NEW YORK (Money) — Question: I read your recent article in Money magazine regarding the craze for international investing. This past week my adviser has recommended this move since I have very little money in the international market. She recommended Nationwide International Growth Fund (GIGAX) and the Ivy Asset Strategy Fund (WASAX). What do you think of her advice?

The Mole’s Answer: Boy, are the red flags waving. I see at least three warning signs that it’s time to start looking for a new adviser.

Red Flag #1 - Previous lack of international stocks

I would first start by asking your adviser why you currently have so little money in the international stock market.

Red Flag #2 - Classic signs of performance chasing

A good adviser can help provide some focus and discipline to your portfolio. Part of that discipline should be to stop you from chasing what’s hot.

Red Flag #3 - Funds that generate high fees

Both funds your adviser recommended have front-end loads that charge as much as 5.75% of your investment the minute you buy the funds.

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