Financial Evangelist

Once learning about the long odds of success with actively managed mutual funds versus passive index funds, most investors will be keen to jump ship. 

And if they follow the ideal of doing what’s right and spread the word, their friends will also climb aboard their own metaphorical Vanguard to sail away from the most profitable industry on Earth: active money management.

But the “profitable industry” isn’t profitable for the average mutual fund investor.  No, the money isn’t made from investing in money management products—it’s made from selling the advice and fee-laden funds. 

The man dubbed “Saint Jack” is the financial service industry’s pariah.  But he’s looking out for you, and he’s looking out for me.

Find out more about this great man and his fight against the self-serving financial service industry here:  …read more





Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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4 Responses

  1. Just read through it… nice article! I've been interested in Vanguard, but it looks like the only way for Canadians is through ETFs, which doesn't suit an automatic payment plan very well…

  2. Andrew Hallam says:

    Hey Kevin,

    Considering that Vanguard is already in the U.K. and Australia, I'm hoping that it will be in Canada soon.

    I'm going to see if I can meet John Bogle this summer and ask him.

    I did decide to meet Warren Buffett, and I was able to do that…so why not Bogle? My wife's mother lives in his state, so we'll be in the area. I'll put a photo of the two of us (Bogle and I) on my blog!

    Andrew

  3. Hey Andrew,

    So, I guess you really did sleep on his sofa? 😉 That is pretty cool! I hope that Mr. Bogle sees the potential of the Canadian market and is encouraged to come here; we need this kind of competition in our mutual fund market.

  4. Hey Kevin,

    I actually wrote a postcard asking to sleep in Buffett's garage or stay on his living room floor. He sent my plea to The Wall Street Journal and they contacted me to see if they could write a story about it. I said, "No garage at Buffett's = no story"

    We had a cool 3-way communication going via email between the gal at the Journal, me, and Buffett. In the end, I didn't stay at his place, but I did get a chance to meet him, and CNBC interviewed me over the deal. It was a lot of fun.

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