Andrew Hallam

Millionaire Expat (eBook, PDF)

How To Build Wealth Living Overseas

• Format: PDF

Produktbeschreibung

Build your strongest-ever portfolio from anywhere in the world Millionaire Expat is a handbook for smart investing, saving for retirement, and building wealth while overseas. As a follow-up to The Global Expatriate's Guide to Investing, this book provides savvy investment advice for everyone--no matter where you're from--to help you achieve your financial goals. Whether you're looking for safety, strong growth, or a mix of both, index funds are the answer. Low-risk and reliable, these are the investments you won't hear about from most advisors. Most advisors would rather earn whopping commissions than follow sound financial principles, but Warren Buffett and Nobel Prize winners agree that index funds are the best way to achieve market success--so who are you ready to trust with your financial future? If you want a better advisor, this book will show you how to find one; if you'd rather go it alone, this book gives you index fund strategies to help you invest in the best products for you. * Learn how to invest for both safety and strong returns * Discover just how much retirement will actually cost, and how much you should be saving every month * Find out where to find a trustworthy advisor--or go it alone * Take advantage of your offshore status to invest successfully and profitably Author Andrew Hallam was a high school teacher who built a million-dollar portfolio--on a teacher's salary. He knows how everyday people can achieve success in the market. In Millionaire Expat, he tailors his best advice to the unique needs of those living overseas to give you the targeted, real-world guidance you need.

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Produktdetails

• Verlag: Wiley-Blackwell
• Seitenzahl: 416
• Erscheinungstermin: 15. Dezember 2017
• Englisch
• ISBN-13: 9781119411918
• Artikelnr.: 50520604

Autorenporträt

ANDREW HALLAM is a personal finance columnist and former international high school teacher. He built a million-dollar investment portfolio on a teacher's salary. He is the author of the bestselling book, Millionaire Teacher, and writes a regular finance column for Canada's national paper, The Globe and Mail. A former columnist for Canadian Business magazine, he also writes a weekly column for the U.S.-based financial services company, Assetbuilder. Andrew is a regular on TV and radio, and his website, andrewhallam.com, has become a beacon for expatriate investors around the world.

