Would This Portfolio Make A Crooked Gambler Smile?

In Ancient Egypt, plenty of high-status people were entombed with tools, treasures and sometimes servants.

These were meant to help them in the afterlife. But archaeologists also found weighted dice. A pharaoh, after all, might not cheat death. But he might be keen to swindle others in an afterlife game of craps.

When rolling traditional dice, there’s an equal chance that any number between 1 and 6 could come out on top. But for years, crooked gamblers have tried to put the odds in their favor. Like the ancient Egyptians, they’ve used dice made for cheating. They’re known as weighted, crooked or gaffed dice.

Nobody likes a cheat. But when investing, it’s well within the rules to put the odds in your favor. You’ll just need the courage to step beyond the crowd. That means investing where most are currently scared to tread: in value stocks and international shares.

Image  by Pixabay

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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. Index says:

    Hi Andrew,
    I enjoyed your article “Would This Portfolio Make A Crooked Gambler Smile?”.
    However I’m not sure I understand exactly what a value stock is.
    Would the Vanguard fund with ticker VHYD be considered a value stock index fund?
    Cheers – Index

  2. boxingflames says:

    HI Andrew,

    Got your book trough a friend, great reading! I get your advise to look for ETF with lower expense ratios… I`m expat with future expenses in Euro, so was looking at your EU portfolio and your update for Canadians planning to retire in the EU (I have the edition 1 in China, need to get that edition 2 on kindle… For the world fund IWDA comes with 0.2% expense, while VWRD/VWRL go for 0.18%. Then I also see LCWD with 0.12% expense… However, their overall size is small, 87.5 mUSD… Do you see the size of an ETF as an issue? and why would you not consider the Vanguard world VT in your list (0.08%)?

  3. martha martha pabon says:

    Good Morning
    Andrew I am a new in this investment area I already bought your book and I started reading I need some help to started can you recommended to me an investor ? or how to started all the language is very strange and unknown to me because I have not been educated in this area but I want to learn and teach others . please can you guide me how to start

    thanks
    Martha H Pabon

  4. Mario says:

    Hi Andrew,

    I admire your consistent message to investors: Diversified index funds/ETFs at low cost for the long term. I’ve read the Millionaire Expat, but don’t recall that you recommended value stock indexes. Maybe I missed it. I’ll have to check the book again. But what value stock ETF would you recommend to a Canadian expat like me, living in the Gulf and investing in ETFs through the Toronto Stock Exchange?

    Thanks for all what you do.

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