Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

And welcome to this week's episode of the Money Tree Investing Podcast.

Our guest today is Andrew Hallam.

He is the millionaire teacher, but he also has a new book out.

It's called The Global Expatriots Guide to Investing.

So we are going to talk to him a little bit.

He has some different portfolios he talks about in this book.

But today we are going

to discuss the permanent portfolio and how you can use that to become a global investor.

Welcome to the show, Andrew. How are you? Well, thanks, Miranda. Yourself? Great. So let's get,

let's get into this. So in your book, you talk about this portfolio called

the permanent portfolio. So what is this portfolio and what are some of the underlying

principles of the permanent portfolio? Well, I think it was created by a guy named Harry Brown.

He was an investment writer. And what

he found was that people tend to get very emotional about their investments, obviously,

because at times when we have bull markets, investment accounts soar, and at times when

we have bear markets, investment accounts drop. And what people often end up doing it is they end up doing the opposite of what they should.

They often buy high and they sell low.

The investment mantra really is to buy low and sell high, but we have such a tough time doing it.

Because when the markets are soaring, usually that's

coupled with good economic news. It's often coupled with headlines talking about prosperity,

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