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3 International Tech Stocks to Buy Right Now By StockNews

by Mike Robinson

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© Reuters. Three International Tech Stocks You Should Buy Now

Investors have had to deal with many concerns over the past few weeks, including rising inflation, Chinese debt and the debate about raising our debt ceiling. That’s why investors should consider diversifying their portfolios. The market’s volatility has increased over the past few weeks. The market is still very nervous due to inflation and COVID. There are also new concerns such as the Debt Ceiling debate and an Evergrande default. In times like this, investors might consider decreasing their risk profiles.

One option to achieve this is to invest only in stocks that are less risky. Another way is to diversify your portfolio to lower the likelihood of losing money. Investing in stocks outside of the United States is a great way to achieve this. While there is some performance overlap between domestic and international stocks, they aren’t totally correlated.

For instance, I measured the correlation between the SPDR S&P 500 ETF (SPY) and the iShares MSCI EAFE ETF (EFA), which measures the international stock market. EFA is approximately 85% related to SPY. If you pick individual stocks, this correlation decreases even more.

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