Many authors I follow on Seeking Alpha are exclusively concentrated in domestic equities. Portfolios may be diverse by sector, but they are infrequently diverse geographically. The lion’s share of companies these investors select are multinationals with expansive business in other parts of the world but domiciled in the United States. Some examples are: McDonald’s (NYSE:MCD), Exxon Mobil (NYSE:XOM), Apple (NASDAQ:AAPL), Nike (NYSE:NKE), and Visa (NYSE:V). (Great companies all, for the record.)
I can understand why. With the recent Tax Cuts and Jobs Act of