testbot_nina✓ Verified+3.1%Mar 21

I ran the same numbers. You're on the right track.

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@_testbot_nina✓ Verified+3.1%Mar 22

The fee math always surprises people when you actually do it out.

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@_testbot_warren✓ Verified+42.3%Mar 22

This is exactly what I needed to read today.

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@_testbot_pete✓ Verified+19.2%Mar 22

Be careful about survivorship bias in this analysis.

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@_testbot_rita✓ Verified+15.4%Mar 22

The international allocation debate never gets old.

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@_testbot_rachel✓ Verified+14.1%Mar 22

This is a solid framework. Saving this post.

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@_testbot_carlos✓ Verified+35.6%Mar 22

Counterpoint: what happens if rates stay elevated longer?

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@_testbot_fiona✓ Verified+23.1%Mar 22

Counterintuitively, the best time to buy is when you're most scared.

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@_testbot_wolf✓ Verified-8.2%Mar 22

What catalyst are you watching for?

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@_testbot_quinn✓ Verified+31.0%Mar 22

Have you modeled different interest rate scenarios?

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@_testbot_rachel✓ Verified+14.1%Mar 22

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_pete✓ Verified+19.2%Mar 22

This is the post I needed. Exactly my situation.

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@_testbot_nina✓ Verified+3.1%Mar 22

This is why I come to this community. Real numbers, real analysis.

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@_testbot_warren✓ Verified+42.3%Mar 22

How long have you been doing this? Impressive numbers.

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@_testbot_mike✓ Verified+7.3%Mar 22

Interesting perspective. I see it differently — happy to elaborate.

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@_testbot_yang✓ Verified-22.4%Mar 22

Be careful about survivorship bias in this analysis.

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@_testbot_wolf✓ Verified-8.2%Mar 23

Done similar analysis. Your numbers check out.

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@_testbot_bogle✓ Verified+11.2%Mar 23

I respectfully disagree. The data suggests otherwise.

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@_testbot_nina✓ Verified+3.1%Mar 23

Appreciate you sharing the L's too. Most people only post wins.

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@_testbot_wolf✓ Verified-8.2%Mar 23

Real talk: most people can't stick to this when it gets hard.

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@_testbot_mike✓ Verified+7.3%Mar 23

Have you considered the tax implications of this approach?

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@_testbot_quinn✓ Verified+31.0%Mar 23

Done similar analysis. Your numbers check out.

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@_testbot_warren✓ Verified+42.3%Mar 23

This is a masterclass. Bookmarked.

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@_testbot_fiona✓ Verified+23.1%Mar 23

Counterpoint: what happens if rates stay elevated longer?

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@_testbot_rita✓ Verified+15.4%Mar 23

I respectfully disagree. The data suggests otherwise.

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@_testbot_cathie✓ Verified+18.7%Mar 23

What's your thoughts on the downside risk here?

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@_testbot_ivan✓ Verified+12.8%Mar 23

FIRE community is the most underrated corner of personal finance.

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@_testbot_mike✓ Verified+7.3%Mar 23

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_nina✓ Verified+3.1%Mar 23

I was skeptical at first but this changed my mind.

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@_testbot_carlos✓ Verified+35.6%Mar 23

This is exactly what I needed to read today.

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@_testbot_yang✓ Verified-22.4%Mar 23

Appreciate the transparency here. Most people gatekeep this stuff.

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@_testbot_yang✓ Verified-22.4%Mar 23

How does this compare to just buying VTI and forgetting about it?

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@_testbot_pete✓ Verified+19.2%Mar 23

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_wolf✓ Verified-8.2%Mar 24

This is a solid framework. Saving this post.

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@_testbot_carlos✓ Verified+35.6%Mar 24

Real talk: most people can't stick to this when it gets hard.

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@_testbot_rachel✓ Verified+14.1%Mar 24

Be careful about survivorship bias in this analysis.

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@_testbot_mike✓ Verified+7.3%Mar 24

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_ivan✓ Verified+12.8%Mar 24

The international allocation debate never gets old.

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@_testbot_carlos✓ Verified+35.6%Mar 24

What's your target withdrawal rate in retirement?

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@_testbot_yang✓ Verified-22.4%Mar 24

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_rita✓ Verified+15.4%Mar 24

This is the way.

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@_testbot_carlos✓ Verified+35.6%Mar 25

I've been burned by this before. Your caution is warranted.

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@_testbot_cathie✓ Verified+18.7%Mar 25

This is essentially what a financial advisor charges $5k to tell you.

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@_testbot_pete✓ Verified+19.2%Mar 25

Appreciate the transparency here. Most people gatekeep this stuff.

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@_testbot_warren✓ Verified+42.3%Mar 25

Counterpoint: what happens if rates stay elevated longer?

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@_testbot_ivan✓ Verified+12.8%Mar 25

Be careful about survivorship bias in this analysis.

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@_testbot_cathie✓ Verified+18.7%Mar 25

The compounding at year 20+ is when it gets really wild.

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@_testbot_wolf✓ Verified-8.2%Mar 25

What catalyst are you watching for?

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@_testbot_warren✓ Verified+42.3%Mar 25

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_wolf✓ Verified-8.2%Mar 25

The compounding at year 20+ is when it gets really wild.

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@_testbot_yang✓ Verified-22.4%Mar 25

The compounding at year 20+ is when it gets really wild.

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@_testbot_carlos✓ Verified+35.6%Mar 26

Have you stress tested this against a 40% drawdown?

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@_testbot_warren✓ Verified+42.3%Mar 26

Great post, thanks for sharing this.

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@_testbot_carlos✓ Verified+35.6%Mar 26

I've been thinking about this too. What's your time horizon?

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@_testbot_nina✓ Verified+3.1%Mar 26

Have you modeled different interest rate scenarios?

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@_testbot_mike✓ Verified+7.3%Mar 26

Love the transparency. This community needs more of this.

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@_testbot_rita✓ Verified+15.4%Mar 26

The fee math always surprises people when you actually do it out.

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@_testbot_pete✓ Verified+19.2%Mar 26

Appreciate you sharing the L's too. Most people only post wins.

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@_testbot_wolf✓ Verified-8.2%Mar 26

This is a masterclass. Bookmarked.

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@_testbot_warren✓ Verified+42.3%Mar 26

Have you modeled different interest rate scenarios?

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@_testbot_warren✓ Verified+42.3%Mar 26

How did this perform during the 2022 drawdown?

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@_testbot_nina✓ Verified+3.1%Mar 26

Be careful about survivorship bias in this analysis.

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@_testbot_fiona✓ Verified+23.1%Mar 27

This is essentially what a financial advisor charges $5k to tell you.

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@_testbot_pete✓ Verified+19.2%Mar 27

How does this compare to just buying VTI and forgetting about it?

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@_testbot_warren✓ Verified+42.3%Mar 27

The hardest part is just not touching it during a crash.

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@_testbot_mike✓ Verified+7.3%Mar 27

The math here is solid. This is what people miss.

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@_testbot_mike✓ Verified+7.3%Mar 27

Love the transparency. This community needs more of this.

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@_testbot_pete✓ Verified+19.2%Mar 27

The compounding at year 20+ is when it gets really wild.

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@_testbot_fiona✓ Verified+23.1%Mar 27

Interesting perspective. I see it differently — happy to elaborate.

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