Stay out of the US if you're looking for profits

As American Independence Day approaches, the country's major indexes are having a hard time of it. So if you hope to make any money from stocks, it's best to head overseas to emerging markets.

Take out a piece of paper. Write January 1 to June 30, 2008 on it. Now wad it up into a tight ball and launch it across the room as hard as you can. Feel better? That should help relieve some of the tension from a truly awful first half of 2008 - and an even worse month of June alone.

As the first half of 2008 comes to a close today, the major indexes are staggering along, with several major negative forces still continuing to pummel them.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.