Disclaimer: I was sent a free copy of this book by Andrew Hallam, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat in exchange for reviewing it on this blog.
Overall, I really enjoyed it and would recommend it to any expat looking to get into the investing arena and do it right the first time, instead of through trial and error and losing a lot of money in the process. I even learned a few things, which I’ll be posting about in more detail later.
Things I liked:
-he discourages things I also dislike such as pension funds and mutual funds. They’re total rip-offs and just line the pockets of the managers of them.
-he likes the couch potato style of investing by using ETF’s, which if I could go back in time, I’d probably have done instead of my individual stock portfolio.
-he is very specific in his advice about which brokerages to use, where to go for investing advice and which ETF’s to buy.
-there’s a section for each country so you can get advice specific to your own situation. This is quite rare in books of this sort and perhaps worth buying it just for that.
Things I didn’t like:
-there are just too many examples of expats and what they did with their money and it was kind of information overload. I would have appreciated maybe 3 generic examples, from someone in their 20’s/30’s, 40’s/50, 60+.
-similar to #1, there are just too many recommendations for varying portfolios. Like I think the Canadian section had 5 or 6 (or even more) recommendations for where to invest. Perhaps a more conservative one and then a less conservative one would have sufficed.
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