Inhaltsangabe

Foreword Ian McGugan xixAcknowledgments xxiiiIntroduction 1Chapter 1: Grow Big Profits without Any Effort 5Why Average Returns Aren't Normal 9Stocks Pound Inflation 11What Has the Stock Market Done for You Lately? 13Undressing Stocks with 50 Shades of Gray 14The Stock Market Stars as the Great Humiliator 17Fast-Growing Economies Can Produce Weak Returns 19Bonds Are Protective Nets for Jumpers 21Can You Lose Money with Bonds? 23Chapter 2: Don't Start a Fight with an Escalator 27Yes, the Financial District Loves You! 28Global Investors Getting Fleeced 29Chapter 3: Where Are the Customers' Yachts? 33Global Investors Bleed by the Same Sword 34American Expatriates Run Naked 37Why Brokers Want to Muzzle Warren Buffett 38Financial Advisors Touting "The World Is Flat!" 40Hedge Fund Money Spanked for Its Con 42Why Most Investors Underperform Their Funds 50Why Do Financial Advisors Lie? 54Chapter 4: Don't Let a Fool or a Psychopath Wreck Your Future 59The deVere Group Faces Trouble 62Expats Pay the World's Highest Investment Fees 63A Canadian Investor Gets Bled 65Investment Schemes That Cripple Like a Virus 66British Expats: Can I Trade You That Diamond for a Big Lump of Coal? 68Featuring the Rip-Offers 69The 10 Habits of Successful Financial Advisors Really? 70When Your Advisor Is a Sales Commando 71Welcoming Sharks into the Seal Pool 72Misled Investors Pay the Price 76Would You Like a Band-Aid for That Bleeding Gash? 76Masters of the Insured Death Benefit Illusion 77Free Fund Switching Isn't a Perk 77Making Millions off the General Public 78Fooling the Masses with Numbers 79Regulators Making an Effort 80Record Complaints in the UAE Are Gaining Some Attention 83Can Squeaky Wheels Gain Redemption? 83Should You Ditch Your Offshore Pension? 84When High Fees Meet Gunslingers 86A Son's Inheritance Gets Plundered 87Canadian Teacher Gets Scalped 90Investor in Thailand Makes the Great Escape 97Poor Performance Packs a Three-Way Punch 101Responsible Savers Often Pay a Big Price 102Chapter 5: Self-Appointed Gurus and Neanderthal Brains 109Why Most Investors Should Hope for Falling Markets 110Are You Cheering for the Right Team? 111If You're Just Starting Out, Pray for Stocks to Sputter 113Should You Worry When Stocks Hit All-Time Highs? 115The Only Thing That Matters 117It's Not Timing the Market That Matters; It's Time in the Market 118High Unemployment and High Stock Returns 119What Can You Miss by Guessing Wrong? 121When Investors and Advisors Sabotage Their Rides 123Popular Stocks Underperform 124How About the Next Big Thing? 127When Genius Fails 128Are Index Fund Investors Smarter? 129Chapter 6: An Employer's Greatest Challenge 135Keep the Foxes Out of the Henhouse 136Is Your Devil Big or Small? 137Don't Give a Climber a Flaming Rope 137Would You Hire a Guy without a License to Drive Your Retirement? 138Fees--How Much Is Too Much? 140So What's the Solution for Global Employers? 141When Employers Offer Carrots 147Non-American Teachers: If You Slash Your Bicycle Tire We'll Reward You With A Push 147How School Administrators Could Really Boost Savings 148Chapter 7: Couch Potato Investing 153Don't Bonds Tie You Down? 154Is It More of a Fling than a Real Relationship? 154Are You Worried That Bond Interest Rates Are Low? 156Potatoes Growing Globally 158Bonds Relative to Age and Risk 158What If You're Falling Behind? 160Profiting from Panic--Stock Market Crash 2008-2009 160Owning the World 161Where Do You Plan to Retire? 162Are You Retiring in an Emerging-Market Country? 164Does This Sound Too Good to Be True? 164Chapter 8: Investment Advisors with a Conscience 167Do You Have a Ninja's Discipline? 168Qualities of a Great Financial Advisor 168Investment Professionals Worth Considering 172British Investors: You Ready for a Hybrid? 182Crush Your "Sophisticated" Investment Friends 183Why Many Global Expats Are Naming Their Newborns Mark 189Conclusion 190Chapter 9: Choosing Your Offshore Brokerage--For Non-Americans 193DBS Vickers Securities Opens the Door to Everyone 197Why You Should Avoid TD Ameritrade Singapore 198TD Direct Investing International (Internaxx) 198Saxo Capital Markets--A Jewel with Distractions 199Swissquote Offers Options 200Is Interactive Brokers the Dark Horse Winner? 201Chapter 10: The 30 Questions Do-It-Yourself Investors Ask 205What's the Difference between an Exchange-Traded Index Fund (ETF) and an Index Fund? 205Do Non-Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares? 206What's a Sector-Specific ETF? 207Should I Buy an Index that's Currency Hedged? 