{"product_id":"millionaire-expat-isbn-9781119840107","title":"Millionaire Expat","description":"\u003cp\u003e\u003cb\u003eBuild your strongest-ever portfolio from anywhere in the world\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNow 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.\u003c\/p\u003e \u003cp\u003eBest 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.\u003c\/p\u003e \u003cp\u003e 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.\u003c\/p\u003e \u003cp\u003eBut 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.\u003c\/p\u003e \u003cp\u003eMillionaire 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.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAuthor 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.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAcknowledgements xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Grow Big Profits Without Any Effort 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Average Returns Aren’t Normal 11\u003c\/p\u003e \u003cp\u003eWhen the Stock Market Beats Real Estate 12\u003c\/p\u003e \u003cp\u003eWhat’s Inside a Global Stock Market Index Fund? 13\u003c\/p\u003e \u003cp\u003eUndressing Stocks with 50 Shades of Gray 13\u003c\/p\u003e \u003cp\u003eThe Stock Market Stars as the Great Humiliator 17\u003c\/p\u003e \u003cp\u003eFast-Growing Economies Can Produce Weak Returns 19\u003c\/p\u003e \u003cp\u003eBonds Are Protective Nets for Jumpers 21\u003c\/p\u003e \u003cp\u003eCan You Lose Money with Bonds? 23\u003c\/p\u003e \u003cp\u003eChapter Take-Away 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Don’t Start a Fight with an Escalator 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYes, the Financial District Loves You! 28\u003c\/p\u003e \u003cp\u003eGlobal Investors Getting Fleeced 30\u003c\/p\u003e \u003cp\u003eChapter Take-Away 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Where Are the Customers’ Yachts? 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Investors Bleed by the Same Sword 34\u003c\/p\u003e \u003cp\u003eAmerican Expatriates Run Naked 36\u003c\/p\u003e \u003cp\u003eWhy Brokers Want to Muzzle Warren Buffett 37\u003c\/p\u003e \u003cp\u003eFinancial Advisors Touting “The World Is Flat!” 38\u003c\/p\u003e \u003cp\u003eHedge Fund Money Spanked for Its Con 40\u003c\/p\u003e \u003cp\u003eWhy Most Investors Underperform Their Funds 42\u003c\/p\u003e \u003cp\u003eAre Most Financial Advisors Bad People? 43\u003c\/p\u003e \u003cp\u003eChapter Take-Away and Tips 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Expats Should Avoid Snakes In Suits 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe deVere Group Faces Trouble 57\u003c\/p\u003e \u003cp\u003eBritish Expats: Can I Trade You That Diamond for a Big Lump of Coal? 58\u003c\/p\u003e \u003cp\u003eThe 10 Habits of Successful Financial Advisors . . . Really? 59\u003c\/p\u003e \u003cp\u003eWhen Your Advisor is a Sales Commando 60\u003c\/p\u003e \u003cp\u003eWelcoming Sharks into the Seal Pool 61\u003c\/p\u003e \u003cp\u003eMasters of the Insured Death Benefit Illusion 65\u003c\/p\u003e \u003cp\u003eFree Fund Switching Isn’t a Perk 66\u003c\/p\u003e \u003cp\u003eMaking Millions off the General Public 66\u003c\/p\u003e \u003cp\u003eFooling the Masses with Numbers 67\u003c\/p\u003e \u003cp\u003eWhen High Fees Meet Gunslingers 68\u003c\/p\u003e \u003cp\u003eChapter Take-Away and Tips 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Self-Appointed Gurus and Neanderthal Brains 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Most Investors Should Hope for Falling Markets 77\u003c\/p\u003e \u003cp\u003eAre You Cheering for the Right Team? 77\u003c\/p\u003e \u003cp\u003eIf You’re Just Starting Out, Pray for Stocks to Sputter 79\u003c\/p\u003e \u003cp\u003eShould You Worry When Stocks Hit All-Time Highs? 82\u003c\/p\u003e \u003cp\u003eThe Only Thing That Matters 82\u003c\/p\u003e \u003cp\u003eIt’s Not Timing the Market That Matters; It’s Time in the Market 84\u003c\/p\u003e \u003cp\u003eHigh Unemployment and High Stock Returns 85\u003c\/p\u003e \u003cp\u003eWhat Can You Miss by Guessing Wrong? 