Overbought stock markets—and pathetic 1% dividends—here in the US just might have you tempted to look overseas for higher payouts. It’s a smart move. After all, plenty of countries offer investors higher dividends than America. For example, the yield on the FTSE 100 index, which consists of the 100 biggest companies on the London Stock Exchange by market cap, is 3.4% today, nearly triple the average S&P 500 payout of 1.3%. (And you can get strong diversification across the globe—with a strong North American base—when you buy the 8%-yielding fund we’ll get to shortly.) But as we discussed a couple weeks ago , we need to steer well clear of (or at least be very careful with) any exposure to China, because as fast as the country’s growth has been, the governing Chinese Communist Party’s respect for free markets is questionable—and has been growing more so of late.… Read more