Details

Rigged Money


Rigged Money

Beating Wall Street at Its Own Game
1. Aufl.

von: Lee Munson

19,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 31.10.2011
ISBN/EAN: 9781118171127
Sprache: englisch
Anzahl Seiten: 224

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Beschreibungen

<b>Today's financial landscape and what Wall Street doesn't want you to know</b> <p><i>Rigged Money</i> is based on one simple truth: Wall Street needs money from Main Street, not the other way around. The financial industry has convinced the general public that investing across different asset classes is the only way to protect wealth, but this is an outdated rule that no longer applies.</p> <p>Since asset classes—small caps, large caps, international investments, gold, and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone. That's exactly what Wall Street doesn't want you to know—that the rules of the game have changed.</p> <ul> <li>Risk Isn't Constant: Pie charts lie when it comes to accurately describing the risk of stocks and bonds</li> <li>Dividends Are No Silver Bullet: They are designed to entice investors rather than to increase a company's value or your net worth</li> <li>Buy and Hold is Dead: The financial world (and all the companies and securities in it) moves too quickly and is changing too often for this theory to hold true today</li> <li>Gold Is Not an Investment: Gold is today's currency of fear, and this fear is driven by escalating government debt</li> </ul> <p>An unflinching look at this new financial world, Lee Munson's <i>Rigged Money</i> arms today's investors with the simple, smart, and clear advice needed to level the playing field.</p>
<b>Preface xi</b> <p><b>Acknowledgments xvii</b></p> <p><b>Part I Old School . . . of Thought</b></p> <p><b>Chapter 1 Buy and Hope: The Scam? 3</b></p> <p>Blame the Dutch! 5</p> <p>All the Wrong Moves? 7</p> <p>Time Is Not on Your Side 14</p> <p>My Dinner with Burton 19</p> <p><b>Chapter 2 Lie of the Pie 23</b></p> <p>Today’s Outrage: Pie Town 23</p> <p>The Original Pie Crust 26</p> <p>Breaking Eggs, Then the Entire Kitchen 29</p> <p>So, What Is Next? Risk Budgeting! 34</p> <p><b>Part II Wall Street: The Set Up</b></p> <p><b>Chapter 3 Mayday 43</b></p> <p>How the SEC Let the Dogs In 43</p> <p>Mayday, We Have Soft Dollars! 45</p> <p>Soft Dollars 47</p> <p>Death of the Stockbrokers 49</p> <p>Short History of Advice 51</p> <p>Avoiding Fleas 55</p> <p><b>Chapter 4 Research by the Pound 57</b></p> <p>Research by the Pound 64</p> <p>The Report Trail 67</p> <p><b>Chapter 5 401(k): Gun to Your Head 71</b></p> <p>How We Became Traders 72</p> <p>The Mutual Fund Supermarket Is Born 76</p> <p>No Stockbroker Is an Island 80</p> <p><b>Chapter 6 Liquid Casino 87</b></p> <p>Liquidity Is God 87</p> <p>Why Dark Is In 94</p> <p>When the Lights Go Out 97</p> <p><b>Part III Surviving the Rigged Game</b></p> <p><b>Chapter 7 How Wall Street Sees You 101</b></p> <p>Is That Really What You Want? 101</p> <p>Taking a Strong Opinion Too Far? 104</p> <p>Cramer Is Driving Me Crazy 106</p> <p>How a So- Called Pro Fools Himself 108</p> <p>Other Distorted Images 109</p> <p><b>Chapter 8 ETFs: Fact or Fiction? 113</b></p> <p>Selling the Sizzle 116</p> <p>Getting Down to Earth 118</p> <p>The Audit Part I: Sectors 119</p> <p>The Audit Part II: Grain Wars 122</p> <p>The Audit Part III: Junk Is Garbage 125</p> <p>The Final Audit: We Have a Winner! 127</p> <p>The Virus Goes Airborne 130</p> <p><b>Chapter 9 Gold Is Money 133</b></p> <p>Historical Use of Gold 137</p> <p>Gold Is Standardized 142</p> <p>Control versus Live Free or Die 144</p> <p>Brave New Non- Pegged World 146</p> <p><b>Chapter 10 Options: <i>Really?</i> 149</b></p> <p>Do You Want Them? 149</p> <p>Practical Strategies 151</p> <p><b>Chapter 11 Dividends: A Conundrum! 157</b></p> <p>The Pitch 158</p> <p>The Early Days 160</p> <p>Growth Breaks Out 164</p> <p>What’s Next? 167</p> <p><b>Chapter 12 The New Scam 169</b></p> <p>How Did We Get Here? 170</p> <p>History Repeats Itself 173</p> <p>Further Down the Rabbit Hole 179</p> <p>Credit Unions 185</p> <p>Corporate Credit Unions 188</p> <p>Afterword 191</p> <p>Notes 193</p> <p>About the Author 197</p> <p>Index 199</p>
<p><b>LEE MUNSON</b> worked as a speculative tradervduring the dot-com boom and bust until he had an epiphany and began to question everything about his approach to investments. Realizing that Wall Street is a game that isn’t always played to give investors a fair chance at winning, Munson went on to form an asset management firm, Portfolio LLC, in New Mexico that is ranked as one of the fastest growing firms in the country. A frequent guest on CNBC’s <i>The Kudlow Report</i>, he is a contributor for TheStreet.com and is quoted in numerous financial publications such as the <i>Wall Street Journal, SmartMoney,</i> and the <i>Kiplinger Report</i>.
<p>To understand the economy you have to understand one simple, but unspoken, truth: Wall Street needs money from Main Street, not the other way around. Keeping this secret from the public has been an essential part of the development of the American economy for over four hundred years, but now that you know it—and with advice from Wall Street insider-turned-realist Lee Munson—you have the power to protect yourself and your money. <p><i>Rigged Money: Beating Wall Street at Its Own Game</i> explains in detail how the financial industry has systematically worked to convince the public that investing across different asset classes is the only way to protect wealth. At one point this was probably sage advice, but today it’s an outdated rule more likely to bring disaster than success. Since asset classes—from small caps and international stocks to gold and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone, and with it, any reason for spreading your money around. It’s this change in the financial landscape, and the rules of the game, that Wall Street doesn’t want you to know about, and that this book discusses. <p>Revealing the truth about the system while arming you with the simple, smart, and clear advice that you need to go head-to-head with the financial giants, <i>Rigged Money</i> provides advice to investors on what Wall Street is doing behind your back and how you can use the same techniques and knowledge to level the playing field.

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