87\u003c\/p\u003e \u003cp\u003eShould You Invest a Windfall All at Once? 89\u003c\/p\u003e \u003cp\u003eWhen Investors and Advisors Sabotage Their Rides 89\u003c\/p\u003e \u003cp\u003eAre Women Better Investors Than Men? 90\u003c\/p\u003e \u003cp\u003eCollar Your Inner Neanderthal 91\u003c\/p\u003e \u003cp\u003eChapter Take-Away and Tips 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Investment Advisors with a Conscience 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo You Have a Ninja’s Discipline? 96\u003c\/p\u003e \u003cp\u003eQualities of a Good Financial Advisor 96\u003c\/p\u003e \u003cp\u003eInvestment Professionals Worth Considering 98\u003c\/p\u003e \u003cp\u003eWhy Many Global Expats are Naming Their Newborns Mark 111\u003c\/p\u003e \u003cp\u003eWhy are the Entry Points Often High? 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Thirty-four Questions Do-It-Yourself Investors Ask 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. How do I Purchase ETFs or Indexed Mutual Funds Through a Brokerage? 115\u003c\/p\u003e \u003cp\u003e2. What’s the Best Brokerage To Use? 116\u003c\/p\u003e \u003cp\u003e3. What’s the Difference Between an Exchange-Traded Index Fund (ETF) and an Index Fund? 117\u003c\/p\u003e \u003cp\u003e4. Do Non-Americans Have to Pay US Estate Taxes upon Death if They Own US Index Shares? 118\u003c\/p\u003e \u003cp\u003e5. What’s a Sector-Specific ETF? 119\u003c\/p\u003e \u003cp\u003e6. Should I Buy an Index that’s Currency Hedged? 120\u003c\/p\u003e \u003cp\u003e7. What’s the Scoop on Withholding Taxes? (For Non-Americans) 121\u003c\/p\u003e \u003cp\u003e8. Will You Have to Pay Currency Conversions? 123\u003c\/p\u003e \u003cp\u003e9. Should I Be Concerned about Currency Risks? 124\u003c\/p\u003e \u003cp\u003e10. Do the Unit Prices of ETFs Show Which are Expensive or Cheap? 125\u003c\/p\u003e \u003cp\u003e11. If I Have a Lump Sum, Should I Invest It All at Once? 126\u003c\/p\u003e \u003cp\u003e12. I’m in Some Expensive Products, but They’re Currently Down in Value. Should I Sell Now or Wait? 126\u003c\/p\u003e \u003cp\u003e13. What If I Find a Higher-Performing Bond Index? 127\u003c\/p\u003e \u003cp\u003e14. What If I Find a Cheaper ETF? 128\u003c\/p\u003e \u003cp\u003e15. Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees? 128\u003c\/p\u003e \u003cp\u003e16. How Little Can I Invest Each Month? 129\u003c\/p\u003e \u003cp\u003e17. Stock Markets Are High. Should I Really Start Investing? 130\u003c\/p\u003e \u003cp\u003e18. Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low-Cost Provider? 131\u003c\/p\u003e \u003cp\u003e19. Can Muslims Build a Portfolio of Shariah-Compliant Funds? 132\u003c\/p\u003e \u003cp\u003e20. What Percentage Should You Have In Stocks and Bonds? 133\u003c\/p\u003e \u003cp\u003e21. Could You Build a Portfolio of Socially Responsible Index Funds? 139\u003c\/p\u003e \u003cp\u003e22. Why Doesn’t My Brokerage Offer the Funds I Want? 140\u003c\/p\u003e \u003cp\u003e23. Why Hasn’t My Bond ETF Risen in Value? 141\u003c\/p\u003e \u003cp\u003e24. What If My Bond ETF Is Priced in a Different Currency? 142\u003c\/p\u003e \u003cp\u003e25. Are Cryptocurrencies, like Bitcoin, Good Investments? 142\u003c\/p\u003e \u003cp\u003e26. Should I Buy a Real Estate Investment Trust (REIT) Index? 144\u003c\/p\u003e \u003cp\u003e27. Should I Buy a Smart Beta ETF? 146\u003c\/p\u003e \u003cp\u003e28. Should I Invest in Gold? 147\u003c\/p\u003e \u003cp\u003e29. Don’t Small-Company Stocks Beat Larger-Company Stocks? 148\u003c\/p\u003e \u003cp\u003e30. What If You and Your Spouse Represent Different Nationalities? 150\u003c\/p\u003e \u003cp\u003e31. Why Should I Rebalance My Portfolio? 151\u003c\/p\u003e \u003cp\u003e32. What Are The Best ETFs To Buy? 152\u003c\/p\u003e \u003cp\u003e33. What’s the Difference Between an Accumulating ETF and a Distributing ETF? 153\u003c\/p\u003e \u003cp\u003e34. Should I Buy An ETF or Index That Pays High Dividends? 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Couch Potato Investing 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDon’t Bonds Tie You Down? 158\u003c\/p\u003e \u003cp\u003eAre You Worried That Bond Interest Rates Are Low? 159\u003c\/p\u003e \u003cp\u003eWhere Do You Plan to Retire? 160\u003c\/p\u003e \u003cp\u003eAre You Retiring in an Emerging-Market Country? 162\u003c\/p\u003e \u003cp\u003eThe Magic Of All-in-One Portfolio ETFs and Index Funds 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Model Portfolios for American Expats 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo You Currently Invest with Vanguard? 