Description: Millionaire Expat by Andrew Hallam Build your strongest-ever portfolio from anywhere in the world Now in its third edition, Millionaire Expat is the worlds 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 doesnt 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 youre 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 cant 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 teachers 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. FORMAT Paperback CONDITION Brand New Flap Praise for MILLIONAIRE EXPAT "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 Millionaire Expat 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." --Ian McGugan , The Globe and Mail "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. Millionaire Expat, Third Edition is a must-read!" --Billy and Akaisha Kaderli , authors of The Adventurers Guide to Early Retirement, Fourth Edition, Your Simple Path to FIRE , at RetireEarlyLifestyle.com "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 Millionaire Expat, Third Edition ." --John S. Woerth , former chief spokesperson, Vanguard "This Third Edition of Millionaire Expat teaches you how to retire and live lavishly overseas without needing a million dollars. There is no better guide for expat investors. Ive been investing for many years, travelling the world since retiring in my 30s, and I still learned a ton from Andrew Hallam." --Kristy Shen , bestselling author of Quit Like a Millionaire and founder of Millennialrevolution.com Author Biography When ANDREW HALLAM isnt 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, hes 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. Table of Contents Acknowledgements xiii Introduction 1 Chapter 1: Grow Big Profits Without Any Effort 7 Why Average Returns Arent Normal 11 When the Stock Market Beats Real Estate 12 Whats 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: Dont 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 Isnt 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 Youre 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 Its Not Timing the Market That Matters; Its 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 Ninjas Discipline? 96 Qualities of a Good Financial Advisor 96 Investment Professionals Worth Considering 98 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. Whats the Best Brokerage To Use? 116 3. Whats 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. Whats a Sector-Specific ETF? 119 6. Should I Buy an Index thats Currency Hedged? 120 7. Whats 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 are Expensive or Cheap? 125 11. If I Have a Lump Sum, Should I Invest It All at Once? 126 12. Im in Some Expensive Products, but Theyre Currently Down in Value. Should I Sell Now or Wait? 126 13. What If I Find a Higher-Performing Bond Index? 127 14. What If I Find a Cheaper ETF? 128 15. Should I Be Most Concerned about Commissions, Annual Account Fees, Fund Costs, or Exchange Rate Fees? 128 16. How Little Can I Invest Each Month? 129 17. Stock Markets Are High. Should I Really Start Investing? 130 18. Should I Buy ETFs from Vanguard, iShares, Schwab or Another Low-Cost Provider? 131 19. Can Muslims Build a Portfolio of Shariah-Compliant Funds? 132 20. What Percentage Should You Have In Stocks and Bonds? 133 21. Could You Build a Portfolio of Socially Responsible Index Funds? 139 22. Why Doesnt My Brokerage Offer the Funds I Want? 140 23. Why Hasnt My Bond ETF Risen in Value? 141 24. What If My Bond ETF Is Priced in a Different Currency? 142 25. Are Cryptocurrencies, like Bitcoin, Good Investments? 142 26. Should I Buy a Real Estate Investment Trust (REIT) Index? 144 27. Should I Buy a Smart Beta ETF? 146 28. Should I Invest in Gold? 147 29. Dont Small-Company Stocks Beat Larger-Company Stocks? 148 30. What If You and Your Spouse Represent Different Nationalities? 150 31. Why Should I Rebalance My Portfolio? 151 32. What Are The Best ETFs To Buy? 152 33. Whats the Difference Between an Accumulating ETF and a Distributing ETF? 153 34. Should I Buy An ETF or Index That Pays High Dividends? 