The Top 100 International Growth Stocks

Zusatztext Stuart Varney CNN Business News If you?re interested in international stocks you?ll need this book. Providing a wealth of well-researched company-specific information, it is the who, when and why compendium of global investing. Informationen zum Autor Scott E. Kalb is managing director at Salomon Smith Barney and a senior portfolio manager for the Smith Barney International Equity Fund. He lives in New York City. Klappentext One Hundred New Ways to Make Your Money Work Harder Countless foreign stocks routinely outperform the S&P 500, but sending your money halfway around the world can feel risky -- unless you know which stocks to invest in. How can you make informed decisions on the international market? How can you find the Microsoft of Germany or Wal-Mart of France? What stocks should you buy in emerging markets such as Asia and Latin America? The Top 100 International Growth Stocks highlights the best opportunities for creating a diversified portfolio of stable, quality investments. Here are: Detailed company profiles of 100 overseas performers Invaluable ?grading boxes? that rate growth, management quality, and risk factors Share-price performance charts Tips on how and when to purchase foreign stocks and track your investments Scott and Peggy Kalb analyzed more than 10,000 companies before they arrived at their top 100. Their selections have survived and prospered despite recessions, political upheaval, difficult mergers, and tough competition -- because the focus here is on long-term, blue-chip investments. Leseprobe Chapter 1 Going Global with the Top 100 International Growth Stocks There are two times in a man's life when he should not speculate: when he can't afford it and when he can. Mark Twain (1897) What do most investors want? The best possible returns for the least possible worry. Our advice: Go global. In this book we have carefully chosen 100 top international growth stocks all suitable for a well-diversified portfolio: stocks that complement domestic growth stocks and, when added to a solid U.S. portfolio, should help to increase returns with no added risk. Why Stocks and Why Go Global? Stocks Versus Bonds and Cash Investors often ask why they should put their savings into risky stocks instead of bonds, or instead of into bank instruments. The answer? Over time the return on stocks has been higher than on either of those alternatives. As inflation lowers the value of the dollar, the fixed rates of return offered by bank deposits and bonds actually decrease in value. Stocks, on the other hand, appreciate based on the earnings performance of the company, valuations accorded to those earnings, and inflation. Provided management is able to raise prices, maintain margins, and increase earnings successfully over time, a company's share price should -- at the very least -- provide an attractive real return over the rate of inflation. The impact of this inflation effect is enormous. As can be seen in Chart 1, $10,000 invested broadly in the U.S. stock market during the five-year period 1991-1995 recorded an average return of 17.3% per annum, including dividends, amounting to $22,207 in all. The average annual return on bonds during this period was high at 14.7%, yielding $19,853 for the same investment but still lower than the return on stocks. The return on money market funds was even lower, at 4.5% per annum, yielding $12,462. And remember that most of the return on bonds and all of the return on money market funds is subject to income tax, while most of the return on stocks is capital gains, free of tax until a sale is made. Cash dividend payments on stock are subject to income tax but make up only a small percentage of total returns for stock holdings. Thus, because of taxes, the effective return on bonds and cash, when compared with stocks, is lower than...

Autorentext

Scott E. Kalb is managing director at Salomon Smith Barney and a senior portfolio manager for the Smith Barney International Equity Fund. He lives in New York City.

Klappentext

For savvy investors eager to profit from the international market, two seasoned professionals provide authoritative information on finding the winners. Charts & graphs.

Inhalt

Going Global with the Top 100 International Growth Stocks

Company Selection and Grading

Getting Started

Following Your International Companies

Trends and Observations

Understanding the Financial Tables

Glossary

The Top 100

Appendix

Index