Millionaire Expat
John Wiley & Sons Inc (Verlag)
978-1-119-41189-5 (ISBN)
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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.
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.
Foreword Ian McGugan xix
Acknowledgments xxiii
Introduction 1
Chapter 1: Grow Big Profits without Any Effort 5
Why Average Returns Aren’t Normal 9
Stocks Pound Inflation 11
What Has the Stock Market Done for You Lately? 13
Undressing Stocks with 50 Shades of Gray 14
The Stock Market Stars as the Great Humiliator 17
Fast-Growing Economies Can Produce Weak Returns 19
Bonds Are Protective Nets for Jumpers 21
Can You Lose Money with Bonds? 23
Chapter 2: Don’t Start a Fight with an Escalator 27
Yes, the Financial District Loves You! 28
Global Investors Getting Fleeced 29
Chapter 3: Where Are the Customers’ Yachts? 33
Global Investors Bleed by the Same Sword 34
American Expatriates Run Naked 37
Why Brokers Want to Muzzle Warren Buffett 38
Financial Advisors Touting “The World Is Flat!” 40
Hedge Fund Money Spanked for Its Con 42
Why Most Investors Underperform Their Funds 50
Why Do Financial Advisors Lie? 54
Chapter 4: Don’t Let a Fool or a Psychopath Wreck Your Future 59
The deVere Group Faces Trouble 62
Expats Pay the World’s Highest Investment Fees 63
A Canadian Investor Gets Bled 65
Investment Schemes That Cripple Like a Virus 66
British Expats: Can I Trade You That Diamond for a Big Lump of Coal? 68
Featuring the Rip-Offers 69
The 10 Habits of Successful Financial Advisors Really? 70
When Your Advisor Is a Sales Commando 71
Welcoming Sharks into the Seal Pool 72
Misled Investors Pay the Price 76
Would You Like a Band-Aid for That Bleeding Gash? 76
Masters of the Insured Death Benefit Illusion 77
Free Fund Switching Isn’t a Perk 77
Making Millions off the General Public 78
Fooling the Masses with Numbers 79
Regulators Making an Effort 80
Record Complaints in the UAE Are Gaining Some Attention 83
Can Squeaky Wheels Gain Redemption? 83
Should You Ditch Your Offshore Pension? 84
When High Fees Meet Gunslingers 86
A Son’s Inheritance Gets Plundered 87
Canadian Teacher Gets Scalped 90
Investor in Thailand Makes the Great Escape 97
Poor Performance Packs a Three-Way Punch 101
Responsible Savers Often Pay a Big Price 102
Chapter 5: Self-Appointed Gurus and Neanderthal Brains 109
Why Most Investors Should Hope for Falling Markets 110
Are You Cheering for the Right Team? 111
If You’re Just Starting Out, Pray for Stocks to Sputter 113
Should You Worry When Stocks Hit All-Time Highs? 115
The Only Thing That Matters 117
It’s Not Timing the Market That Matters; It’s Time in the Market 118
High Unemployment and High Stock Returns 119
What Can You Miss by Guessing Wrong? 121
When Investors and Advisors Sabotage Their Rides 123
Popular Stocks Underperform 124
How About the Next Big Thing? 127
When Genius Fails 128
Are Index Fund Investors Smarter? 129
Chapter 6: An Employer’s Greatest Challenge 135
Keep the Foxes Out of the Henhouse 136
Is Your Devil Big or Small? 137
Don’t Give a Climber a Flaming Rope 137
Would You Hire a Guy without a License to Drive Your Retirement? 138
Fees—How Much Is Too Much? 140
So What’s the Solution for Global Employers? 141
When Employers Offer Carrots 147
Non-American Teachers: If You Slash Your Bicycle Tire We’ll Reward You With A Push 147
How School Administrators Could Really Boost Savings 148
Chapter 7: Couch Potato Investing 153
Don’t Bonds Tie You Down? 154
Is It More of a Fling than a Real Relationship? 154
Are You Worried That Bond Interest Rates Are Low? 156
Potatoes Growing Globally 158
Bonds Relative to Age and Risk 158
What If You’re Falling Behind? 160
Profiting from Panic—Stock Market Crash 2008–2009 160
Owning the World 161
Where Do You Plan to Retire? 162
Are You Retiring in an Emerging-Market Country? 164
Does This Sound Too Good to Be True? 164
Chapter 8: Investment Advisors with a Conscience 167
Do You Have a Ninja’s Discipline? 168
Qualities of a Great Financial Advisor 168
Investment Professionals Worth Considering 172
British Investors: You Ready for a Hybrid? 182
Crush Your “Sophisticated” Investment Friends 183
Why Many Global Expats Are Naming Their Newborns Mark 189
Conclusion 190
Chapter 9: Choosing Your Offshore Brokerage—For Non-Americans 193
DBS Vickers Securities Opens the Door to Everyone 197
Why You Should Avoid TD Ameritrade Singapore 198
TD Direct Investing International (Internaxx) 198
Saxo Capital Markets—A Jewel with Distractions 199
Swissquote Offers Options 200
Is Interactive Brokers the Dark Horse Winner? 201
Chapter 10: The 30 Questions Do-It-Yourself Investors Ask 205
What’s the Difference between an Exchange-Traded Index Fund (ETF) and an Index Fund? 205
Do Non-Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares? 206
What’s a Sector-Specific ETF? 207
Should I Buy an Index that’s Currency Hedged? 208