168\u003c\/p\u003e \u003cp\u003eCouch Potato Investing with Vanguard 169\u003c\/p\u003e \u003cp\u003eSimple Investing with a Vanguard Stick Shift 172\u003c\/p\u003e \u003cp\u003eVanguard’s Admiral Series Global Two-Fund Portfolio Solutions Socially Responsible Investing 174\u003c\/p\u003e \u003cp\u003eAmericans Using Interactive Brokers 176\u003c\/p\u003e \u003cp\u003eETF Portfolios with Interactive Brokers 176\u003c\/p\u003e \u003cp\u003eSocially Responsible ETF Portfolios 176\u003c\/p\u003e \u003cp\u003eDon’t Contribute Illegally to Your IRA 176\u003c\/p\u003e \u003cp\u003eWhat Exactly Is an IRA? 179\u003c\/p\u003e \u003cp\u003eCould You Retire And Never Pay US Taxes Again? 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Portfolio Models for Canadian Expats 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing for Canadians 185\u003c\/p\u003e \u003cp\u003eSwap-Based ETFs—The Ultimate Legal Tax Dodge 186\u003c\/p\u003e \u003cp\u003eWhat About RRSPs, TFSAs and RESPs? 188\u003c\/p\u003e \u003cp\u003eChildren’s Education Savings Plans 189\u003c\/p\u003e \u003cp\u003eCanadians In Europe 191\u003c\/p\u003e \u003cp\u003eEuropean Country Residents not Affected By This Rule 191\u003c\/p\u003e \u003cp\u003eFor Most Canadians Living In an EU Country 192\u003c\/p\u003e \u003cp\u003eOne Drawback To Non-Canadian Listed ETFs 193\u003c\/p\u003e \u003cp\u003eRepatriation: If You Decide To Move Back 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Portfolio Models for British Expats 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAre The Extra Commission Fees Worth It? 200\u003c\/p\u003e \u003cp\u003eThe Downside of Vanguard’s LifeStrategy Index Mutual Funds 203\u003c\/p\u003e \u003cp\u003ePortfolios of Individual ETFs: For Walking British Buddhas 204\u003c\/p\u003e \u003cp\u003eHow Important Is UK Stock And Bond Market Exposure? 206\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing For British Expats 208\u003c\/p\u003e \u003cp\u003eAre You Really Ready To Do This? 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Portfolio Models for Australian Expats 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing For Australians 214\u003c\/p\u003e \u003cp\u003eWhat If You Don’t Want High Exposure to Australian Shares? 217\u003c\/p\u003e \u003cp\u003eThe Repatriation Benefit of Aussie-listed Shares 218\u003c\/p\u003e \u003cp\u003eTax Laws: Created By The Rich For The Rich? 219\u003c\/p\u003e \u003cp\u003eNow Look Deeply Into That Mirror 220\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Portfolio Models for Europeans and Other Nationalities 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Home Currency Bias 224\u003c\/p\u003e \u003cp\u003eInvestors Who Might Not Want Any Home Currency Exposure 226\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Setting Your Bulls Eye 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat’s a Better Definition of Wealth? 233\u003c\/p\u003e \u003cp\u003eWhat’s This Ailment Expatitis? 233\u003c\/p\u003e \u003cp\u003eThree Decades And Counting With The 4 Percent Rule 234\u003c\/p\u003e \u003cp\u003eYou and Your Money Can Both Last Longer 237\u003c\/p\u003e \u003cp\u003ePart II Retirement or Semi-Retirement In A Low-Cost Country 239\u003c\/p\u003e \u003cp\u003eThis Personal Decision In Not For Everyone 240\u003c\/p\u003e \u003cp\u003eWhen It’s Not About The Money 241\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Retire A Decade Early In Latin America 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMexico: Hot Beaches, Cool Mountains And The World’s Best Expat Social Scenes 246\u003c\/p\u003e \u003cp\u003eCosta Rica: Happiest People, Best Wildlife And Environmental Leaders 252\u003c\/p\u003e \u003cp\u003ePanama: Idyllic Islands, Popular Mountain Towns and Retirement Discounts Galore 256\u003c\/p\u003e \u003cp\u003eEcuador: Friendly People, Great Climate, And An Ultra-Low Cost Of Living 261\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Retire A Decade Early In Europe 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePortugal: Crashing Surf, Gorgeous Scenery and Europe’s Best Weather 268\u003c\/p\u003e \u003cp\u003eHome Sweet Home 270\u003c\/p\u003e \u003cp\u003eFrom Canada to Portugal for an Easier Pace of Life 