153 Chapter 8: Couch Potato Investing 157 Dont Bonds Tie You Down? 158 Are You Worried That Bond Interest Rates Are Low? 159 Where Do You Plan to Retire? 160 Are You Retiring in an Emerging-Market Country? 162 The Magic Of All-in-One Portfolio ETFs and Index Funds 162 Chapter 9: Model Portfolios for American Expats 167 Do You Currently Invest with Vanguard? 168 Couch Potato Investing with Vanguard 169 Simple Investing with a Vanguard Stick Shift 172 Vanguards Admiral Series Global Two-Fund Portfolio Solutions Socially Responsible Investing 174 Americans Using Interactive Brokers 176 ETF Portfolios with Interactive Brokers 176 Socially Responsible ETF Portfolios 176 Dont Contribute Illegally to Your IRA 176 What Exactly Is an IRA? 179 Could You Retire And Never Pay US Taxes Again? 180 Chapter 10: Portfolio Models for Canadian Expats 183 Socially Responsible Investing for Canadians 185 Swap-Based ETFs—The Ultimate Legal Tax Dodge 186 What About RRSPs, TFSAs and RESPs? 188 Childrens Education Savings Plans 189 Canadians In Europe 191 European Country Residents not Affected By This Rule 191 For Most Canadians Living In an EU Country 192 One Drawback To Non-Canadian Listed ETFs 193 Repatriation: If You Decide To Move Back 194 Chapter 11: Portfolio Models for British Expats 197 Are The Extra Commission Fees Worth It? 200 The Downside of Vanguards LifeStrategy Index Mutual Funds 203 Portfolios of Individual ETFs: For Walking British Buddhas 204 How Important Is UK Stock And Bond Market Exposure? 206 Socially Responsible Investing For British Expats 208 Are You Really Ready To Do This? 210 Chapter 12: Portfolio Models for Australian Expats 213 Socially Responsible Investing For Australians 214 What If You Dont Want High Exposure to Australian Shares? 217 The Repatriation Benefit of Aussie-listed Shares 218 Tax Laws: Created By The Rich For The Rich? 219 Now Look Deeply Into That Mirror 220 Chapter 13: Portfolio Models for Europeans and Other Nationalities 223 The Home Currency Bias 224 Investors Who Might Not Want Any Home Currency Exposure 226 Socially Responsible Investing 229 Chapter 14: Setting Your Bulls Eye 231 Whats a Better Definition of Wealth? 233 Whats This Ailment Expatitis? 233 Three Decades And Counting With The 4 Percent Rule 234 You and Your Money Can Both Last Longer 237 Part II Retirement or Semi-Retirement In A Low-Cost Country 239 This Personal Decision In Not For Everyone 240 When Its Not About The Money 241 Chapter 15: Retire A Decade Early In Latin America 245 Mexico: Hot Beaches, Cool Mountains And The Worlds Best Expat Social Scenes 246 Costa Rica: Happiest People, Best Wildlife And Environmental Leaders 252 Panama: Idyllic Islands, Popular Mountain Towns and Retirement Discounts Galore 256 Ecuador: Friendly People, Great Climate, And An Ultra-Low Cost Of Living 261 Chapter 16: Retire A Decade Early In Europe 267 Portugal: Crashing Surf, Gorgeous Scenery and Europes Best Weather 268 Home Sweet Home 270 From Canada to Portugal for an Easier Pace of Life 271 Spain: Spectacular Beach Walks and Skiing In The Same Day 274 Aerobatics Pilot Chooses To Fly 275 Couple Enjoys Life on Less Than 9000 a Year 275 If You Dont Have A Pension, How Much Money Would You Need? 277 Eastern Europe: The Worlds Best Low-Cost Secret 278 Climate and Safety 279 Why Georgias Becoming The New Hot Spot 280 Chapter 17: Retire A Decade Early In Southeast Asia 285 Retiring In Malaysia: Beauty In The Sun 286 Can You Handle The Heat? 286 Top Quality Medical 287 Retiring In Thailand: The Land of Smiles 289 Conclusion 295 Low-Cost Retirement Country Resources 297 Index 303 Details ISBN1119840104 Publisher John Wiley & Sons Inc ISBN-10 1119840104 ISBN-13 9781119840107 Edition 3rd Format Paperback Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Year 2022 Pages 336 Publication Date 2022-01-27 UK Release Date 2022-01-27 NZ Release Date 2022-01-18 Subtitle How To Build Wealth Living Overseas Author Andrew Hallam Edition Description 3rd edition Replaces 9781119411895 DEWEY 332.6 Audience Professional & Vocational US Release Date 2022-01-27 AU Release Date 2022-01-26 We've got this At The Nile, if you're looking for it, we've got it. 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