American Expatriate Investors: Recommended Products And Firms

 

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If you’re an American expatriate, it’s essential that you avoid investing in actively managed mutual funds.

In this article, I explain why buying index funds is better.

I’ve also listed investment firms that can build you portfolios of indexed products.

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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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3 Responses

  1. Matt says:

    Americans abroad can also set up a Vanguard account over the internet–I joined Vanguard after becoming an expat.

    When you set up the account, you must use a US home address. Once you finish setting your account up online, you can start making electronic transfers to Vanguard from any US bank account. You just have to make sure your foreign earned money is first placed in your US account. You cannot transfer to Vanguard from an overseas account.

    If you go this way, you can have an indexed portfolio with an average total expense ratio of 0.10% or less!

    • Anka says:

      Hi Matt,

      I’ve just established a Vanguard account for my daughter and I was able to transfer money in from an overseas account. I do love Vanguard.

      • Matt says:

        Anka,

        That is great. My tax attorney told me that Vanguard (or other US investment firms) would not knowingly invest foreign-earned income for Americans, as part of The Patriot Act and that the easy way around this was to transfer to Vanguard from a US account. Just curious, are you registered with Vanguard as a US citizen?


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