+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Millionaire Teacher. The Nine Rules of Wealth You Should Have Learned in School. 2nd Edition

  • ID: 3900716
  • Book
  • 252 Pages
  • John Wiley and Sons Ltd
1 of 4

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

Note: Product cover images may vary from those shown
2 of 4
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

Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
Andrew Hallam
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Order Online - visit: https://www.researchandmarkets.com/reports/3900716
Adroll
adroll