Andrew Hallam - Millionaire Expat

1 Cover

2 Title Page Millionaire Expat How to Build Wealth Living Overseas Third Edition Andrew Hallam

3 Copyright

4 Dedication

5 Acknowledgements

6 Introduction

7 Chapter 1: Grow Big Profits Without Any Effort Why Average Returns Aren't Normal When the Stock Market Beats Real Estate What's Inside a Global Stock Market Index Fund? Undressing Stocks with 50 Shades of Gray The Stock Market Stars as the Great Humiliator Fast‐Growing Economies Can Produce Weak Returns Bonds Are Protective Nets for Jumpers Can You Lose Money with Bonds? Chapter Take‐Away Notes

8 Chapter 2: Don't Start a Fight with an Escalator Yes, the Financial District Loves You! Global Investors Getting Fleeced Chapter Take‐Away Notes

9 Chapter 3: Where Are the Customers' Yachts? Global Investors Bleed by the Same Sword American Expatriates Run Naked Why Brokers Want to Muzzle Warren Buffett Financial Advisors Touting “The World Is Flat!” Hedge Fund Money Spanked for Its Con Why Most Investors Underperform Their Funds Are Most Financial Advisors Bad People? Chapter Take‐Away and Tips Notes

10 Chapter 4: Expats Should Avoid Snakes In Suits The deVere Group Faces Trouble British Expats: Can I Trade You That Diamond for a Big Lump of Coal? The 10 Habits of Successful Financial Advisors . . . Really? When Your Advisor is a Sales Commando Welcoming Sharks into the Seal Pool Masters of the Insured Death Benefit Illusion Free Fund Switching Isn't a Perk Making Millions off the General Public Fooling the Masses with Numbers When High Fees Meet Gunslingers Chapter Take‐Away and Tips Notes

11 Chapter 5: Self‐Appointed Gurus and Neanderthal Brains Why Most Investors Should Hope for Falling Markets Are You Cheering for the Right Team? If You're Just Starting Out, Pray for Stocks to Sputter Should You Worry When Stocks Hit All‐Time Highs? The Only Thing That Matters It's Not Timing the Market That Matters; It's Time in the Market High Unemployment and High Stock Returns What Can You Miss by Guessing Wrong? Should You Invest a Windfall All at Once? When Investors and Advisors Sabotage Their Rides Are Women Better Investors Than Men? Collar Your Inner Neanderthal Chapter Take‐Away and Tips Notes

12 Chapter 6: Investment Advisors with a Conscience Do You Have a Ninja's Discipline? Qualities of a Good Financial Advisor Investment Professionals Worth Considering Why Many Global Expats are Naming Their Newborns Mark Why are the Entry Points Often High?

13 Chapter 7: Thirty‐four Questions Do‐It‐Yourself Investors Ask1. How do I Purchase ETFs or Indexed Mutual Funds Through a Brokerage? 2. What's the Best Brokerage To Use? 3. What's the Difference Between an Exchange‐Traded Index Fund (ETF) and an Index Fund? 4. Do Non‐Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares? 5. What's a Sector‐Specific ETF? 6. Should I Buy an Index that's Currency Hedged? 7. What's the Scoop on Withholding Taxes? (For Non‐Americans) 8. Will You Have to Pay Currency Conversions? 9. Should I Be Concerned about Currency Risks? 10. Do the Unit Prices of ETFs Show Which are Expensive or Cheap? 11. If I Have a Lump Sum, Should I Invest It All at Once? 12. I'm in Some Expensive Products, but They're Currently Down in Value. Should I Sell Now or Wait? 13. What If I Find a Higher‐Performing Bond Index? 14. What If I Find a Cheaper ETF? 15. Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees? 16. How Little Can I Invest Each Month? 17. Stock Markets Are High. Should I Really Start Investing? 18. Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low‐Cost Provider? 19. Can Muslims Build a Portfolio of Shariah‐Compliant Funds? 20. What Percentage Should You Have In Stocks and Bonds? 21. Could You Build a Portfolio of Socially Responsible Index Funds? 22. Why Doesn't My Brokerage Offer the Funds I Want? 23. Why Hasn't My Bond ETF Risen in Value? 24. What If My Bond ETF Is Priced in a Different Currency? 25. Are Cryptocurrencies, like Bitcoin, Good Investments? 26. Should I Buy a Real Estate Investment Trust (REIT) Index? 27. Should I Buy a Smart Beta ETF? 28. Should I Invest in Gold? 29. Don't Small‐Company Stocks Beat Larger‐Company Stocks? 30. What If You and Your Spouse Represent Different Nationalities? 31. Why Should I Rebalance My Portfolio? 32. What Are The Best ETFs To Buy? 33. What's the Difference Between an Accumulating ETF and a Distributing ETF? 34. Should I Buy An ETF or Index That Pays High Dividends? Notes

