Millionaire Expat Book

My latest book, Millionaire Expat, (previously known as Global Expat) is now available in paperback on Amazon!

The Kindle will follow soon.

Find out More at Amazon

 


 

MILLIONAIRE EXPAT
How to Build Wealth Living Overseas

 

Table of Contents
Cover
Title Page
Foreword
Acknowledgments
Introduction

 

Chapter 1: Grow Big Profits without Any Effort
Why Average Returns Aren’t Normal
Stocks Pound Inflation
What Has the Stock Market Done for You Lately?
Undressing Stocks with 50 Shades of Gray
The Stock Market Stars as the Great Humiliator
Fast Growing Economies Can Produce Weak Returns
Bonds Are Protective Nets for Jumpers
Can You Lose Money with Bonds?

 

Chapter 2: Don’t Start a Fight with an Escalator
Yes, the Financial District Loves You!
Global Investors Getting Fleeced

 

Chapter 3: Where Are the Customers’ Yachts?
Global Investors Bleed by the Same Sword
American Expatriates Run Naked
Why Brokers Want to Muzzle Warren Buffett
Financial Advisors Touting “The World Is Flat!”
Hedge Fund Money Spanked for Its Con
Why Most Investors Underperform Their Funds
Why Do Financial Advisors Lie?

 

Chapter 4: Don’t Let a Fool or a Psychopath Wreck Your Future
The deVere Group Faces Trouble
Expats Pay the World’s Highest Investment Fees
A Canadian Investor Gets Bled
Investment Schemes That Cripple Like a Virus
British Expats: Can I Trade You That Diamond for a Big Lump of Coal?
Featuring the Rip Offers
The 10 Habits of Successful Financial Advisors… Really?
When Your Advisor Is a Sales Commando
Welcoming Sharks into the Seal Pool
Misled Investors Pay the Price
Would You Like a Band Aid for That Bleeding Gash?
Masters of the Insured Death Benefit Illusion
Free Fund Switching Isn’t a Perk
Making Millions off the General Public
Fooling the Masses with Numbers
Regulators Making an Effort
Record Complaints in the UAE Are Gaining Some Attention
Can Squeaky Wheels Gain Redemption?
Should You Ditch Your Offshore Pension?
When High Fees Meet Gunslingers
A Son’s Inheritance Gets Plundered
Canadian Teacher Gets Scalped
Investor in Thailand Makes the Great Escape
Poor Performance Packs a Three Way Punch
Responsible Savers Often Pay a Big Price

 

Chapter 5: Self Appointed Gurus and Neanderthal Brains
Why Most Investors Should Hope for Falling Markets
Are You Cheering for the Right Team?
If You’re Just Starting Out, Pray for Stocks to Sputter
Should You Worry When Stocks Hit All Time Highs?
The Only Thing That Matters
It’s Not Timing the Market That Matters; It’s Time in the Market
High Unemployment and High Stock Returns
What Can You Miss by Guessing Wrong?
When Investors and Advisors Sabotage Their Rides
Popular Stocks Underperform
How About the Next Big Thing?
When Genius Fails
Are Index Fund Investors Smarter?

 

Chapter 6: An Employer’s Greatest Challenge
Keep the Foxes Out of the Henhouse
Is Your Devil Big or Small?
Don’t Give a Climber a Flaming Rope
Would You Hire a Guy without a License to Drive Your Retirement?
Fees – How Much Is Too Much?
So What’s the Solution for Global Employers?
When Employers Offer Carrots
Non American Teachers: If You Slash Your Bicycle Tire We’ll Reward You With A Push
How School Administrators Could Really Boost Savings

 

Chapter 7: Couch Potato Investing
Don’t Bonds Tie You Down?
Is It More of a Fling than a Real Relationship?
Are You Worried That Bond Interest Rates Are Low?
Potatoes Growing Globally
Bonds Relative to Age and Risk
What If You’re Falling Behind?
Profiting from Panic—Stock Market Crash 2008–2009
Owning the World
Where Do You Plan to Retire?
Are You Retiring in an Emerging?Market Country?
Does This Sound Too Good to Be True?