208What's the Scoop on Withholding Taxes? (For Non-Americans) 209Will You Have to Pay Currency Conversions? 211Should I Be Concerned about Currency Risks? 212Do the Unit Prices of ETFs Show Which are Expensive or Cheap? 213If I Have a Lump Sum, Should I Invest It All at Once? 213I'm in Some Expensive Products, but They're CurrentlyDown in Value. Should I Sell Now or Wait? 214How Do I Open a Brokerage Account and Make Purchases? (For Non-Americans) 215What If I Find a Higher-Performing Bond Index? 219What If I Find a Cheaper ETF? 220Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees? 220How Little Can I Invest Each Month? 221Stock Markets Are High. Should I Really Start Investing? 222Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low-Cost Provider? 223Can Muslims Build a Portfolio of Shariah-Compliant Funds? 223Could You Build a Portfolio of Socially Responsible Index Funds? 225Why Doesn't My Brokerage Offer the Funds I Want? 226Why Hasn't My Bond ETF Risen in Value? 226What If My Bond ETF Is Priced in a Different Currency? 227Are Cryptocurrencies, like Bitcoin, Good Investments? 228Should I Buy a Real Estate Investment Trust (REIT) Index? 230Should I Buy a Smart Beta ETF? 231Should I Invest in Gold? 232Don't Small-Company Stocks Beat Larger-Company Stocks? 233What If You and Your Spouse Represent Different Nationalities? 235Could Index Fund Investing Become Too Popular? 236What If I Need Help Building My Portfolio? 238Let's Go! 239Chapter 11: Portfolio Models for American Expats 243Do You Currently Invest with Vanguard? 244Couch Potato Investing with Vanguard 245Couch Potato Investing with a Vanguard Stick Shift 247When Investors Binge on Speculation 248Socially Responsible Investing 255Interactive Brokers Offers a Great Deal 255Doing the Couch Potato with Interactive Brokers 257Socially Responsible Couch Potato Portfolio 260Don't Contribute Illegally to Your IRA 260What Exactly Is an IRA? 260Roth IRAs Are Different 262Chapter 12: Portfolio Models for Canadian Expats 265Canadian Funds Earn an "F" for Costs 266Brokerage Options for Expatriate Canadians 269Brokerages for Canadians in Capital Gains-Free Jurisdictions 269Building a Canadian Couch Potato Portfolio 270ETF Canadian Price War 275What About RRSPs and TFSAs? 275Swap-Based ETFs--The Ultimate Legal Tax Dodge 276Chapter 13: Portfolio Models for British Expats 281Expensive Firms Performing Like a Virgin 282Couch Potato Investing for British Expatriates 283How Do You Rebalance a Multicurrency Portfolio? 287Socially Responsible Investing for British Expats 290Shariah-Compliant Investing for Muslims 291Are You Really Ready to Do This? 294Chapter 14: Portfolio Models for Australian Expats 297Fancy an Australian Couch Potato? 299Socially Responsible Investing for Australians 302Now Look Deeply into That Mirror 303Chapter 15: Portfolio Models for New Zealand Expats 307Socially Responsible Investing (SRI) 308Do You Have What It Takes? 312Chapter 16: Portfolio Models for South African and South American Expats 315South African Investors 315South Africans Fry Up the Couch Potato 316South American Investors 319Are You Having Troubles Selecting Your Portfolio? 320Chapter 17: Portfolio Models for Irish and European Expats 323The European Cheapskate Couch Potato Portfolio 326Socially Responsible Investing for Europeans 329Don't Get Suckered by the Sirens 329Chapter 18: Portfolio Models for Asian Expats 333Speculators Suffer 336Chapter 19: Setting Your Bull's-Eye 339What's a Better Definition of Wealth? 341What's This Ailment Expatitis? 341Cheating Conventional Retirement Rules 342Married Couple Lives Well on Just $20,000 a Year 343Could You Retire on Less than $15,000 a Year? 345The Home-Country Retirement Plan 345How Much Money Will You Need? 348British Teacher in Japan Aims to Retire in Style 349Single Canadian Woman Lights Her Investment Fire 351Dubai-Based Pilot Plans to See His Savings Soar 353Now It's Your Turn 354Chapter 20: How Much Money Should You Be Saving? 357How to Never Run Out of Money 358Could You Cleverly Withdraw More than 4 Percent? 361Third-Culture Kid Sets Her Savings Goal 363How Much Money Will Rosanna Need? 365Where Can International Teachers Save a Lot of Money? 366Robert and Yik Consider Thailand or New Zealand 367Should This Couple Stress? 369Couple Plans for a Two-Country Retirement 370Now It's Your Turn 376Conclusion 379Index 381