14 Chapter 8: Couch Potato Investing Don't Bonds Tie You Down? Are You Worried That Bond Interest Rates Are Low? Where Do You Plan to Retire? Are You Retiring in an Emerging‐Market Country? The Magic Of All‐in‐One Portfolio ETFs and Index Funds Note

15 Chapter 9: Model Portfolios for American Expats Do You Currently Invest with Vanguard? Couch Potato Investing with Vanguard Simple Investing with a Vanguard Stick Shift Vanguard's Admiral Series Global Two‐Fund Portfolio Solutions Socially Responsible Investing Americans Using Interactive Brokers ETF Portfolios with Interactive Brokers Socially Responsible ETF Portfolios Don't Contribute Illegally to Your IRA What Exactly Is an IRA? Could You Retire And Never Pay US Taxes Again? Notes

16 Chapter 10: Portfolio Models for Canadian Expats Socially Responsible Investing for Canadians Swap‐Based ETFs—The Ultimate Legal Tax Dodge What About RRSPs, TFSAs and RESPs? Children's Education Savings Plans Canadians In Europe European Country Residents not Affected By This Rule For Most Canadians Living In an EU Country One Drawback To Non‐Canadian Listed ETFs Repatriation: If You Decide To Move Back Notes

17 Chapter 11: Portfolio Models for British Expats Are The Extra Commission Fees Worth It? The Downside of Vanguard's LifeStrategy Index Mutual Funds Portfolios of Individual ETFs: For Walking British Buddhas How Important Is UK Stock And Bond Market Exposure? Socially Responsible Investing For British Expats Are You Really Ready To Do This? Notes

18 Chapter 12: Portfolio Models for Australian Expats Socially Responsible Investing For Australians What If You Don't Want High Exposure to Australian Shares? The Repatriation Benefit of Aussie‐listed Shares Tax Laws: Created By The Rich For The Rich? Now Look Deeply Into That Mirror Notes

19 Chapter 13: Portfolio Models for Europeans and Other Nationalities The Home Currency Bias Investors Who Might Not Want Any Home Currency Exposure Socially Responsible Investing Notes

20 Chapter 14: Setting Your Bulls Eye What's a Better Definition of Wealth? What's This Ailment Expatitis? Three Decades And Counting With The 4 Percent Rule You and Your Money Can Both Last Longer Part II Retirement or Semi‐Retirement In A Low‐Cost Country This Personal Decision In Not For Everyone When It's Not About The Money Notes

21 Chapter 15: Retire A Decade Early In Latin America Mexico: Hot Beaches, Cool Mountains And The World's Best Expat Social Scenes Costa Rica: Happiest People, Best Wildlife And Environmental Leaders Panama: Idyllic Islands, Popular Mountain Towns and Retirement Discounts Galore Ecuador: Friendly People, Great Climate, And An Ultra‐Low Cost Of Living Notes

22 Chapter 16: Retire A Decade Early In Europe Portugal: Crashing Surf, Gorgeous Scenery and Europe's Best Weather Home Sweet Home From Canada to Portugal for an Easier Pace of Life Spain: Spectacular Beach Walks and Skiing In The Same Day Aerobatics Pilot Chooses To Fly Couple Enjoys Life on Less Than €9000 a Year If You Don't Have A Pension, How Much Money Would You Need? Eastern Europe:The World's Best Low‐Cost Secret Climate and Safety Why Georgia's Becoming The New Hot Spot Notes

23 Chapter 17: Retire A Decade Early In Southeast Asia Retiring In Malaysia: Beauty In The Sun Can You Handle The Heat? Top Quality Medical Retiring In Thailand: The Land of Smiles Notes