Millionaire Expat: How To Build Wealth Living Overseas

This is the second edition of my book, The Global Expatriate’s Guide To Investing (Wiley 2015).  Princeton’s legendary economics professor (Burton Malkiel) says this second edition is, “Wise investment advice delivered with clarity and humor.”

When a publisher asks for a second edition, they usually want a 15 percent content addition or upgrade. 

Like you, I’ve bought revised and second editions before. Some have an additional chapter.  But second editions usually let me down.  Typically, very little gets updated.

That’s why I didn’t want to disappoint anyone with this book’s edition. It represents a 40 percent upgrade.  It isn’t just longer and cheaper (I love paperbacks!) it’s also updated, clearer and stuffed with new data, new stories and new academic support.

The portfolio models are clearer and it has a title that my publisher hopes is easier to remember… one that should make its way into many international airport bookstores.

Millionaire Expat will be available in paperback and Kindle versions.

It’s about 360 pages, describing the smartest investment strategies for expatriate investors.  Just as important, it shows what kinds of investments to avoid.

It provides clear guidance for investors from many different regions:  Europe (including Ireland), Great Britain, Canada, South Africa, South America, Asia, Australia, New Zealand, South Africa and the United States. 

It also answers the questions, “What if you don’t know where you want to retire?” and “Where could you retire if you don’t have a lot of money?”

 

At Amazon.com




 



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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16 Responses

  1. BlackPinoy says:

    There’s no pricing yet for the Kindle format 🙁

  2. Fraussie says:

    Bugger! I bought your 1st edition last week! Bloody good read though 🙂

    Do you know when it will be released in Kindle?

  3. Jen says:

    No kindle version available

  4. Jose says:

    Hi Andrew,

    I bought your first book after another teacher recommended it to me. Living overseas being and International school teacher I have always worried about not contributing to my countries social pension. I was immediately interested in your book.

    I have now bought and read your second book and I am sure I will buy the revised edition when it comes out for the kindle.

    I do however have more questions after this second book. You mention 3 different investing methods and I am now, not sure which one is best for me.

    My wife and I have been working overseas for 5 years and we have recently bought a house in Spain, where we plan to retire. Our efforts are now in paying the house.

    Should we wait to pay the house or should we make an effort to save for the house and also invest?
    From the options you mentioned in the book, I understand that the only option of a brokerage that allows you to do everything online in Saxo…..DBS Vickers requires you to go in person?

    Thanks for all the help and your books!

  5. Jim says:

    Hi Andrew! Glad you published a second edition. Overall how different from the first (awesome) edition is it? Are you still referring the now phased out TD or have you updated that too?

  6. Jen says:

    Hi Andrew
    Loved the second edition..bought the kindle edition and devoured in one sitting.
    I have a question re the draw down in retirement:
    Table20.5—the example of Susan’s portfolio (the one where the stock market drops just as she retires). Her initial portfolio was $500,000 ..she drew 4% and also the stock market dropped…so in 2009( the next year) her portfolio was $428,893—and she draws 4% $20,563! But how is $20,563 4% of $428,893? How is it even 4% of $500,00?
    I,m so sorry I always sound so dense about the draw down….but this really confuses me.

    • Hi Jen,

      I’m glad you like the second edition. Thank you! As you can probably imagine, it involved a crazy amount of work! 🙂
      As for the drawdown, check out table 20.1 for a simple explanation (showing inflation at a constant rate). The 4% is always set based on the initial sum at the beginning of retirement. It isn’t based on the portfolio’s value each year. As such, you would set a base of 4% in year 1. Assume, as in the case in table 20.1, that were $40,000. In year 2, you would withdraw no less than $40,000. If inflation were 3.5% that year, then in year 2 (no matter what the stock market does to your portfolio) you would withdraw 3.5% more than $40,000. In this case, that would be $41,400. Sometimes, depending on the value of your portfolio, you would be withdrawing a lot more than 4% of the portfolio’s total value in a given year. Other times, you would withdraw a lot less. But remember, the 4% withdrawal rate isn’t based on 4% of the portfolio’s value each year. It’s based on 4% of the portfolio’s value in the first year of retirement, and no matter what happens to the portfolio’s value, the dollar amount that you withdraw each year increases with inflation. Table 20.5 shows a realistic example, using actual inflation rates for each specific year, and it actually assumes inflation during the first year’s withdrawal as well.

      I hope this explanation makes things a bit clearer.

      If you have a moment, would you mind offering a quick review of my book on Amazon? I’m expecting some of those offshore pension guys to start jumping on it soon, so it would be nice to get some friendly ratings first. Here’s the link: http://amzn.to/2CyIxqG

      Thanks Jen!

