Exploit your offshore status to build a robust investment portfolio
Most of the world's 200 million expats float in stormy seas. Few can contribute to their home country social programs. They're often forced to fend for themselves when they retire. The Global Expatriate's Guide to Investing is the world's only book showing expats how to build wealth overseas with index funds. Written by bestselling author, Andrew Hallam, it's a guide for everyone, no matter where they are from.
Warren Buffett says you should buy index funds. Nobel prize winners agree.
But dangers lurk. Financial advisors overseas can be hungry wolves. They don't play by the same set of rules. They would rather earn whopping commissions than follow solid financial principles. The Global Expatriate's Guide To Investing shows how to avoid these jokers. It explains how to find an honest financial advisor: one that invests with index funds instead of commission paying windfalls.
You don't want an advisor? Fair enough. Hallam shows three cutting edge index fund strategies. He compares costs and services of different brokerages, whether in the U.S. or offshore. And he shows every nationality how to invest in the best products for them. Some people want stability. Some want strong growth. Others want a dash of both.
This book also answers the following questions:
How much money do I need to retire?
How much should I be saving each month?
What investments will give me both strong returns, and safety?
The Global Expatriate's Guide To Investing also profiles real expats and their stories. It shows the mistakes and successes that they want others to learn from. It's a humorous book. And it demonstrates how you can make the best of your hard-earned money.
【作者简介】
ANDREW HALLAM is a personal finance columnist, financial educator, and speaker. An expatriate since 2003, he is the author of Millionaire Teacher and writes columns for The Globe and Mail and for the U.S. based financial service company, AssetBuilder. He also contributes frequently to Canadian Business magazine, and was a nominated finalist for three national publishing awards for his articles in MoneySense magazine. Contact him at his website www.andrewhallam.com.
【目录】
Foreword
Scott Burns xiii
Acknowledgments xvii
Introduction xix
Chapter 1: Setting Your Bull's-Eye
What's This Ailment Expatitis?
Cheating Conventional Retirement Rules
Cooking Up the Road Less Traveled
The Earthquake and the Epiphany
Jujitsu Junkie Taps Out for Home
Now It's Your Turn
Notes
Chapter 2: Building Your Pension
How to Never Run Out of Money
The Man with Nothing But a Backpack
The Couple with Swedish-American Dreams
A Front-End-Loaded Tale of Success
Notes
Chapter 3: The Truth about Stocks and Bonds
Halloween Grab Bag Treats Investors
Why Average Returns Aren't Normal
Stocks Pound Inflation
What Has the Stock Market Done for You Lately?
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?
Notes
Chapter 4: Don't Start a Fight with an Escalator
Yes, the Financial District Loves You!
Global Investors Getting Fleeced
Notes
Chapter 5: Where Are the Customers' Yachts?
Global Investors Bleed by the Same Sword
American Expatriates Run Naked
Why Brokers Want to Muzzle Warren Buff ett
Financial Advisors Touting "The World Is Flat!"
Hedge Fund Money Spanked for Its Con
Why Most Investors Underperform Their Funds
Notes
Chapter 6: Don't Climb into Bed with a Silver-Tongued Player
Featuring the Rip-Offers
The Ten Habits of Successful Financial Advisors . . . Really?
When Your Advisor Is a Sales Commando
Welcoming Sharks into the Seal Pool
Misled Investors Pay the Price
A Canadian Investor Gets Bled
Would You Like a Band-Aid for That Bleeding Gash?
Masters of the Insured Death Benefi t Illusion
Free Fund Switching Isn't a Perk
Making Millions off the General Public
Fooling the Masses with Numbers
Regulators Making an Effort
Can Squeaky Wheels Gain Redemption?
If Investors Can't Reclaim Their Losses
When High Fees Meet Gunslingers
A Son's Inheritance Gets Plundered
British Teacher Learns a Costly Lesson
Playing Soccer Like Wasps around Honey
Most Investors Are Crazy
Notes
Chapter 7: Self-Appointed Gurus and Neanderthal Brains
Why Most Investors Should Hope for Falling Markets
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?
When Investors and Advisors Sabotage Their Rides
Popular Stocks Underperform
How About the Next Big Thing?
When Genius Fails
Notes
Chapter 8: An Employer's Greatest Challenge
Fees—How Much Is Too Much?
So What's the Solution for Global Employers?
Notes
Chapter 9: Couch Potato Investing
Don't Bonds Tie You Down?
Is It More of a Fling Than a Real Relationship?
Potatoes Growing Globally
Bonds Relative to Age and Risk
What If You're Falling Behind?
Profi ting from Panic—Stock Market Crash 2008-2009
Owning the World
Where Do You Plan to Retire?
