The New Millionaire Expat, Available Now!

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

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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