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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6 Responses

  1. Think Dividends says:

    Looks good… The only thing that doesn't make sense is the small allocation to XBB… Surprised that the CIBC fund is such an outperformer relative to its peers…

  2. Hey Think Dividends,

    Harry actually owned both XSB and XBB in equal amounts, I believe. But he sold most of his XBB to buy more XSB. I know that the XBB had a capital gain, and that he wanted more exposure to XSB because it's a short term bond, versus XBB, which is has a higher mid term allocation.

    As for that CIBC fund, I think it has outperformed the others because it doesn't have an international component at all.

  3. Looks good indeed, fun post Andrew.

    Do you think Harry will simplify his account at some point, only have XSB? Makes sense as a retiree over XBB I think.

    I like the idea of having some money myself someday to help me pay for vacations, and maintenance on my small, private plane. 🙂

    And you're right, costs matter or said another way, like diamonds fees are forever.

    Keep up the great work Harry!

  4. Hey Financial Cents:

    Harry probably will simplify his account. Maybe he's just lazy!

    As for the little airplane, you can probably guess where most of his withdrawn $50,000 went.

    I used to do odd jobs for a guy who owned a yacht. We'd wax it every year. I asked him how much it cost to moor it, and he said, "If you have to ask, you can't afford it." I didn't think it was funny at the time.

  5. Anthony says:

    Hey Andrew, thanks for all the "pointing in the right direction" advice. 🙂

    Everything is now set up with the Bank (I hope) and I am ready to start investing 4mins a month in my future 🙂

  6. Barry Spencer says:

    Hows Harry’s account traveling?

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