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. Mike says:

    Talk about a funny analogy – but boy does it make the point! I think it will be interesting to see the results of active versus passive fund management (say 5 – 10 years ) from now after living through such a turbulent market. Still laughing at the analogy! Great post by the way…take care, Mike

  2. Great post and thanks for the reference Andrew – very nice of you!

    I think % of bonds (to match your age) is really important for asset allocation and hedging against market turbulence. I've got a future post in the works about "Do you have AADA?" (Asset Allocation and Asset Diversification). Personally, I've got about 30% in bonds, but as I move closer to age 40, I'll move closer to 40% bonds and fixed-income ETFs in my RRSP and TFSA. As you might be aware, I too, am a big fan of iShares and this month I'm looking to buy more XIU since markets have dropped within the last month. If we're able to save some more cash this summer, we're gonna buy some bank stocks while the TSX is below 12,000.

  3. Andrew Hallam says:

    Hey Financial Cents:

    That's a great idea–to buy when the markets are low. Plus, if the markets really take a plunge, you're going to have a nice war chest with those bonds.

    XDV.TO is an index you might like. It has a higher concentration in the big 5 banks than the regular XIU.TO index.

    Cheers,

    Andrew

  4. Andrew Hallam says:

    @Mike

    Thanks Mike,

    Yeah, it will be interesting to see how passive investing stacks up to active investing. But my thoughts are aligned with the philosophy that most people are like sheep when they invest–including active managers. I was amazed when Harry created that account, and just because he was a bit contrarian (he rebalanced when others didn't seem to have the courage) he pulled quite a ways ahead of the actively managed, Canadian balanced mutual funds. I guess if Harry was a portfolio manager working for one of those banks, he'd be a bit of a hero for pulling so far ahead of his peer group.

    What do you think?

    Cheers Mike,

    Andrew

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