271\u003c\/p\u003e \u003cp\u003eSpain: Spectacular Beach Walks and Skiing In The Same Day 274\u003c\/p\u003e \u003cp\u003eAerobatics Pilot Chooses To Fly 275\u003c\/p\u003e \u003cp\u003eCouple Enjoys Life on Less Than €9000 a Year 275\u003c\/p\u003e \u003cp\u003eIf You Don’t Have A Pension, How Much Money Would You Need? 277\u003c\/p\u003e \u003cp\u003eEastern Europe: The World’s Best Low-Cost Secret 278\u003c\/p\u003e \u003cp\u003eClimate and Safety 279\u003c\/p\u003e \u003cp\u003eWhy Georgia’s Becoming The New Hot Spot 280\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Retire A Decade Early In Southeast Asia 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRetiring In Malaysia: Beauty In The Sun 286\u003c\/p\u003e \u003cp\u003eCan You Handle The Heat? 286\u003c\/p\u003e \u003cp\u003eTop Quality Medical 287\u003c\/p\u003e \u003cp\u003eRetiring In Thailand: The Land of Smiles 289\u003c\/p\u003e \u003cp\u003eConclusion 295\u003c\/p\u003e \u003cp\u003eLow-Cost Retirement Country Resources 297\u003c\/p\u003e \u003cp\u003eIndex 303\u003c\/p\u003e  \u003cp\u003eWhen \u003cb\u003eANDREW HALLAM\u003c\/b\u003e 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 \u003ci\u003eCNBC\u003c\/i\u003e and \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, 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 \u003ci\u003eThe Globe and Mail, Canadian Business\u003c\/i\u003e, AssetBuilder.com, \u003ci\u003eMoneySense\u003c\/i\u003e, and Swissquote. His other books include \u003ci\u003eMillionaire Teacher\u003c\/i\u003e and \u003ci\u003eBalance: How to Invest and Spend for Happiness, Health and Wealth\u003c\/i\u003e. Find him online at \u003cb\u003eandrewhallam.com.\u003c\/b\u003e   \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for MILLIONAIRE EXPAT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“If your own journey into personal finance is just beginning, I highly recommend Andrew as the ideal traveling companion. He will make sure you see all the essential sights while painlessly communicating great reams of useful knowledge. Best of all, this new updated edition of \u003ci\u003eMillionaire Expat\u003c\/i\u003e shows you options you may never have considered — from low cost investing strategies to exotic and cheap places to retire. And yes, oh yes, he will make you laugh.”\u003cbr\u003e\u003cb\u003e —Ian McGugan\u003c\/b\u003e, \u003ci\u003eThe Globe and Mail\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“There was nothing like this book 32 years ago when we achieved FIRE [Financial Independence Retire Early] at 38 years old. We discovered the advantages of retiring in low-cost countries. That enhanced the returns and longevity of our portfolio. It would have been easier if we had this book. \u003ci\u003eMillionaire Expat, Third Edition\u003c\/i\u003e is a must-read!”\u003cbr\u003e\u003cb\u003e —Billy and Akaisha Kaderli\u003c\/b\u003e, authors of \u003ci\u003eThe Adventurer's Guide to Early Retirement, Fourth Edition, Your Simple Path to FIRE\u003c\/i\u003e, at RetireEarlyLifestyle.com \u003c\/p\u003e\u003cp\u003e“As an investment expert and expat himself, Andrew Hallam provides rock solid advice that is both approachable and understandable. If you are looking for a definitive guide to managing your money, look no further than \u003ci\u003eMillionaire Expat, Third Edition\u003c\/i\u003e.”\u003cbr\u003e\u003cb\u003e —John S. Woerth\u003c\/b\u003e, former chief spokesperson, Vanguard \u003c\/p\u003e\u003cp\u003e“This \u003ci\u003eThird Edition\u003c\/i\u003e of \u003ci\u003eMillionaire Expat\u003c\/i\u003e teaches you how to retire and live lavishly overseas without needing a million dollars. There is no better guide for expat investors. I’ve been investing for many years, travelling the world since retiring in my 30s, and I still learned a ton from Andrew Hallam.”\u003cbr\u003e\u003cb\u003e —Kristy Shen\u003c\/b\u003e, bestselling author of \u003ci\u003eQuit Like a Millionaire\u003c\/i\u003e and founder of Millennialrevolution.com\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989627879653,"sku":"NP9781119840107","price":20.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119840107.jpg?v=1761784869","url":"https:\/\/k12savings.com\/products\/millionaire-expat-isbn-9781119840107","provider":"K12savings","version":"1.0","type":"link"}