Rigged Money

Lee Munson 지음

Wiley 2011년 10월 31일 출간

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Today's financial landscape and what Wall Street doesn't want you to knowRigged Money 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the general public that investing across different asset classes is the only way to protect wealth, but this is an outdated rule that no longer applies.Since asset classesm-small caps, large caps, international investments, gold, and bondsm-now overlap when it comes to risk and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 knowm-that the rules of the game have changed.Risk Isn't Constant: Pie charts lie when it comes to accurately describing the risk of stocks and bondsDividends Are No Silver Bullet: They are designed to entice investors rather than to increase a company's value or your net worthBuy 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 todayGold Is Not an Investment: Gold is today's currency of fear, and this fear is driven by escalating government debtAn unflinching look at this new financial world, Lee Munson's Rigged Money arms today's investors with the simple, smart, and clear advice needed to level the playing field.

목차

Preface xiAcknowledgments xviiPART I Old School . . . of ThoughtChapter 1 Buy and Hope: The Scam? 3Blame the Dutch! 5All the Wrong Moves? 7Time Is Not on Your Side 14My Dinner with Burton 19Chapter 2 Lie of the Pie 23Today&-s Outrage: Pie Town 23The Original Pie Crust 26Breaking Eggs, Then the Entire Kitchen 29So, What Is Next? Risk Budgeting! 34PART II Wall Street: The Set UpChapter 3 Mayday 43How the SEC Let the Dogs In 43Mayday, We Have Soft Dollars! 45Soft Dollars 47Death of the Stockbrokers 49Short History of Advice 51Avoiding Fleas 55Chapter 4 Research by the Pound 57Research by the Pound 64The Report Trail 67Chapter 5 401(k): Gun to Your Head 71How We Became Traders 72The Mutual Fund Supermarket Is Born 76No Stockbroker Is an Island 80Chapter 6 Liquid Casino 87Liquidity Is God 87Why Dark Is In 94When the Lights Go Out 97PART III Surviving the Rigged GameChapter 7 How Wall Street Sees You 101Is That Really What You Want? 101Taking a Strong Opinion Too Far? 104Cramer Is Driving Me Crazy 106How a So- Called Pro Fools Himself 108Other Distorted Images 109Chapter 8 ETFs: Fact or Fiction? 113Selling the Sizzle 116Getting Down to Earth 118The Audit Part I: Sectors 119The Audit Part II: Grain Wars 122The Audit Part III: Junk Is Garbage 125The Final Audit: We Have a Winner! 127The Virus Goes Airborne 130Chapter 9 Gold Is Money 133Historical Use of Gold 137Gold Is Standardized 142Control versus Live Free or Die 144Brave New Non- Pegged World 146Chapter 10 Options: Really? 149Do You Want Them? 149Practical Strategies 151Chapter 11 Dividends: A Conundrum! 157The Pitch 158The Early Days 160Growth Breaks Out 164What&-s Next? 167Chapter 12 The New Scam 169How D

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저자(글) Lee Munson

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Lee Munson worked as a speculative traderduring 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 The Kudlow Report, he is a contributor for TheStreet.com and is quoted in numerous financial publications such as the Wall Street Journal, SmartMoney, and the Kiplinger Report.