Millionaire Teacher

The incredible story of how a schoolteacher built a million-dollar portfolio, and how you can too Most people wouldn't expect a schoolteacher to amass a million-dollar investment account. But Andrew Hallam did so, long before the typical retirement age. And now, with Millionaire Teacher, he wants to show you how to follow in his footsteps. With lively humor and the simple clarity you'd expect from a gifted educator, Hallam demonstrates how average people can build wealth in the stock market by shunning the investment products peddled by most financial advisors and avoiding the get-rich-quicker products concocted by an ever widening, self-serving industry. Using low cost index funds, coupled with a philosophy in line with the one that made Warren Buffett a multi-billionaire, Hallam guides readers to understand how the stock and bond markets really work, arming you with a psychological advantage for when markets fall. Shows why young investors should hope for stock market crashes if they want to get rich Explains how you can spend just 60 minutes a year on your investments, never open a financial paper, avoid investment news, and still leave most professional investors in the dust * Promotes a unique new investment methodology that combines low cost index funds and a Warren Buffett-esque investment philosophy Millionaire Teacher explains how any middle-income individual can learn can learn the ABCs of personal finance and become a multi-millionaire, from a schoolteacher who has been there and done that.

Auteur
Andrew Hallam is a high school teacher at an Americaninternational school who built a million dollar investmentportfolio on a teacher's salary. He has been writing personalfinance articles since 2002, and he has been nominated a finalistfor two National publishing awards. His work has appeared inMoneySense magazine, L'Actualite andReader's Digest.He has also been profiled in The Globe and Mail,for his nine rules of wealth, and in The Wall StreetJournal- with a quirky plea to sleep in Warren Buffet'sgarage.Motivated to protect his friends and colleagues from theconflicts of interest running rampant in the financial serviceindustry, Andrew started delivering investment seminars in 2006,showing how people can easily beat the investment returns providedby the vast number of financial advisors.Currently, Andrew lives in Singapore with his wife, Pele.Together, they traveling, adventuring outdoors and savoringlife.

Texte du rabat

Andrew Hallam has distilled the timeless lessons for investing into nine easy to understand and easy to follow rules. The newbie investor will not find a better guide than Millionaire Teacher.

• Burton G. Malkiel, Author, A Random Walk Down Wall Street 10th Edition

  This is a great book. If there was a course called Life 101, this book would be its primary reading. It's as easy to read as Tobias, Bernstein, or Solin, but it starts from Ground zero and walks you quickly to the true keys to personal finance and investing. It's what you need to know, told with humor, in a way you can understand.

• Scott Burns, Chief Investment Strategist, AssetBuilder, Inc.
  Personal Finance Columnist, Universal Press Syndicate

  Put away your checkbook. Instead give this book to every young person and you will be gifting them a lifetime of financial independence and success.

• Robert P. Miles, Author, Warren Buffett Wealth

  If you buy just one book this year, this is it. Studies warn that too many investors are financially illiterate today. Millionaire Teacher will educate and inspire a whole new generation of savvy investors who think themselves, regularly beat The Street and will retire successfully.

• Paul B Farrell, JD, PhD, Author, The Millionaire Code, The Winning Portfolio and The Lazy Person's Guide to Investing

Do you spend too much and save too little? Do you wonder why your investments always seem to roll behind the eight ball? In clear, compelling, and highly entertaining prose Andrew Hallam will explain to you exactly why, and what to do about it. And if you're a non-US resident, there's an added bonus: strategies for long-suffering Canadian, Australian, and Singaporean investors that can easily be applied to other nationalities as well.

• William Bernstein, Author, The Investor's Manifesto and The Four Pillars of Investing

Contenu
Acknowledgments xiiiForeword xvIntroduction xixRULE 1 Spend Like You Want to Grow Rich 1The Hippocratic Rule of Wealth 2Can You See the Road When You're Driving? 6One of the Savviest Guys I Ever Met--And His View on BuyingCars 8Careful Home Purchases 11Millionaire Handouts 13How Did I Become a Millionaire? 14Looking to the Future 17RULE 2 Use the Greatest Investment Ally You Have 19Compound Interest--The World's Most PowerfulFinancial Concept 21The Bohemian Millionaire--The Best of Historical-BasedFiction 23Gifting Money to Yourself 26When You Defi nitely Shouldn't Invest 28How and Why Stocks Rise in Value 28RULE 3 Small Percentages Pack Big Punches 33With Training, the Average Fifth Grader Can Take on Wall Street34Financial Experts Backing the Irrefutable 35What Causes Experts to Shake Their Heads 38When the Best Funds Turn Malignant 41Reality Check 46Who's Arguing against Indexes? 55RULE 4 Conquer the Enemy in the Mirror 61When a 10 Percent Gain Isn't a 10 Percent Gain 61It's Not Timing the Market that Matters; It's Timein the Market 64On Stocks . . . What You Really Should Have Learned in School67Internet Madness and the Damage It Caused 72Taking Advantage of Fear and Greed 75Opportunities after Chaos 78RULE 5 Build Mountains of Money with a Responsible Portfolio85What Are Bonds? 86Profi ting from Panic-- Stock Market Crash 2008-200990Having a Foreign Affair 92Introducing the Couch Potato Portfolio 94Combinations of Stocks and Bonds Can Have Powerful Returns97RULE 6 Sample a "Round-the-World" Ticket toIndexing 101Indexing in the United States--An American Father ofTriplets 101Indexing In Canada-- A Landscaper Wins by Pruning Costs108Indexing in Singapore-- A Couple Builds a Tiger'sPortfolio in the Lion City 114Indexing in Australia-- Winning with an American Weapon119The Next Step 121RULE 7 Peek Inside A Pilferer's Playbook 125How Will Most Financial Advisers Fight You? 125The Totem Pole View 132Is Government Action Required? 134RULE 8 Avoid Seduction 139Confession Time 139Investment Newsletters and Their Track Records 143High-Yielding Bonds Called "Junk" 147Fast-Growing Markets Can Make Bad Investments 147Gold Isn't an Investment 149What You Need to Know about Investment Magazines 150Hedge Funds-- The Rich Stealing from the Rich 153RULE 9 The 10% Stock-Picking Solution . . . If You ReallyCan't Help Yourself 157Using Warren Buffett 158Commit to the Stocks You Buy 159Stocks with Staying Power 164Selling Stocks 174The Nine Rules of Wealth Checklist 179Index 181