Andrew Hallam

Millionaire Expat (eBook, PDF)

How To Build Wealth Living Overseas

• Format: PDF

Produktbeschreibung

Build your strongest-ever portfolio from anywhere in the world Now in its third edition, Millionaire Expat is the world's most trusted, bestselling guide for expat investors. It shows readers how to protect themselves from financial sharks and build effective portfolios that maximize profits and tax efficiency. This updated guide includes model portfolios of ETFs or index funds. It recommends subtle differences for investors based on nationality, while explaining why all-in-one portfolio funds are even simpler and more profitable than individual ETFs. Millionaire Expat also provides investment models for socially responsible funds. Best of all, this book is specific. Author Andrew Hallam doesn't just offer theory. He shows you exactly what to buy and where to buy it from. He explains how much you should sell each year, upon retirement, and discusses repatriation: showing how different countries deal with the taxation of portfolios that were built abroad. And if you're looking for a hands-free approach, Millionaire Expat offers something for you as well: lists of roboadvisors and full-service financial firms that offer guidance and build portfolios of ETFs and index funds. But what if you started investing late and can't afford to retire? In that case, Andrew Hallam has you covered. He profiles several low-cost countries that are popular with expats. He explains what countries are great for Global Nomads and for retirees looking for tax breaks, safety, solid health care systems and a low-cost, enjoyable standard of living. Millionaire Expat (3rd edition) is an entertaining guide, showing readers how to maximize their money and their life satisfaction based on simple, smart investing and their choice of retirement destination. Author Andrew Hallam was a high school teacher who built a million-dollar portfolio--on a teacher's salary. He knows how everyday people can achieve success in the market. In Millionaire Expat, he tailors his best advice to the unique needs of those living overseas to give you the targeted, real-world guidance you need.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 336
• Erscheinungstermin: 14. Januar 2022
• Englisch
• ISBN-13: 9781119840152
• Artikelnr.: 63323264

Autorenporträt

When ANDREW HALLAM isn't getting eaten by mosquitoes in a tropical jungle, cycling up the side of a volcano with his wife during a downpour or trying to drive to Argentina in a van, he's speaking and writing about happiness, personal finance and low-cost retirement destinations. Profiled by such media as CNBC and The Wall Street Journal, the former high school teacher is the first person to have a #1 selling finance book on Amazon USA, Amazon Canada, Amazon UAE and Amazon Singapore. He has written columns for The Globe and Mail, Canadian Business, AssetBuilder.com, MoneySense, and Swissquote. His other books include Millionaire Teacher and Balance: How to Invest and Spend for Happiness, Health and Wealth. Find him online at andrewhallam.com.

Inhaltsangabe

Acknowledgements xiii

Introduction 1

Chapter 1: Grow Big Profits Without Any Effort 7

Why Average Returns Aren't Normal 11

When the Stock Market Beats Real Estate 12

What's Inside a Global Stock Market Index Fund? 13

Undressing Stocks with 50 Shades of Gray 13

The Stock Market Stars as the Great Humiliator 17

Fast-Growing Economies Can Produce Weak Returns 19

Bonds Are Protective Nets for Jumpers 21

Can You Lose Money with Bonds? 23

Chapter Take-Away 25

Chapter 2: Don't Start a Fight with an Escalator 27

Yes, the Financial District Loves You! 28

Global Investors Getting Fleeced 30

Chapter Take-Away 32

Chapter 3: Where Are the Customers' Yachts? 33

Global Investors Bleed by the Same Sword 34

American Expatriates Run Naked 36

Why Brokers Want to Muzzle Warren Buffett 37

Financial Advisors Touting "The World Is Flat!" 38

Hedge Fund Money Spanked for Its Con 40

Why Most Investors Underperform Their Funds 42

Are Most Financial Advisors Bad People? 43

Chapter Take-Away and Tips 45

Chapter 4: Expats Should Avoid Snakes in Suits 49

The deVere Group Faces Trouble 57

British Expats: Can I Trade You That Diamond for a Big Lump of Coal? 58

The 10 Habits of Successful Financial Advisors . . . Really? 59

When Your Advisor is a Sales Commando 60

Welcoming Sharks into the Seal Pool 61

Masters of the Insured Death Benefit Illusion 65

Free Fund Switching Isn't a Perk 66

Making Millions off the General Public 66

Fooling the Masses with Numbers 67

When High Fees Meet Gunslingers 68

Chapter Take-Away and Tips 69

Chapter 5: Self-Appointed Gurus and Neanderthal Brains 73

Why Most Investors Should Hope for Falling Markets 77

Are You Cheering for the Right Team? 77

If You're Just Starting Out, Pray for Stocks to Sputter 79

Should You Worry When Stocks Hit All-Time Highs? 82

The Only Thing That Matters 82

It's Not Timing the Market That Matters; It's Time in the Market 84

High Unemployment and High Stock Returns 85

What Can You Miss by Guessing Wrong? 87

Should You Invest a Windfall All at Once? 89

When Investors and Advisors Sabotage Their Rides 89

Are Women Better Investors Than Men? 90

Collar Your Inner Neanderthal 91

Chapter Take-Away and Tips 92

Chapter 6: Investment Advisors with a Conscience 95

Do You Have a Ninja's Discipline? 96

Qualities of a Good Financial Advisor 96

Investment Professionals Worth Considering 98

Contents ix

Why Many Global Expats are Naming Their Newborns Mark 111

Why are the Entry Points Often High? 113

Chapter 7: Thirty-four Questions Do-It-Yourself Investors Ask 115

1. How do I Purchase ETFs or Indexed Mutual Funds Through a Brokerage? 115

2. What's the Best Brokerage To Use? 116

3. What's the Difference Between an Exchange-Traded Index Fund (ETF) and an Index Fund? 117

4. Do Non-Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares? 118

5. What's a Sector-Specific ETF? 119

6. Should I Buy an Index that's Currency Hedged? 120

7. What's the Scoop on Withholding Taxes? (For Non-Americans) 121

8. Will You Have to Pay Currency Conversions? 123

9. Should I Be Concerned about Currency Risks? 124

10. Do the Unit Prices of ETFs Show Which a