Four Mutual Fund Managers Who Have Consistently Beaten The Market

Here’s a story about 4 mutual fund managers who have consistently beaten the market.

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I hope you enjoy it!

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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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5 Responses

  1. Jeremy says:

    Hey Andrew, I’ve got a non-investing question for you… I’ve picked up a few good reads from you on some references you make in your articles. With all the reading you do, do you have a top 10 or top 5 favorite books that aren’t related to investing?

  2. Oliver - British Global Nomad - in Singapore says:

    Hi Andrew, great article!
    At first I was shocked to read the title as I thought that it was impossible over the long term – great hook!
    I’m a Brit living in Singapore but with no plans to retire in the UK (Singapore is most likely I guess but at only 33 who knows!). i got stung by the smooth words of an adviser when I was in Shanghai and stuck with a Friends Providence rip off that I’m trying to extractor my money from as per your advice!
    As I’m in Singapore I’ve been looking at brokerages and think Standard Chartered could be a good fit (am thinking of moving my banking there anyway as my HSBC Premier account has been a lot of trouble!) although I’d consider TD-international if they really are a lot better?
    As I don’t plan to retire for at least 20 years I was thinking of a single all world ETF like VWRL. The only reason I’d be going for the GPB version over the USD is that I have a bunch of GBP coming out of the FP investment and I thought it’d be easier/cheaper than making a currency conversion (our income is all in SGD so future investments will have to be converted anyway). Is this a bad idea? Should I really keep 30% in bonds? I don’t need the income and won’t for about 25 years anyway and I never look at how the stock market is doing and wouldn’t be emotionally bothered if the portfolio dropped off a cliff any time in the next 15 years (cheaper ETF to buy!)
    So, I’d appreciate your thoughts on the brokerage (you don’t seem to discuss StandChar very much), currency (I guess is pretty moot) and 100% VWRL allocation for the next 10+ years. Any thoughts?

    • Hi Oliver,

      Standard Chartered is fine. And yes, buying that GDP denominated global index makes sense. If you go 100% stocks, just be prepared for the extra volatility. Odds are, over the next 25 years, you’ll make more money (but will take higher risk) with a 100% equity portfolio.

      Glad you liked that article!


      • Oliver - British Global Nomad - in Singapore says:

        Hi Andrew – thanks for such a fast reply!
        a quick follow up question or two if I may?
        My thought process is that my wife, daughter and I will apply for PR in Singapore soon so the CPF and SRS contributions may effectively cover the bond component later down the line anyway (I’ve read your advice directed at Singaporean investors) although of course I’d be possibly adding bonds later in life if the Singapore government linked investments are outstripped by the stock index etf.
        – Are there any rules of thumb for allocation you recommend that are linked to years left to goal retirement or are they mainly based on current age?
        – when saving for shorter term goals such as children’s education (say, a 5 year time frame) would it make sense to buy bond ETFs only as one can’t afford to wait out a rough market?
        – I understand that you keep your bond percentage close to your age – how often do you increase this? every 5 years? (e.g. at 35 you increased from 30-35% bonds, at 40 you increased from 35%-40% etc…)

        • Oliver - British Global Nomad - in Singapore says:

          actually – I have thoughts on answers to 2 of my questions:
          – re balancing 1% per year when you are making monthly/quarterly deposits is quite easy so I suppose you could change your allocation each year if you were using your age as a % of bond holdings rule of thumb.
          – I’ve read about Tim Hale’s suggestion, in the UK-focused investment book Smarter Investing:
          Own 4% in equities for each year you will be investing. The rest of your portfolio will be in bonds.
          If your investment horizon is 10 years then you’ll hold 40% equities. When you’re T minus nine years then you’ll rebalance to 36% equities and so on.
          Larry Swedroe has an interesting version as well.

          At the end of the day these are all just rules of thumb and, as we:
          a) don’t presume to know what will happen with markets and
          b) all have different levels of risk tolerance
          it will all depend…
          I feel liberated by your books and this site pointing out that just getting away from traps like FP and going to low cost index investing is 80-90% of the battle!

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