A practical guide to adapting financial advice and investing to a post crisis worldÂ
There's no room for "business as usual" in today's investment management environment. Following the recent financial crisis, both retail and institutional investors are searching for new ways to oversee investment portfolios.Â How do you combine growth Â with a focus on wealth preservation? This book offers you a fresh perspective on the changes in tools and strategies needed to effectively achieve this goal.
Financial Advice and Investment Decisions provides today's investment professionals with the conceptual framework and practical tools they need to successfully invest in and manage an investment portfolio with wealth preservation as a key concern. While there are many qualitative discussions, the authors present strong quantitative theory and practice in the form of small conceptual models, simulation, and empirical research.Â
The recent financial crisis has opened our eyes to the need for improving the way we invest.Â This book will put you in a better position to excel in this new economic environment.
Never Fall Victim to Wall Street Again
Recently, most people have been victimized by the revenue generating machine that is Wall Street. The truth is, Wall Street only cares about making the most revenue they can from you.
You will learn:
The 20%/65% rule of investing in both bear and bull markets.
When and why to move your investments to cash.
Why agency relationships and suitability are a far cry from fiduciary responsibility.
How to convert your IRA to a tax-free Roth IRA using either a Home Equity Line of Credit, a Reverse Mortgage, or a Real Estate Option.
A way to pay off your 30-year mortgage in ten or eleven years.
How you can get rid of credit card debt in months, not years.
Why segmenting your money and using principal for income may put you in a lower tax bracket.
How to do a background check on your financial advisor annually.
What to look out for in regard to outlandish performance claims by financial advisors.
The strategies presented herein will teach you how to have a consistent process and a plan for your success. You will never again fall victim to Wall Street's shenanigans.
Stories, wisdom and financial tips from a man who's been around longer than TV, chocolate-chip cookies and ballpoint pens. As a child during the Great Depression, author Steve Mucha learned how his parents turned hard times into good times. As a father and businessman, he learned the necessity of financial planning and secrets of selling things. His memoir, "Advice From a 90-Year-Old Man," though, is about much more than money. It's about a plunge on a sled into a frozen lake. A mother's kindness to folks near and far. Catching 100 fish in a single day. A brother's heroism at Pearl Harbor. Fillings picking up radio stations. The joys of family, sports, music and much more. Readers will find lots of answers: What are some secrets to a thriving marriage? What's an easy way to cut your golf score without cheating? What's it like being very, very old? "Advice From a 90-Year-Old Man" is one man's sharing of simple but important lessons, expressed with humor, and including some good, clean jokes.
This book is a re-publication of a blog I started in the depths of the Great Recession in March 2011. During that time, as I agonized over investing, saving and potential job loss, I developed an investment philosophy I dubbed the "Financial Fortress" and wrote a series of posts about it along with other posts about specific asset classes, investment strategies and related topics. My two biggest successes have been in real estate and precious metals. During the Great Recession, I made some aggressive moves, using retirement savings, to purchase distressed condominiums in Orange County, California. In addition to enjoying positive cash flow while I owned the properties, I have just completed one sale and have a second one in escrow, doubling my money in five years. I also made an aggressive move into silver (US Silver Eagle coins) to watch them triple in value, at which time I sold individual rolls on EBay and kept the rest for future appreciation.The essence of the Financial Fortress is that as savers and investors, we need to first have a strong defense before we can have a strong offense. As volatility in world markets seems to worsen each year and booms/busts become more intense, preservation of capital is paramount but so is finding opportunities to leverage what we have in order to grow our wealth.
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