Book description
Recognize Wall Street tactics for what they are, and make smarter decisions with your moneyWall Street Potholes shares insights into the money management industry, revealing the shady practices that benefit the salesman far more than the client. Bestselling author Simon Lack brings together a team of experienced money managers to give you straight-from-the-source intel, and teach you how to recognize bad advice and when it's better to just walk away. Investors are rightly suspicious that many products are sold more because of the fees they generate than their appropriateness to the client's situation, and that's only the beginning. This book lays it all bare so you can walk into your next deal with your eyes wide open. You'll learn just how big the profit margin is on different products, and why Wall Street intentionally makes things as complicated as possible. You'll learn expert tactics for combatting these practices, so you can avoid buying overpriced products and confidently discriminate against advisors who put their own interests first.
For all the volumes of investment advice on the market, dissatisfaction with the financial services industry has never been higher. This book describes the reason for that disconnect, and tells you how to see through the smoke and mirrors to make the best decisions for your money.
- Discover the profit margin built into some popular products
- Learn the reason behind bundling and why Wall Street fears comparison shopping
- Consider the importance of benchmarking, and why so many firms avoid it
- Become better informed so you can easily recognize poor investment advice
If asking questions of your financial advisor only nets more confusion, if you want to have more control over your money, you need a firm grasp of how these firms manipulate your trust. Wall Street Potholes tells you what you need to know to become a smarter investor.
Table of contents
- Title Page
- Copyright
- Dedication
- Preface
- Acknowledgments
- Chapter 1: Non-traded REITs: A Security That Shouldn't Exist
- Chapter 2: Why Investors Pay Too Much for Yield
- Chapter 3: Why Structured Notes Are Rarely the Best Choice
- Chapter 4: Update to The Hedge Fund Mirage
- Chapter 5: Why Is Wall Street So Inefficient?
- Chapter 6: The Un-Portfolio and Better Portfolio Management Techniques
-
Chapter 7: Annuities
- Introduction
- What Is an Annuity?
- What Are the Different Types of Annuities?
- Variable Annuities
- Associated Risks
- Other Risks Are Lack of Flexibility
- Variable Annuity Riders
- Illiquidity, or the Lack of Being Able to Get to Your Money
- Evaluation of Returns: Investment Options inside of Variable Annuities
- Fee and Charges
- Options If You Already Own an Annuity
- When Should You Consider Using an Annuity?
- Recent Developments with Annuities
- Savings Bonds: Little-Known Good Deal
- Chapter 8: Is the Most Important Professional in Your Life Even a Professional?
- Chapter 9: Putting Investors First
- About the Contributors
- About the Author
- Bibliography
- Index
- End User License Agreement
Product information
- Title: Wall Street Potholes
- Author(s):
- Release date: November 2015
- Publisher(s): Wiley
- ISBN: 9781119093275
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