LEADER 06616nam 2200733 450 001 9910808560403321 005 20230912142334.0 010 $a1-119-09325-2 010 $a1-119-09329-5 010 $a1-119-09330-9 035 $a(CKB)3710000000492872 035 $a(EBL)4094467 035 $a(SSID)ssj0001571678 035 $a(PQKBManifestationID)16220740 035 $a(PQKBTitleCode)TC0001571678 035 $a(PQKBWorkID)13629956 035 $a(PQKB)10420400 035 $a(PQKBManifestationID)15260193 035 $a(PQKBWorkID)14269729 035 $a(PQKB)22924516 035 $a(DLC) 2015031131 035 $a(Au-PeEL)EBL4094467 035 $a(CaPaEBR)ebr11119450 035 $a(OCoLC)933401318 035 $a(CaSebORM)9781119093275 035 $a(MiAaPQ)EBC4094467 035 $a(MiAaPQ)EBC4444934 035 $a(EXLCZ)993710000000492872 100 $a20151214h20162016 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWall Street potholes $einsights from top money managers on avoiding dangerous products /$fSimon Lack 205 $a1st edition 210 1$aHoboken, New Jersey :$cWiley,$d2016. 210 4$dİ2016 215 $a1 online resource (258 p.) 300 $aDescription based upon print version of record. 311 $a1-119-09327-9 320 $aIncludes bibliographical references and index. 327 $aCover ; Title Page ; Copyright ; Contents ; Preface ; Acknowledgments ; Chapter 1 Non-traded REITs: A Security That Shouldn't Exist ; Poor Advice ; Why Not Get a Listing? ; Disingenuous Advice ; Whose Side Is Your Financial Advisor On? ; Where Are the Regulators? 327 $aOverall Returns Are Poor The Importance of Benchmarking ; Puts and Calls ; Financial Advisors Need to Do Better ; Chapter 2 Why Investors Pay Too Much for Yield ; The Mysteries of Closed-End Funds ; Investors Can Overpay to Simplify Their Taxes ; The HFT Tax 327 $aWhen Managers Run a Company for Themselves The Ham Sandwich Test ; If the Prospectus Says You'll Be Ripped Off, It Must Be Legal ; Timing Is Everything ; Chapter 3 Why Structured Notes Are Rarely the Best Choice ; Caveat Emptor! ; Structured Note Basics ; Why Buy Structured Notes? 327 $aThe Heart of the Matter: The Arguments Against Costs: These Notes Are Expensive ; Liquidity (or Lack Thereof); Complexity, Suitability, and the Individual Investor; Chapter 4 Update to The Hedge Fund Mirage ; Hedge Funds Remain a Great Business ; Industry Reaction to the Dismal Truth ; Why Hedge Funds Are Still Growing 327 $aSome Accounting Rules Are Dumb Politics Drives Asset Flows ; Too Much Capital ; For Once, the Retail Investor Wasn't Duped ; Chapter 5 Why Is Wall Street So Inefficient? ; Why Is Finance So Expensive? ; Trading Doesn't Build a Secure Retirement ; Invest Time before Money 327 $aSex and Investing 330 $aRecognize Wall Street tactics for what they are, and make smarter decisions with your money Wall Street Potholes shares insights into the money management industry, revealing the shady practices that benefit the salesman far more than the client. Bestselling author Simon Lack brings together a team of experienced money managers to give you straight-from-the-source intel, and teach you how to recognize bad advice and when it's better to just walk away. Investors are rightly suspicious that many products are sold more because of the fees they generate than their appropriateness to the client's situation, and that's only the beginning. This book lays it all bare so you can walk into your next deal with your eyes wide open. You'll learn just how big the profit margin is on different products, and why Wall Street intentionally makes things as complicated as possible. You'll learn expert tactics for combatting these practices, so you can avoid buying overpriced products and confidently discriminate against advisors who put their own interests first. For all the volumes of investment advice on the market, dissatisfaction with the financial services industry has never been higher. This book describes the reason for that disconnect, and tells you how to see through the smoke and mirrors to make the best decisions for your money. Discover the profit margin built into some popular products Learn the reason behind bundling and why Wall Street fears comparison shopping Consider the importance of benchmarking, and why so many firms avoid it Become better informed so you can easily recognize poor investment advice If asking questions of your financial advisor only nets more confusion, if you want to have more control over your money, you need a firm grasp of how these firms manipulate your trust. Wall Street Potholes tells you what you need to know to become a smarter investor. 606 $aInvestments 606 $aPortfolio management 606 $aFinance, Personal 615 0$aInvestments. 615 0$aPortfolio management. 615 0$aFinance, Personal. 676 $a332.6 700 $aLack$b Simon$f1962-$01622852 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910808560403321 996 $aWall Street potholes$94099270 997 $aUNINA