 

Chapter 8: Investment Advisors with a Conscience
Do You Have a Ninja’s Discipline?
Qualities of a Great Financial Advisor
Investment Professionals Worth Considering
British Investors: You Ready for a Hybrid?
Crush Your “Sophisticated” Investment Friends
Why Many Global Expats Are Naming Their Newborns Mark
Conclusion

 

Chapter 9: Choosing Your Offshore Brokerage—For Non?
Americans DBS Vickers Securities Opens the Door to Everyone
Why You Should Avoid TD Ameritrade Singapore
TD Direct Investing International (Internaxx)
Saxo Capital Markets—A Jewel with Distractions
Swissquote Offers Options
Is Interactive Brokers the Dark Horse Winner?

 

Chapter 10: The 30 Questions Do It Yourself Investors Ask
What’s the Difference between an Exchange Traded Index Fund (ETF) and an Index Fund?
Do Non?Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares?
What’s a Sector Specific ETF?
Should I Buy an Index that’s Currency Hedged?
What’s the Scoop on Withholding Taxes? (For Non?Americans)
Will You Have to Pay Currency Conversions?
Should I Be Concerned about Currency Risks?
Do the Unit Prices of ETFs Show Which are Expensive or Cheap?
If I Have a Lump Sum, Should I Invest It All at Once?
I’m in Some Expensive Products, but They’re Currently Down in Value. Should I Sell Now or Wait?
How Do I Open a Brokerage Account and Make Purchases? (For Non?Americans)
What If I Find a Higher?Performing Bond Index?
What If I Find a Cheaper ETF?
Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees?
How Little Can I Invest Each Month?
Stock Markets Are High. Should I Really Start Investing?
Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low?Cost Provider?
Can Muslims Build a Portfolio of Shariah?Compliant Funds?
Could You Build a Portfolio of Socially Responsible Index Funds?
Why Doesn’t My Brokerage Offer the Funds I Want?
Why Hasn’t My Bond ETF Risen in Value?
What If My Bond ETF Is Priced in a Different Currency?
Are Cryptocurrencies, like Bitcoin, Good Investments?
Should I Buy a Real Estate Investment Trust (REIT) Index?
Should I Buy a Smart Beta ETF?
Should I Invest in Gold?
Don’t Small Company Stocks Beat Larger Company Stocks?
What If You and Your Spouse Represent Different Nationalities?
Could Index Fund Investing Become Too Popular?
What If I Need Help Building My Portfolio?
Let’s Go!

 

Chapter 11: Portfolio Models for American Expats
Do You Currently Invest with Vanguard?
Couch Potato Investing with Vanguard
Couch Potato Investing with a Vanguard Stick Shift
When Investors Binge on Speculation
Socially Responsible Investing
Interactive Brokers Offers a Great Deal
Doing the Couch Potato with Interactive Brokers
Socially Responsible Couch Potato Portfolio
Don’t Contribute Illegally to Your IRA
What Exactly Is an IRA?
Roth IRAs Are Different

 

Chapter 12: Portfolio Models for Canadian Expats
Canadian Funds Earn an “F” for Costs
Brokerage Options for Expatriate Canadians
Brokerages for Canadians in Capital Gains–Free Jurisdictions
Building a Canadian Couch Potato Portfolio
ETF Canadian Price War
What About RRSPs and TFSAs?
Swap Based ETFs—The Ultimate Legal Tax Dodge

 

Chapter 13: Portfolio Models for British Expats
Expensive Firms Performing Like a Virgin
Couch Potato Investing for British Expatriates
How Do You Rebalance a Multicurrency Portfolio?
Socially Responsible Investing for British Expats
Shariah Compliant Investing for Muslims
Are You Really Ready to Do This?

 

Chapter 14: Portfolio Models for Australian Expats
Fancy an Australian Couch Potato?
Socially Responsible Investing for Australians
Now Look Deeply into That Mirror

 

Chapter 15: Portfolio Models for New Zealand Expats
Socially Responsible Investing (SRI)
Do You Have What It Takes?

 

Chapter 16: Portfolio Models for South African and South American Expats South African Investors
South Africans Fry Up the Couch Potato
South American Investors
Are You Having Troubles Selecting Your Portfolio?

