Radio: Continue Avoiding “Ring-of-Fire” Countries

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On June 21, 2011, David John Marotta was interviewed on radio 1070 WINA‘s Schilling Show discussing foreign investing and which countries to avoid. David’s interview begins at 9 minutes, 5 seconds on the recording.

A year ago David Marotta wrote the column, “Avoid the ‘Ring-of-Fire’ Countries” that suggested readers should underweight investments in countries with a high debt and deficit and low economic freedom. That recommendation has proven brilliant. Given the dangers of worldwide sovereign debt, this may be one time when investors should continue to tilt foreign and toward specific countries.

Bill Gross, cofounder of the Pacific Investment Management Company (PIMCO) and the country’s most prominent bond expert, coined the term “ring of fire” to highlight the dangers associated with countries with high debt and deficit. The eight countries he identified were Japan, Italy, Greece, France, the United States, the United Kingdom, Ireland and Spain.

Listen to the audio here:

Photo by Tim Gouw on Unsplash

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  2. Radio: Continue to Avoid the Ring-of-Fire Countries
  3. Avoid the “Ring-of-Fire” Countries
  4. The Ring of Fire – Part 2
  5. Sovereign Debt and Deficit by Country

We have no secret ingredient at Marotta Wealth Management. Instead, we openly and publicly publish our strategies as articles on our website.

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President, CFP®, AIF®, AAMS®

David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. In addition to his financial writing, David is a co-author of The Haunting of Bob Cratchit.