Learn about foreign investments
Lake Oswego Adult Community Center member and volunteer Art Henderson has put together an investment group that meets at 10 a.m. on the third Wednesday of each month. The intention is not to recommend where to invest money or convince participants that a certain investment is a good idea, but to share investment opportunities while analyzing statistics and discussing the pros and cons.
In a Forbes magazine article published in March 2017, author Allan Eberhart wrote about how impressed he was "with the investment potential of South Africa." He said South Africa isn't perfect and has substantial issues such as crime, but that similar issues don't stop people from investing in the U.S.
We stereotypically invest in U.S companies, Eberhart said, and play favorites by picking the home team when we should consider bulking up our portfolios with investments in the away team. Eberhart said international diversification can improve a portfolio's performance because markets don't fluctuate in unison. When the U.S. market was down by 22 percent after 9/11, South Africa's market rose by 49 percent.
Eberhart recommended visiting the foreign counties where you are interested in investing. Toward that end, longtime Lake Oswego resident Elmer Galbi will talk about investment opportunities in China, Russia and South Africa from 10 a.m. to noon on Aug. 16.
Before retiring, Galbi was a manager and consultant for large U.S., Japanese and Korean companies, and for almost 60 years he has been managing his own investments. He will offer a behind-the-scenes perspective of the governments and cultures of the three countries that help shape the companies located there — and their investment potential.
All are welcome to attend the free presentation; pre-registration is not required.
The lunch menu at the LOACC this week features a fish bowl on Friday, Aug. 11; Tuscan chicken pasta on Monday, Aug. 14; and shepherd's pie on Wednesday, Aug. 16. Cost is a suggested donation of $4 for those 60 and over and $5 for everyone else.
The LOACC is located at 505 G Ave., Lake Oswego, 97034. A list of activities and support groups can be found online at loacc.info, under the Calendar banner. Click on "View the Adult Community Center Calendar" and then the activity for more details. Call 503-635-3758 to register for classes, events, make lunch reservations or schedule a massage.
Maria Bigelow is the program supervisor at the Lake Oswego Adult Community Center.