Details

Millionaire Teacher

The Nine Rules of Wealth You Should Have Learned in School
2. Aufl.

von: Andrew Hallam
16,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	28.11.2016
ISBN/EAN:	9781119356318
Sprache:	englisch
Anzahl Seiten:	256

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Beschreibungen

Titelbeschreibung

Adopt the investment strategy that turned a school teacher into a millionaire Millionaire Teacher shows you how to achieve financial independence through smart investing — without being a financial wizard. Author Andrew Hallam was a high school English teacher. He became a debt-free millionaire by following a few simple rules. In this book, he teaches you the financial fundamentals you need to follow in his tracks. You can spend just an hour per year on your investments, never think about the stock market's direction — and still beat most professional investors. It's not about get-rich-quick schemes or trendy investment products peddled by an ever-widening, self-serving industry; it's about your money and your future. This new second edition features updated discussion on passive investing, studies on dollar cost averaging versus lump sum investing, and a detailed segment on RoboAdvisors for Americans, Canadians, Australians, Singaporeans and British investors. Financial literacy is rarely taught in schools. Were you shortchanged by your education system? This book is your solution, teaching you the ABCs of finance to help you build wealth. <ul> <li>Gain the financial literacy to make smart investment decisions</li> <li>Learn why you should invest in index funds</li> <li>Find out how to find the right kind of financial advisor</li> <li>Avoid scams and flash-in-the-pan trends</li> </ul> Millionaire Teacher shows how to build a strong financial future today.

Inhaltsverzeichnis

Acknowledgments xiii Introduction 1 Rule 1 Spend Like You Want to Grow Rich 5 The Hippocratic Rule of Wealth 6 Can You See the Road When You’re Driving? 10 One of the Savviest Guys I Ever Met—And His View on Buying Cars 13 Careful Home Purchases 19 Millionaire Handouts 20 How Did I Become a Millionaire? 21 Looking to the Future 24 Rule 2 Use the Greatest Investment Ally You Have 27 Compound Interest—The World’s Most Powerful Financial Concept 29 The Bohemian Millionaire—The Best of Historical-Based Fiction 31 Gifting Money to Yourself 34 When You Definitely Shouldn’t Invest 36 How and Why Stocks Rise in Value 36 Rule 3 Small Fees Pack Big Punches 43 With Training, the Average Fifth Grader Can Take on Wall Street 44 Financial Experts Backing the Irrefutable 45 What Causes Experts to Shake Their Heads 49 When the Best Funds Turn Malignant 51 Reality Check 58 When Best Mutual Fund Lists Can Strip You Naked 61 What’s Under the Hood of an Index Fund? 69 Captain America Calls for Government Action 70 Who’s Arguing against Indexes? 72 Rule 4 Conquer the Enemy in the Mirror 81 When a 10 Percent Gain Isn’t a 10 Percent Gain 81 Are Index Fund Investors Smarter? 86 It’s Not Timing the Market That Matters; It’s Time in the Market 88 On Stocks . . . What You Really Should Have Learned in School 90 Internet Madness and the Damage It Caused 96 Taking Advantage of Fear and Greed 99 Young People Should Salivate When Stocks Sputter 101 Opportunities after Chaos 103 Rule 5 Build Mountains of Money with a Responsible Portfolio 111 What Are Bonds? 112 Profiting from Panic—Stock Market Crash, 2008–2009 116 Having a Foreign Affair 118 Introducing the Couch Potato Portfolio 120 Combinations of Stocks and Bonds Can Have Powerful Returns 123 Rule 6 Sample a “Round-the-World” Ticket to Indexing 129 What’s the Difference between an Index Fund and an ETF? 129 Indexing in the United States—An American Father of Triplets 135 Indexing in Canada 142 A Canadian Couch Potato Strips Down Costs 145 Indexing in Great Britain 148 Indexing in Australia—Winning with an American Weapon 151 Indexing in Singapore 153 The Next Step 157 Rule 7 No, You Don’t Have to Invest on Your Own 161 Are You Wired Like a Buddha? 162 How Does the Average Index Investor Underperform the Index? 163 Intelligent Investing for Americans 165 Intelligent Investing Firms for Canadians 172 Intelligent Investing Firms for British Investors 179 Intelligent Investing Firms for Australians 183 Intelligent Investment Firms in Singapore 185 Don’t Ask about Another Lover 186 Rule 8 Peek inside a Pilferer’s Playbook 189 How Will Most Financial Advisers Fight You? 189 The Totem Pole View 197 Is Government Action Required? 200 Rule 9 Avoid Seduction 205 Confession Time 205 Investment Newsletters and Their Track Records 210 High-Yielding Bonds Called “Junk” 213 Fast-Growing Markets Can Make Bad Investments 214 Gold Isn’t an Investment 216 What You Need to Know about Investment Magazines 216 Hedge Funds—The Rich Stealing from the Rich 219 Don’t Buy a Currency-Hedged Stock Market ETF 223 Beware of the Smart Beta Promise 225 Don’t Jump Heavily into Small-Cap Stocks 226 Conclusion 231 About the Author 233 Index 235

Autorenportrait

Andrew Hallam built a debt-free, million dollar portfolio on a middle class salary before he was forty years old. He has shared his simple, evidence-based investment strategies on CNBC, in MoneySense magazine and with his columns in The Globe and Mail and Canadian Business magazine. He also writes a column for AssetBuilder, an online US-based investment firm. He and his wife are digital nomads. They travel the globe to explore new places. They often couple their adventures with talks around the world, inspiring others to effectively manage their money. Join the conversation and gain continued financial insight on his blog at www.andrewhallam.com.

Back cover copy

Praise for Millionaire Teacher "Contrary to financial services industry mythology, saving and investing for your future doesn't have to be difficult. You'll learn just how easy it can be in Andrew Hallam's Millionaire Teacher, Second Edition. With nine simple rules, he gives you easy, step-by-step instructions. Follow them and you'll be on your way to a successful (and possibly early) retirement." — Scott Burns, US Syndicated Finance Columnist "In the second edition of Millionaire Teacher, Andrew Hallam shows how the son of a mechanic who became a high school teacher could become a financially independent millionaire by following a few simple, albeit difficult to follow, common sense rules. If more young people followed his advice, it would be a richer, more stable world." — Michael O'Higgins, author of Beating the Dow, Beating The Dow With Bonds, O'Higgins Asset Management, Inc. "Andrew Hallam's Millionaire Teacher, Second Edition. is full of wisdom and wit—a combination that makes the book an easy read. This is not another writer's set of opinions, this is an evidence-based project and draws on the wisdom of many Nobel Laureate winners. Their work is translated and distilled into easily understandable chapters. The basic principles espoused in the book should be required educative reading for every investor." — Ben Sherwood, director for and on behalf of Satis Asset Management Ltd, principal, Hillier Hopkins LLP "There are lots of books on personal finance but blessed few that discuss the topic with wit and even fewer that do so with soul. Andrew Hallam's second edition of Millionaire Teacher is to my mind the best. Read it. You'll be entertained. You'll also be richer in every sense." — Ian McGugan, The Globe and Mail "Andrew is a rare breed. He makes complex financial topics easy to understand for the masses, but his in-depth knowledge also ensures that even the most well-versed can learn a thing or two. Whether you're a millennial, approaching retirement, or already retired, his second edition of Millionaire Teacher is a must-read for anyone looking to take control of their finances." — Jason Heath, CFP, Fee-Only Financial Planner, Financial Post and MoneySense columnist