“Price is what you pay. Value is what you get.” That axiom from Warren Buffett is probably one of the best pieces of investing advice on the planet. Essentially, it cautions investors not to overpay for their holdings. These days, that advice is getting harder to follow. The coronavirus pandemic has thrown investors for a loop. Stocks have risen, but economic data remains poor. Meanwhile, new infections continue to grow.
All in all, there’s less value in the U.S. market than before and prices remain high.
That’s why investors might want to break out their passports and head overseas. European stocks continue to trade at big discounts and offer higher yields compared to their U.S. counterparts. At the same time, Europe seems to be rebounding at a faster pace than the United States. New infections are declining as well.
For investors seeking income, the time to bet big on Europe could be now.
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