What’s the Scoop on Withholding Taxes? (For Non-Americans) 209
Will You Have to Pay Currency Conversions? 211
Should I Be Concerned about Currency Risks? 212
Do the Unit Prices of ETFs Show Which are Expensive or Cheap? 213
If I Have a Lump Sum, Should I Invest It All at Once? 213
I’m in Some Expensive Products, but They’re Currently
Down in Value. Should I Sell Now or Wait? 214
How Do I Open a Brokerage Account and Make Purchases? (For Non-Americans) 215
What If I Find a Higher-Performing Bond Index? 219
What If I Find a Cheaper ETF? 220
Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees? 220
How Little Can I Invest Each Month? 221
Stock Markets Are High. Should I Really Start Investing? 222
Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low-Cost Provider? 223
Can Muslims Build a Portfolio of Shariah-Compliant Funds? 223
Could You Build a Portfolio of Socially Responsible Index Funds? 225
Why Doesn’t My Brokerage Offer the Funds I Want? 226
Why Hasn’t My Bond ETF Risen in Value? 226
What If My Bond ETF Is Priced in a Different Currency? 227
Are Cryptocurrencies, like Bitcoin, Good Investments? 228
Should I Buy a Real Estate Investment Trust (REIT) Index? 230
Should I Buy a Smart Beta ETF? 231
Should I Invest in Gold? 232
Don’t Small-Company Stocks Beat Larger-Company Stocks? 233
What If You and Your Spouse Represent Different Nationalities? 235
Could Index Fund Investing Become Too Popular? 236
What If I Need Help Building My Portfolio? 238
Let’s Go! 239
Chapter 11: Portfolio Models for American Expats 243
Do You Currently Invest with Vanguard? 244
Couch Potato Investing with Vanguard 245
Couch Potato Investing with a Vanguard Stick Shift 247
When Investors Binge on Speculation 248
Socially Responsible Investing 255
Interactive Brokers Offers a Great Deal 255
Doing the Couch Potato with Interactive Brokers 257
Socially Responsible Couch Potato Portfolio 260
Don’t Contribute Illegally to Your IRA 260
What Exactly Is an IRA? 260
Roth IRAs Are Different 262
Chapter 12: Portfolio Models for Canadian Expats 265
Canadian Funds Earn an “F” for Costs 266
Brokerage Options for Expatriate Canadians 269
Brokerages for Canadians in Capital Gains–Free Jurisdictions 269
Building a Canadian Couch Potato Portfolio 270
ETF Canadian Price War 275
What About RRSPs and TFSAs? 275
Swap-Based ETFs—The Ultimate Legal Tax Dodge 276
Chapter 13: Portfolio Models for British Expats 281
Expensive Firms Performing Like a Virgin 282
Couch Potato Investing for British Expatriates 283
How Do You Rebalance a Multicurrency Portfolio? 287
Socially Responsible Investing for British Expats 290
Shariah-Compliant Investing for Muslims 291
Are You Really Ready to Do This? 294
Chapter 14: Portfolio Models for Australian Expats 297
Fancy an Australian Couch Potato? 299
Socially Responsible Investing for Australians 302
Now Look Deeply into That Mirror 303
Chapter 15: Portfolio Models for New Zealand Expats 307
Socially Responsible Investing (SRI) 308
Do You Have What It Takes? 312
Chapter 16: Portfolio Models for South African and South American Expats 315
South African Investors 315
South Africans Fry Up the Couch Potato 316
South American Investors 319
Are You Having Troubles Selecting Your Portfolio? 320
Chapter 17: Portfolio Models for Irish and European Expats 323
The European Cheapskate Couch Potato Portfolio 326
Socially Responsible Investing for Europeans 329
Don’t Get Suckered by the Sirens 329
Chapter 18: Portfolio Models for Asian Expats 333
Speculators Suffer 336
Chapter 19: Setting Your Bull’s-Eye 339
What’s a Better Definition of Wealth? 341
What’s This Ailment Expatitis? 341
Cheating Conventional Retirement Rules 342
Married Couple Lives Well on Just $20,000 a Year 343
Could You Retire on Less than $15,000 a Year? 345
The Home-Country Retirement Plan 345
How Much Money Will You Need? 348
British Teacher in Japan Aims to Retire in Style 349
Single Canadian Woman Lights Her Investment Fire 351
Dubai-Based Pilot Plans to See His Savings Soar 353
Now It’s Your Turn 354
Chapter 20: How Much Money Should You Be Saving? 357
How to Never Run Out of Money 358
Could You Cleverly Withdraw More than 4 Percent? 361
Third-Culture Kid Sets Her Savings Goal 363
How Much Money Will Rosanna Need? 365
Where Can International Teachers Save a Lot of Money? 366
Robert and Yik Consider Thailand or New Zealand 367
Should This Couple Stress? 369
Couple Plans for a Two-Country Retirement 370
Now It’s Your Turn 376
Conclusion 379
Index 381
| Erscheinungsdatum | 30.01.2018 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 154 x 229 mm |
| Gewicht | 598 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| ISBN-10 | 1-119-41189-0 / 1119411890 |
| ISBN-13 | 978-1-119-41189-5 / 9781119411895 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
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