I was speaking to roughly 500 high school students in Singapore last week. The students represented about 50 different nationalities. Many were American. At one point, I asked them to call out brand names that they thought most millionaires are attracted to. They hollered out names like Rolex, Gucci, Porsche, Ferrari, Prada, and Louis Vuitton.
I took a year off work in 2003. I bought a 15 year-old Toyota van and drove it down to Mexico. It didn’t have a sink, a bed or a fridge. I cooked on a portable propane stove. When nature called, I used a shovel.
In this article, Andrew Hallam describes how Muslims can build a winning portfolio that aligns with Shariah law. This story, however, isn’t just for Muslims. It reveals the universal benefits of low-cost investing and diversification. It also answers a question that would fool most investors: “What’s more volatile, gold or stocks? The answer might surprise you.