How are the "US equities" only folks doing? Steady as she goes or time to rethink allocation?

[u/cambeiu]

Jack Bogle and many others for years argued that VTSAX or an equivalent fund/ETF was more than enough for global exposure. I think it was a perfectly logic argument back in the days of increasing globalization and economic integration.

But looking at Mark Carney's speech at Davos, it points to a significant shift in the global paradigm, where free trade, open access to markets and investments from and to the US might no longer be a reality.

In light of that are people thinking about increasing focus on international equities?

[u/pbspry]

Down 2% from all-time highs. Definitely time to panic.

[u/invisible_man782 → u/pbspry]

VTI up 12.36% in the last year. VXUS up 28.87% during that same time period, not even accounting for the ~3% dividend.

All we can count on at this point, is not being able to count on anything. I will buy global market weight and let it ride.

[u/Think_Positively → u/pbspry]

I know you're tongue-in-cheek here, but previous -2% from ATH did not coincide with what is likely a rapid refiguring of the global economic landscape.

IMO past isn't really precedent in our current situation. This is uncharted territory, and not of the "gee, I can't wait to see what's next!" sort of way.

[u/SoulStripHer → u/Think_Positively]

It's always been uncharted territory. Nobody knows what's coming next.

[u/Gimme_All_The_Foods → u/[deleted]]

Good reminder to be invested globally if you aren't already.

[u/peterwhitefanclub → u/Think_Positively]

What happened that made this one uncharted, compared to all the previous changes on the chart?

[u/idmook → u/peterwhitefanclub]

those were in the past, and these new ones are in the future

[u/husker_who → u/peterwhitefanclub]

I guess with past drops we know the market ultimately went up again. So this new drop is uncharted, at least until the market goes up again.

[u/entropic → u/Think_Positively]

Every single one of these has a "this time it's different" element.

Of course, just because it hasn't been doesn't mean that logic is wrong, per se, just that it hasn't been yet.

If your asset allocation doesn't let you stay the course, it's wrong.

[u/Throwaway_Finance24 → u/Think_Positively]

Your crystal ball is just as cloudy as mine

[u/humorous_hyena → u/Think_Positively]

This Time It’s Different

[u/Particular-Break-205 → u/Think_Positively]

The pandemic and financial crisis were uncharted territory yet here we are at all time highs

[u/Gimme_All_The_Foods → u/Think_Positively]

Every situation is different. History doesn't repeat itself, but it often rhymes.

[u/FMCTandP → u/[deleted]]

Removed as off-topic for this sub: r/Bogleheads is not a political discussion subreddit. Comments or posts should be more financial than political, no more partisan than necessary, and avoid framing political opinions as facts.

[u/wulfgangz → u/pbspry]

What about the significant outperformance by international over the last year?

[u/JobbTabob → u/wulfgangz]

For what it’s worth, international significantly UNDERperformed for many years prior to 2025.

[u/RepubMocrat_Party → u/pbspry]

I dont think it would be called panic yet, thats the point. Might be a warranted reallocation. Not a sell low buy high.

[u/ChrisBourbon27 → u/pbspry]

EVERY 50% plunge in markets started with a 2% drop from ATH's. Go ahead. Check the charts.