  7. Jen says:

    Thanks..it is a lot clearer…that 4% is always based on the value when one starts…and then inflation is just on that first amount. I,m going to take screen shot of this reply so I can always refer to it when my confusion starts!!

    Yes I,ll do the review now. The review will show on the Amazon.co. U.K. Site though.

    • That’s right Jen! It’s probably easier to show in person than explained through the book. Thanks for the review! That’s probably where the offshore pension sharks will go to post my “review” anyway (Amazon UK).

      So thank you!
      Andrew

  8. Victor says:

    Hi Andrew, great book. Downloaded the book the other day and read in one sitting, it consolidated a lot of information I was aware of, and wrapped it up succinctly. Just for some further benefit and clarification regarding Swissquote (unfortunately their website is not the easiest to navigate but they do have some other worthwhile features to note). Firstly, they offer flat fee trades of 9 CHF/USD/EUR, for a selected range of ETFs listed on the Swiss (Six) stock exchange including products from Vanguard and iShares. The SIX exchange lists many ETFs in a number of currencies (USD, EUR, CHF being the most common). This allows buying popular / recommended ETFs but not having to do it on USA / UK / CAN / AUS etc exchanges. Worth checking out. https://www.swissquote.ch/url/etf. Secondly, whilst no account maintenance fees, they have a safe custody fee (min CHF15 to maximum capped CHF50 per quarter depending on portfolio size). Thirdly, they leave you alone and you are not bombarded with trading incentives. Using Swissquote to buy on other exchanges appears to be more expensive than other brokerages but their flat rate of 9 for ETFs listed on SIX is a bargain.

    • Victor,

      Thank you for this information. Greatly appreciated! I imagine they will move their fees up and down, then up and down, over the next few years. That’s what international brokerages love to do.

      If you have ten seconds, would you mind reviewing my book on Amazon? Even if you can just write a single line, I would really appreciate it. Thanks so much! Here’s the link: https://www.amazon.co.uk/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?ie=UTF8&qid=1516539735&sr=8-1&keywords=millionaire+expat

      • Victor says:

        Hi Andrew, I have written my review on Amazon now. I was at a party tonight (in KL) and was with a bunch of young school teachers and to let you know, hopefully I had saved some of them. I asked them if they knew about Andrew Hallam, showed them the website and the book. One of them, came up to me and said he was about to sign off on a 30 year plan with a big international financial planner whose name is reminiscent of a James Bond film but after discussion, will check out this website and your book, and committed not to sign the paper work. Hopefully another one saved. I said to him “in 30 yrs time when you are retired relaxed on the beach, think of this night, think of Andrew’s words”.

  9. Peony28 says:

    I have bought the book and totally enjoyed it ! you mentioned in the book on potential of Reits may help in enhancing returns while decreasing volatility. I am a Singaporean, could you advise if investing in indiv S- reits is a good idea, or should I purchase a global reit etf instead (any suggestions of which reit etf to purchase)?

    I have been staying sidelines for too long , and now in the midst of executing stock/bond etf . I have a fully paid property too. wondering if it would be a good idea to mortgage it (take up a 3 year fixed rate 1.75% ), and with the extra cash to invest in a 50/50 stock bond alloc , to work the compounding magic . is this too risky / or not a sound idea ?

  10. Cody says:

    Hello Andrew,

    My name is Cody. I just found out about Your blog and I love it.

    I’ve already read milionaire teacher and I’m currently reading the milionaire expat.

    I just had one question,

    I am Canadian. I will be moving to Australia for a job opportunity. I will live there for maybe 10-15 years. I am looking to start investing. I am not sure how to do so. Will I be opening a brokerage account in Australia or Canada? How will the taxes work once I invest and once I retire?

    I am not sure where I will retire. I am hesitating between Canada or Spain.

    I hope you can reply, I am such a huge fan of your work. I am trying to get my girlfriend to read your books!

    Regards,

    • Victor says:

      Dear Cody, if you will be living in Australia for a long time, it is likely that you will have access to Australia’s self funded pension system known as Superannuation (“Super”). Employers must make a defined contribution to the Super of your choice, you can also salary sacrifice as well up to a certain limit. Contributions into Super are taxed at a very low rate, and when in the pension phase the income is tax free. There are a lot of Super platforms out there, some allow access to the ASX where you can buy ETFs both Australian and International in a low cost manner (e.g. AustralianSuper). If you leave Australia there is the potential to roll your money out. So having Super in Australia would be a good start (it is actually compulsory if you are employed), this can be supplemented by additional investments outside of Super.

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