According to Houston financial advisors Richard J. Alphonso, J.D., C.P.A., M.S.T. and Steven A. Estrin, M.B.A., foreign nations haven’t quite matched U.S. strides in addressing the Year 2000 (Y2K) computer problem. They anticipate that foreign markets will eventually recognize this problem and possibly overact.

Any potential correction will provide an avenue for buying international stocks (via mutual funds) at attractive prices.

Keep a reasonable amount of cash on hand at the end of 1999 to take advantage of any buying opportunities.