Canadians Are Wasting Billions In These ETFs

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Nine years ago, when I wrote the first edition of Millionaire Teacher, the only U.S. or international stock market ETFs available on the Toronto Stock Exchange were currency-hedged. Plenty of investors bought those funds, which were still much better than actively managed products. But much better products (non-currency hedged ETFs) became available in 2013….and many investors didn’t get the memo. I did my best to publish why investors should change: in The Global Expatriate’s Guide To Investing (2014) in Millionaire Teacher (2nd edition, 2017) and in a story for The Globe and Mail (2014). But Canadians still have billions of dollars in these ETFs….the wrong ETFs. This morning, I published another story in The Globe and Mail about these products, providing more evidence and the passage of time to strengthen my point further.

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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