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9780967294308

Serious Money : Straight Talk about Investing for Retirement

by ;
  • ISBN13:

    9780967294308

  • ISBN10:

    0967294304

  • Format: Hardcover
  • Copyright: 2000-03-01
  • Publisher: Portfolio Solutions
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List Price: $26.95

Summary

Does your stockbroker look out for your best interest?

Not likely, says author Rick Ferri. In his hard-hitting books, Ferri reveals Wall Streets darkest secret: most stockbrokers and financial advisors are not investment wizards out to make you rich, but rather peddlers of expensive investment products designed to make money from you, not for you. Ferri exposes the dubious sales practices of brokers and other financial consultants and explains why many of their recommendations are doomed to fail. He then provides clear and useful advice that readers can use to turn what they earn into a secure financial future.

Table of Contents

Dedication v
A Note from the Author ix
Introduction 1(8)
The Importance of Saving for Retirement
9(8)
PART I The Performance Gap
Investor Results: Perception versus Reality
17(10)
Measuring the Performance Gap
27(10)
The High Cost of Low Returns
37(13)
Market Timing Myths
50(17)
Chasing the Hot Dot
67(13)
PART II Investment Experts and Other Barriers to Success
Mass Market Investment Advice: A Recipe for Mediocrity
80(9)
The Myth of Investment Experts
89(12)
The Persuasive Power of the Press
101(18)
Mutual Fund Follies
119(11)
PART III Closing the Performance Gap
Solutions & Expectations
130(8)
Investing in the Stock Market
138(9)
Investing in the Bond Market
147(46)
Financial Goals and Asset Allocation
159(22)
Putting it All Together
181(12)
Appendix 1 Calculating Your Investment Performance 193(5)
Appendix II Stock Picking as a Hobby 198(5)
Appendix III Beware of Brokers Bearing Asset Allocation Advice 203(5)
Index 208

Supplemental Materials

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