I’ll admit that I wasn’t a hard-working student, when I was a kid. Life was meant to be lived, I figured, rather than spent hunched over a desk, amidst books, and listening to the drone of a dull teacher. That lazy 11th grade Andrew Hallam would have been tempted to sign a pact with the …
Monthly Archive: April 2011
Permanent link to this article: http://andrewhallam.com/2011/04/teacher-to-student-its-better-to-be-lazy/
Apr
27
2011
“We’ve just been scammed by Friends Provident, so what now?”
I received an email from a 35 year old American couple who became aware that their financial service company, Friends Provident, was sucking from them like a 50 pound leech. The company labels itself as an “investment” insurance company, promising 101% of what an investor deposits, upon their death. Of course, that sounds good. …
Permanent link to this article: http://andrewhallam.com/2011/04/weve-just-been-scammed-by-friends-provident-so-what-now/
Apr
22
2011
Post-Cancer Perspectives and Triumphs
If you saw me in my bathing suit, you’d probably notice that my body bends like one of those rain forest trees straining at an angle to grab the sun’s rays. But I don’t care. It wouldn’t be healthy if I was jealously gazing at all the straight-looking bodies (yeah, people like you). Longing for …
Permanent link to this article: http://andrewhallam.com/2011/04/post-cancer-perspectives-and-triumphs/
Thursday April 21, 2011 — 5:01 AM
In my last post, I argued that it doesn’t make sense for expatriate Americans to invest in actively managed funds.
For starters, the odds of finding funds that beat the stock market indexes are slim. And even if you get lucky, and end up beating a stock market index—pre-tax — it isn’t likely that you’ll beat the indexes, after taxes.
Expatriate Americans who want to invest more than $5000 a year, must direct their savings (above $5000) into non IRA, fully taxable accounts. There’s no way around that.
Where A Salesperson may lead you astray
Many of the financial advisors who service their American clients in the South East Asian region (for example) are stuffing their client’s accounts with actively managed mutual funds. Why? I could be entirely cynical and suggest that they’re acquiescing to their conflicts of interest.
But I don’t think that’s entirely true—not for all of them.
Apr
18
2011
American Expatriates—What Your Financial Advisor Probably Doesn’t Know
If you’re an American expatriate, and you’ve been living overseas for some time, it’s likely that the vast majority of your investments will be in taxable accounts. As a non resident, your ability to invest in a IRA (tax deferred account) is limited to just $5000 a year if you’re under age 50, and $6000 …
Permanent link to this article: http://andrewhallam.com/2011/04/american-expatriates%e2%80%94what-your-financial-advisor-probably-doesn%e2%80%99t-know/
Apr
15
2011
Burton Malkiel on the book – Millionaire Teacher, The Nine Rules Of Wealth You Should Have Learned in School
“Andrew Hallam has distilled the timeless lessons for investing into nine easy to understand and easy to follow rules. The newbie investor will not find a better guide than Millionaire Teacher.” Burton Malkiel
Permanent link to this article: http://andrewhallam.com/2011/04/burton-malkiel-on-millionaire-teacher-book/
Apr
06
2011
What Are Your Investments Really Worth?
I don’t think that most people know what their investments are really worth. If your portfolio was created for the purpose of providing future retirement income, for instance (as it is with most international school teachers) then its value has to reflect that. Let me explain. Studies show that if Joe Algebra owns a portfolio …
Permanent link to this article: http://andrewhallam.com/2011/04/what-are-your-investments-really-worth/
Apr
05
2011
05-04-11 – Harry Speaks Up For Indexes
Harry believes that if you get sold on actively managed funds from the big Canadian banks, then you’re making a huge mistake. The funds from CIBC, Royal Bank, The Bank of Montreal, Toronto Dominion Bank and ScotiaBank are rip-offs, according to Harry. Why does he feel that way? Harry understands that they charge nearly 2.5% …
Permanent link to this article: http://andrewhallam.com/2011/04/05-04-11-harry%e2%80%99s-speaks-up-for-indexes/
Welcome to My Blog!
I'm Andrew Hallam. Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School
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May 17, 2012 (9:00) Why International Teaching Isn’t A Lucrative Gig Thanks Darryl, I do know a teaching couple at on ...
May 17, 2012 (7:26) MOAR Than Dogs of the Dow Hi Barry, Mike refers to the cheapest investable ...
May 17, 2012 (7:22) MOAR Than Dogs of the Dow Hi Larry, I just know that Mike created a model ...
May 17, 2012 (6:21) MOAR Than Dogs of the Dow I was surprised that Greece was not in there? 40 ...
May 17, 2012 (3:12) MOAR Than Dogs of the Dow Hi Andrew, You mentioned that Michael's strategy ...
May 16, 2012 (6:44) Millionaire Teacher Guiding British Investors Yeah, for a better deal Nicholas, you may need to v ...
May 16, 2012 (6:32) "We’ve just been scammed by Friends Provident, so what now?" Hi Lisa, The historical returns of VT are irrele ...
May 16, 2012 (1:54) "We’ve just been scammed by Friends Provident, so what now?" Dear Andrew, Thank you for all your helpful advi ...
May 16, 2012 (9:40) Millionaire Teacher Spends $120,000 on Canadian Government Bonds Hi Jeff, I would continue to rebalance upon reti ...
May 16, 2012 (8:17) Millionaire Teacher Spends $120,000 on Canadian Government Bonds Thanks for the quick reply, I understand. Let's ...