Andrew Hallam Speaks at The Entertainer In Dubai

I’ve always enjoyed teaching. 

I worked as a public school teacher in Canada, and a private school teacher in Singapore.  In 2014, my wife and I hit the road for a year of travel and adventure. 

One year has turned into five. 

Plenty of my friends ask, “Don’t you miss teaching?”  Fortunately, I don’t have to.  I’ve enjoyed speaking to different audiences around the world about the benefits of investing in low-cost index funds and ETFs.

Today, I spoke to a team in Dubai at The Entertainer.   It’s exciting to know how this team of employees could build their personal wealth with regular savings, discipline, and a diversified portfolio of low-cost funds.  I spoke for about 80 minutes, summarizing the components in my book, Millionaire Expat:  How To Build Wealth Living Overseas.

This was my final talk in a 2-month tour. 

Now I’ll be trading hotels, trousers and long-sleeved shirts for the nomadic lifestyle in our van.  It’s a sharp contrast, moving from a corporate world to a Bohemian one, as we head into Mexico, Central America and then South America.  But the variety (and especially what we learn from fellow travelers on the road) add a fabulous spice.

My wife, Pele, books my future talks.  If you would like to book me for a corporate event, or for an international school talk, please contact Pele at:  millionaireteacherspeaks@gmail.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 and Millionaire Expat: How To Build Wealth Living Overseas. 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.

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2 Responses

  1. Freddy123 says:

    Hi Andrew – I’ve got your book and am looking to make a massive decision about moving a UK DB pension into a SIPP, I’m currently based in Abu Dhabi. The multiples are good (41 times) and need IFA advice before I can transfer it. Your book has made me very nervous, and I’ve got a quote from one IFA, with no upfront fees but paying 0.47% per year platform fees fixed against the transfer value of c£850k for 25 years (no option to move it out of the platform without buying out of it) I.e. almost £100k over the period. I’ll adopt your advice about splitting the pot across the 3 types of indexes so will not pay for their ongoing advice (1% per annum). Any advice on whether this seems a reasonable option, or any other companies you would recommend talking to? Any help would be really appreciated as it’s a massive decision I can’t afford to get wrong

    • toony says:

      Freddy,
      I hope you see this message in time and/or haven’t fallen for the scam by transferring! Hopefully you dont’ become an example in this article:
      https://www.thenational.ae/business/money/british-expatriates-caught-out-by-unnecessary-pension-transfers-1.869622

      Best option in the UAE – you must seek FCA approved advisor due to large pension (see The Fry Group in Dubai)

      DO NOT LET YOUR PENSION OUT OF YOUR CONTROL AT ANY TIME!!! These so call “IFA” will instantly steal 25% of your pension instantly on transfer (hidden commission AND contract traps). The losses will grow to about 50% after 5 years!!! There’s very little you can do and no recourse – you can kiss your pension goodbye!!

      41X is very good but DB is gold so be very careful!! If you fail to read and research more, EXPECT to lose most of your pension!

      My best advice:
      1. use low cost SIPP with James Hay (or AJ Bell) with you in control the whole time – don’t let ANY advisor control account.
      2. pay The Fry Group (fees only and not AUM) to do all the paperwork for the transfer and SIPP setup and TEACH you the platform basics. It will be pricey – £5000-£10000) but no ongoing charges.
      3. put 98% of money into one of the Vanguard Lifestrategy funds (2% as cash for admin stuff). Total running cost of everything is ~0.5% all inclusive (this includes platform, admin, fund fees etc)
      4. leave account alone to compound over time
      5. pay The Fry group (hourly fees) if need further advice on financial/retirement planning

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