Click to Print  World View  As the dollar declines, set your
sights on diversification. January 1, 2008  If you have a well-
rounded investment portfolio, it won't be filled only with U.S.
securities. You know this, right? Well, now is a good time to
remind yourself, since the U.S. dollar is at its weakest point
in a generation.  A punier greenback is a good thing for
nondollar-denominated investments. Let's say, for the sake of
simplicity, that you earned 10,000 reals in profit from your
Brazil-focused, exchange-traded fund. If the dollar-to-real
exchange rate is 2-to-1, then your earnings are worth $5,000.
But if the exchange rate drops to 1.8-to-1, then converting your
profits will yield $5,556--same investment, same return, more
U.S. dollars in your pocket and happy days.  No financial
planner worth his or her salt would suggest a top-to-bottom
portfolio makeover based on currency fluctuations alone. But it
may be time to tweak around the edges to reflect the new global
reality. For starters, consider at l