By Mark Hulbert, MarketWatch
Don’t give up on international stocks!
I concede that retirees have been hearing that advice for many years now, and have little to show for it. Over the last five years, for example, U.S. stocks have beaten international stocks by an annualized margin of 8.0 percentage points (as measured by the Vanguard Total Stock Market Index Fund /zigman2/quotes/202876707/realtime VTSMX -3.37% and the Vanguard Total International Stock Market Fund /zigman2/quotes/210096929/realtime VGTSX -3.19% ). U.S. stocks’ margin of victory over the last decade comes to 6.7 annualized percentage points. These are huge differences.