Are You Retiring in an Emerging Market Country?
Does This Sound Too Good to Be True?
Chapter 10: The Permanent Portfolio: Growth without Risk
Gold in Isolation Is a Total Loser
A Disco-Era Brainchild from a
Twentieth-Century Socrates
This Great Portfolio Will Never Be Popular (But It Should Be!)
Why Does It Work?
What Has It Done for Me Lately?
Notes
Chapter 11: Fundamental Indexing:
Can We Build a Better Index Portfolio?
Like Top Basketball Players Getting the Most Court Time
Index Funds That Appear to Beat the Market
Investment Legend Likens Them to Witchcraft
Global Fundamental Indexes Might Shelter Us from Bubbles
Emerging Markets Show the Greatest Diff erence
Aren't These Just Actively Managed Products?
Notes
Chapter 12: Capable Investment Advisors with a Conscience
Do You Have a Ninja's Discipline?
Qualities of a Great Financial Advisor
Investment Professionals worth Considering
Notes
Chapter 13: Choosing Your Off shore Brokerage—For Non?]Americans
DBS Vickers Securities Opens the Door to Everyone
Why You Should Avoid E*Trade Financial
TD Direct Investing International
Saxo Capital Markets—A Jewel with Distractions
Comparing Fees with International Brokerages
Is Interactive Brokers the Dark Horse Winner?
Notes
Chapter 14: The 16 Questions Do-It-Yourself Investors Ask
What's the Diff erence between an Exchange-Traded Index Fund (ETF) and an Index Fund?
Do Non-Americans Have to Pay U.S. Estate Taxes upon Death If They Own U.S. Index Shares?
What's a Sector-Specific ETF?
Should I Buy an Index That's Currency Hedged?
What's the Scoop on Withholding Taxes? (For Non-Americans)
Will You Have to Pay Currency Conversions?
Should I Be Concerned about Currency Risks?
Do the Unit Prices of ETFs Show Which Are Expensive or Cheap?
If I Have a Lump Sum, Should I Invest It All at Once?
I'm in Some Expensive Products, but They're Currently Down in Value. Should I Sell Now or Wait?
How Do I Open a Brokerage Account and Make Purchases? (For Non-Americans)
What If I Find a Higher-Performing Bond Index?
What If I Find a Cheaper ETF?
Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs or Exchange Rate Fees?
How Little Can I Invest Each Month?
Stock Markets Are High. Should I Really Start Investing?
Let's Go!
Notes
Chapter 15: Investing for American Expats*
Do You Currently Invest with Vanguard?
Couch Potato Investing with Vanguard
Couch Potato Investing with a Vanguard Stick Shift
When Investors Binge on Speculation
Charles Schwab Off ers a Great Deal
Doing the Couch Potato with Schwab
Permanent Portfolio Investing with Schwab
Fundamental Indexing Magic in the Works
Don't Contribute Illegally to Your IRA
What Exactly Is an IRA?
Roth IRAs Are Diff erent
Notes
Chapter 16: Investing for Canadian Expats
Canadian Funds Earn an "F" for Costs
Brokerage Options for Expatriate Canadians
Brokerages for Canadians in Capital-Gains-Free Jurisdictions
Building a Canadian Couch Potato Portfolio
ETF Canadian Price War
The Permanent Portfolio, Canadian Style
Fundamental Indexing Portfolios
What About RRSPs and TFSAs?
Swap-Based ETFs, the Ultimate Legal Tax Dodge
Notes
Chapter 17: Investing for British Expats
Expensive Firms Performing Like a Virgin
Couch Potato Investing for British Expatriates
British Investors and the Permanent Portfolio
Fundamental Indexing for the British
Notes
Chapter 18: Investing for Australian Expats
Fancy an Australian Couch Potato?
How About an Australian Permanent Portfolio?
Fundamental Indexing for Australians
Notes
Chapter 19: Investing for New Zealand Expats
Kiwis Chilling Out With The Couch Potato
Permanent Portfolio for Kiwis
Fundamental Indexing for New Zealanders
Notes
Chapter 20: Investing for South African and South American Expats
South African Investors
South Africans Fry Up the Couch Potato
South African Writer Likes the Permanent Portfolio
South Africans Preferring Fundamental Platforms
South American Investors
Brazilian Investing Models
Notes
Chapter 21: Investing for European Expats
Country-Specifi c European ETFs
European Indexes That Investors Will Like
Why Not Choose the Simpler Option?
Calling Italians and the Swiss
The European's Permanent Portfolio
Fundamental Indexing for Europeans
So What's It Going to Be—Couch Potato, Permanent, or Fundamentally Indexed?
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