Millionaire teacher: the nine rules of wealth you should have learned in school

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