A Consumer's Guide to Harmful Investment Products

A Consumer's Guide to Harmful Investment Products

by Arthur Ernst
A Consumer's Guide to Harmful Investment Products

A Consumer's Guide to Harmful Investment Products

by Arthur Ernst

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Overview

Wall Street rips off investors in ways newspapers don't report. Crimes get headlines, but the amount stolen by Madoff and other crooks is a tiny fraction of the amount siphoned from investors through excessive fees, misrepresentation, and inappropriate risk.
A Consumer's Guide to Harmful Investment Products exposes these legal rip-offs. One by one, harmful products and tactics are discussed. The damage is clearly illustrated. Gainful substitutes are presented. You can read the whole book for long-term protection or just navigate to the chapters that pertain to you and quickly know how you can vastly improve your finances.
Do you own or are considering alternative securities, annuities, asset allocation funds, bear market funds, bond funds, currency funds, exchange traded funds not indexed to stocks, futures, gold, hedge funds, IPOs, loaded A-share funds, B-share funds, C-share funds, managed mutual funds, master limited partnerships, options, private placements, target date funds, or wrap accounts?
Do you invest based on your age, or back-testing, or chasing winners, or reading charts, or by trying to time the markets?
If you answer yes to any of the above, or you are not confident that you are well invested or even well-served by your current advisor, you can profit dramatically and save much time and worry.
Discover if you have harmful products or habits.
Learn how to shed and/or avoid them.
Invest for maximum expected gain at least cost.
See easy, effective ways to better achieve your goals.

Product Details

BN ID: 2940161657089
Publisher: Fiduciary Press LLC
Publication date: 10/06/2018
Sold by: Barnes & Noble
Format: eBook
File size: 3 MB

About the Author

Art Ernst has been analyzing financial products for almost four decades. He has been writing about them for about three decades.
Art earned his M.B.A. at the Wharton Graduate School of Business in 1984 and was the 1981 recipient of the Eugene E. Agger Memorial Award as the top economics graduate at Rutgers College. He began his career on Wall Street directing projects involved with every phase of development of financial products including funds, annuities, loans and retirement plans. Since 1984 he has managed portfolios for individuals and institutions including mutual funds, insurance companies and foundations.
When Art’s children were young he formed an independent consultancy to manage affairs in a family-friendly manner. During this period, he shopped for financial services as a regular consumer. This new perspective changed everything. He resolved to address the sales gimmicks, excessive fees, imprudence, and scams he encountered as a ‘retail’ financial customer.
Additional to his service on behalf of investment management and financial planning clients, Art has written educational pieces to help the public at large avoid common wealth-harming Wall Street tactics. His articles have been published in several journals, magazines and newspapers. He is the author of “The Final Rip-Off: Reverse Mortgages”.
A Registered Investment Advisor first licensed in 1982, Art is a portfolio manager and the Chief Operating Officer at Byrne Asset Management LLC in Princeton, New Jersey.
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