To find out if you’re saving enough money, use my free, 13 minute seminar below:
If you’re an international school teacher, you’re metaphorically swimming in a warm sea, surrounded by beautiful bodies.
Cultural eye candy meets your every glance.
In the world of investment products, low fees are good for investors. High fees are good for commission hungry salespeople.View full post
The comments on my blog are filled with crushing stories of product misrepresentation, and many hard-working expatriates have been pulled into the webs of deception. Tony Noto, an independent financial advisor, wrote a fabulous article which contributes to the transparency investors deserve.View full post
My new online friends have a dilemma: Their investments have a market value of $150,000 U.S., but if they withdraw their money now, they’ll pay a penalty of $45,000!View full post
If you invest with Zurich International or Friends Provident, the odds are good that you own a Variable Annuity product.Try to find a financial academic, however, suggesting that they’re a good deal, and you might as well be panning for gold in your bathtub.View full post
More stories about exploited expatriate investors are starting to hit the news. Here’s another shocker!View full post
Apr 25 2013
Permanent link to this article: http://andrewhallam.com/2013/04/international-teachers-are-you-investing-enough-money/
Nov 05 2012
I want to profile (and encourage business for) financial advisors acting as true fiduciaries to their clients.
It’s extremely profitable for advisors to sell variable annuity products or actively managed mutual funds with sales commissions or deferred sales loads.
But the good men and women who act as true financial fiduciaries don’t sell those products. And they deserve to be recognized.
If you fit the bill, I want to hear from you.
Permanent link to this article: http://andrewhallam.com/2012/11/calling-fee-based-financial-advisors/
Oct 24 2011
Permanent link to this article: http://andrewhallam.com/2011/10/order-millionaire-teacher-book/
Dec 08 2013
Perception is everything.
In my view, a great financial advisor is someone who cares deeply for clients.
He or she provides an ongoing fiduciary standard of care; keeps investment costs down; avoids the entrapment of investment linked assurance schemes, such as those provided by Friends Provident, Zurich International and Generali. (You can read more on this here.)
But some measure greatness differently. Clients are more like bowling pins to be knocked down at the local alley.
Here’s a video showcasing the Ten Great Habits of Financial Advisors. Inspired by the expatriate market, it describes qualities of the best advisors—those with the ability to earn millions of dollars a year in commissions.
Permanent link to this article: http://andrewhallam.com/2013/12/what-makes-a-great-expatriate-financial-advisor/
Permanent link to this article: http://andrewhallam.com/2013/11/no-money-no-honey/
Nov 22 2013
U.S. and International stock markets are rising like muffins juiced on Lance Armstrong’s breakfast.
As a result, my bond allocation has slipped to just 37% of my portfolio’s total. I’ve been buying nothing but bonds during the past few months with my personal savings, but to no avail.
Purchases from my salary aren’t realigning my portfolio back to my goal allocation. As you can see below, U.S. stocks have gained more than 30% during the past 12 months; international stocks aren’t far behind. My bond index, as noted by the red line, has dropped in price.
Permanent link to this article: http://andrewhallam.com/2013/11/millionaire-teacher-sells-80000-of-stock-indexes/
Nov 21 2013
If you’re an American parent wanting to give your kids a HUGE advantage in life, watch this screencast below.
One of my students, 17 year old Matthew Landau, shows how he started a diversified indexed portfolio. Once such an account is open, encourage the child to add his or her own money. That’s important.
Permanent link to this article: http://andrewhallam.com/2013/11/how-to-open-a-vanguard-investment-account-for-a-minor/
Nov 16 2013
Willpower is a greater indicator of financial success than IQ or social status.
And becoming “tougher” in one area can have benefits in others:
Permanent link to this article: http://andrewhallam.com/2013/11/willpower-trumps-iq-or-social-status-in-the-quest-for-wealth/
Nov 13 2013
I’m 30,000 words into my next book, The Expatriate’s Guide To Investing.
At roughly 75,000 words, it’s going to be the same size as Malcolm Gladwell’s Outliers.
It deals a lot with planning how much money expatriates will need, and gives very specific, step by step instructions (with big fat pictures and arrows) explaining how Americans, Australians, Brits, New Zealanders, Europeans, Canadians, South Americans and Chinese expats can open global accounts and manage them.
It also shows how to invest utilizing three separate indexing platforms: couch potato investing, fundamental indexing, and Harry Browne’s Permanent Portfolio strategy–with custom twists to serve different nationalities.
It profiles dozens of real expatriates as they explain their successes, goals and failures in the world of stock and real estate investing. There are roughly 250 million expats worldwide.
Permanent link to this article: http://andrewhallam.com/2013/11/the-expatriates-guide-to-investing/
Oct 19 2013
If you’re considering investing in Google, you would have higher statistical odds of beating this snazzy stock with a randomly selected company off the New York Stock Exchange.
I explain my rationale for Canadian Business magazine:
Permanent link to this article: http://andrewhallam.com/2013/10/why-you-probably-shouldnt-invest-in-google/
Oct 16 2013
Many of my graduating high school students eventually land careers in finance.
That’s where the money is. I live in Singapore, one of the world’s largest banking districts, so their aspirations make sense. A rich private school, one block from Wall Street, would see much the same thing.
A couple of years ago, one of my former students came back to visit.
He told me he was going to be a hedge fund manager. “Are you sure?” I asked. “Do you really want to charge people 2 percent per year plus 20 percent of the fund’s profits?”
I expected his face to fall. But it didn’t.
“If people are dumb enough to pay, that’s their problem,” he smiled.
Read the rest of the AssetBuilder article here: How I Failed A Hedge Fund Manager
Permanent link to this article: http://andrewhallam.com/2013/10/how-i-failed-a-hedge-fund-manager/