 

Chapter 17: Portfolio Models for Irish and European Expats
The European Cheapskate Couch Potato Portfolio
Socially Responsible Investing for Europeans
Don’t Get Suckered by the Sirens

 

Chapter 18: Portfolio Models for Asian Expats Speculators Suffer

 

Chapter 19: Setting Your Bull’s Eye
What’s a Better Definition of Wealth?
What’s This Ailment Expatitis?
Cheating Conventional Retirement Rules
Married Couple Lives Well on Just $20,000 a Year
Could You Retire on Less than $15,000 a Year?
The Home Country Retirement Plan
How Much Money Will You Need?
British Teacher in Japan Aims to Retire in Style
Single Canadian Woman Lights Her Investment Fire
Dubai?Based Pilot Plans to See His Savings Soar
Now It’s Your Turn

 

Chapter 20: How Much Money Should You Be Saving?
How to Never Run Out of Money
Could You Cleverly Withdraw More than 4 Percent?
Third Culture Kid Sets Her Savings Goal
How Much Money Will Rosanna Need?
Where Can International Teachers Save a Lot of Money?
Robert and Yik Consider Thailand or New Zealand
Should This Couple Stress?
Couple Plans for a Two?Country Retirement
Now It’s Your Turn
Conclusion
Index
End User License Agreement
 

internaxx special deal for andrew hallam readers

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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8 Responses

  1. Joseph says:

    Hi, just quick check – If I am 33, should I have 30% of my investments in bonds or should I have less that that in bonds?

    Also, in the book for a european investor planning to retire in Europe you have an example portfolio. I think the Gov bond you suggest is a 1-3 bond (believe it is CBE7) but I can’t find that bond.
    The bond is actually a 3-7 year bond – Can you suggest an alternative or what would you suggest?

    Thanks

  2. Kelli says:

    Extremely helpful book! Thank you for considering those of us who don’t have a clue about investing. I wish I read it 10 years ago, but it has given me the kick I needed to look at my family’s finances seriously. Thank you!

    I have a question – your recommended bond fund for Global Nomads (iShares Global Inflation-Linked Gov’t Bond ETF) has a weighted average maturity of 13.49 but I remember reading that you recommend short-term bonds (<5 years) for less volatility. Is there another Global Nomad bond fund option available to a British expat living in HK with shorter-term bonds and a low expense ratio? Thx again!

    • Hi Kelli,

      Nice work looking up the bond durations on that ETF. This ETF, however, is different. It’s inflation-linked. That means it’s comprised of investment grade bonds that are designed to outpace inflation over time. The United States introduced these a number of years ago. Performance-wise, they don’t beat inflation every year, so they aren’t perfect (what investment is?) But they tend to perform somewhere between a broad based bond market index and a short-term bond market index. That’s why the average maturity duration shouldn’t concern you. Inflation-linked bonds are slightly different animals.

      On a different note, if you have a few seconds to put a short Amazon review for my book online, that would be fantastic. Here’s the link: http://amzn.to/2CyIxqG
      Thanks Kelli!

  3. Ned says:

    Hi Andrew,

    Thank you so much for the second edition of this great book!
    The book explains in a great and easy way most of what I need to continue investing that I started last year.

    My starting portfolio consists mostly of

    VWRD (listed in usd)
    VEUD (listed in usd)

    I’m getting paid in USD but planning to move to Euro-zone in future.

    As suggested in the new edition of Millionaire Expat I plan to invest more in bonds. Should I consider IGIL,VETY or CBE7?

    In that line,

    I have read the chapter on European Expats investing a couple of times, but please to help on this one:
    Is it a good strategy to keep buying stocks/bonds listed in usd now (VWRD;VEUD;IGIL), and start buying in euros/gbp (VGWL;VEUR;VETY) when back to Europe?

    Thanks.

    • Hi Ned,

      Thank you! I’m glad you like the book. If you’ll be earning euros in the future, then you wouldn’t pay any currency spreads to buy bond indexes priced in euros, so you could certainly do that when your salary is in euros. And Ned, would you do me the honour of a quick book review on Amazon? I would really appreciate that. Here’s the link: http://amzn.to/2CyIxqG
      Thanks!
      Andrew

  4. Siobhan says:

    Hi Andrew,
    Thanks for the updated book. I have two questions, and would appreciate your thoughts please.

    Aside from the US estate tax risk, is there another reason why you seem to prefer Internaxx over Interactive Brokers for non US expats?

    Secondly, as an Irish expat, I was delighted to see the chapter heading on model portfolios separates out the Irish situation this time around. A thorn in my side since I started investing is the fact that many non US ETFs are Irish domiciled (incl the model portfolio recommendations). I am concerned about the hefty Irish tax complications if I move home holding, or having recently sold, Irish ETFs. I keep flip-flopping between ‘buy anyway and worry about it later’ and ‘just avoid them and suck up the US withholding!’ (which is what I currently do). I was just wondering if that is something you considered/came across when you were looking at the Irish position for this book?
    Many thanks!


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