Financial Advisors in Qatar (and the rest of the Middle East) Are Ripping Off Investors

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Most stock market investors have been celebrating lately.

The past 20 years have been kind.

That might sound crazy if you live in Qatar.

If you have bought investments sold by local expat brokers, you probably think I’m nuts.

That’s because Qatar – and the rest of the GCC – is filled with unscrupulous financial advisors.

Read the rest of the story here





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 (Wiley 2011) 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.

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1 Response

  1. Douglas Wilson says:

    Hi Andrew,

    Around the same time each year, I and others like me receive cold calls from all the usual suspects: Guardian Wealth Management; GlobalEye, the dreaded DeVere group, the list goes on! The sudden increase in most people’s pay packets leaves them at the mercy of these sharks. I believe employers out here have a moral responsibility to educate, or at least forewarn employees who chose to live and work in the GCC about proper financial management.

    I am thankful that I read Millionaire Teacher when I did, and I am currently enjoying reading Global Expatriate’s Guide: both books are packed full of useful information.

    As someone who has received both very good and very bad financial advice in my nearly four years here in Qatar, I fully agree with all that you say!

    Very much looking forward to your talk next month.

    Douglas

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