The Source Of Wealth

by Cunnane, Patrick F.

• ISBN13: 9780975326701
• ISBN10: 0975326708
• Format: Paperback
• Copyright: 2004-11-29
• Publisher: Cunnane Pub

Summary

After meeting with thousands of 401(k) participants, the author discovered a common theme of misunderstanding regarding how wealth is created. This misunderstanding is the barrier blocking the average investor from creating retirement wealth. The Source of Wealth helps explain to the average investor how the financial system creates wealth. Wealth is not gold, oil, money, or government. The only source of wealth is corporate profits. Investor success comes from knowledge, understanding, and patience.

Author Biography

F. Patrick Cunnane has been a corporate retirement consultant since 1986. He is a member of Investment Management Consultants Association as a certified investment manager analyst through the University of Pennsylvania and is a member of the editorial board for the association.

Table of Contents

Life as a Pension Consultant	1	(3)
The Law of the Land	3	(8)
Introduction to the Planet Corn and the Hunting Village	11	(1)
The Planet Corn	12	(7)
The Planet Forest	19	(3)
The Modern Corporation	22	(4)
The Role of Government	26	(2)
One Choice	28	(2)
Stocks, Bonds, and Money	30	(4)
The Gross Domestic Product and Stocks	34	(5)
What Are the Risks of Stocks, Bonds, Money Markets, and Currency?	39	(6)
Time	45	(3)
Risk, Volatility, Zigzag, and Standard Deviation	48	(5)
Reducing Risk through Mixing Assets	53	(3)
Investment Categories	56	(2)
The Miracle of Mixing	58	(3)
Don't Buy and Sell	61	(5)
Index	66	(3)
An Index Used as an Investment Rather than a Measuring Tool	69	(11)
Taxes	80	(5)
Taxes in the Modern World	85	(3)
Inflation	88	(12)
Supply and Demand	100	(3)
Real World Investment Choices	103	(14)
What Makes Us Richer and What Makes Us Poorer	117	(10)
Pretendism	127	(1)
Prague, Czechoslovakia	128	(3)
Index	131