Download or read book Trading is Hazardous to Your Wealth written by Teodor Dyakov and published by . This book was released on 2018 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the trading performance of actively-managed mutual funds from 16 domicile countries investing in 42 equity markets over the period 2001-2014. In the aggregate, funds achieve particularly poor returns in U.S. equity: after adjusting for style, the stocks they buy underperform those they sell by 0.61% per quarter. In non-U.S. equity, mutual fund trades achieve a gross quarterly return of only 0.19%, which appears small relative to trading costs in international markets. The relative size of the active mutual fund industry and the tendency of mutual funds to trade in herds contribute to their poor trading performance. Using the U.S. market as an important case with a longer time series and richer information, we find further supporting evidence.
Download or read book Wealth Hazards written by and published by . This book was released on 2009-06-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: What's a Wealth Hazard? Basically, it's a risk or a threat to your financial health.
Download or read book Hazardous to Your Wealth written by Robert Markman and published by Elton-Wolf Publishing. This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the explosion of interest in mutual funds and record numbers of investors doing more poorly than the market indexes, the question becomes, why aren't investors doing better? Hazardous to Your Wealth explodes the myths of mutual fund investing, explains why financial advisors are leading their clients astray, and provides a plan for future investment success.
Download or read book How Money Became Dangerous written by Christopher Varelas and published by HarperCollins. This book was released on 2019-11-05 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a veteran of the trade, a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system, how money became our adversary, and why finding a new course is crucial to a healthy society In the not too distant past, money was simple. You might have had a bank account and a mortgage, perhaps some basic investments. Wall Street didn’t have a reputation for greed and recklessness. That all started to change in the eighties, as our financial systems became increasingly complex, moving beyond the understanding of the general public while impacting our lives in innumerable ways. The financial world began to feel like an enigma—a rogue force working against us, seemingly controlled by no one. From an industry veteran who’s had firsthand involvement in the events that shaped modern money, How Money Became Dangerous journeys from the crime-ridden LA jewelry district to the cutthroat Salomon Brothers trading floor, from the high-stakes world of investment banking to the center of the technology boom, capturing the key deals, developments, and players that made the financial world what it is today. The book illuminates the dark, hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans. A fresh and enlightening take on how we reached this point, How Money Became Dangerous also makes the case for why Wall Street needs to be saved, if only to save ourselves.
Download or read book Trading is Hazardous to Your Wealth written by Brad M. Barber and published by . This book was released on 2008 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individual investors who hold common stocks directly pay a tremendous performance penalty for active trading. Of 66,465 households with accounts at a large discount broker during 1991 to 1996, those that traded most earned an annual return of 11.4 percent, while the market returned 17.9 percent. The average household earned an annual return of 16.4 percent, tilted its common stock investment toward high-beta, small, value stocks, and turned over 75 percent of its portfolio annually. Overconfidence can explain high trading levels and the resulting poor performance of individual investors. Our central message is that trading is hazardous to your wealth.
Download or read book Empire of the Fund written by William A. Birdthistle and published by Oxford University Press. This book was released on 2016 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empire of the Fund is an exposé of the way we save now with proposals to fix it. The United States has embarked upon the riskiest experiment in our financial history: to see whether millions of ordinary, untrained citizens can successfully manage trillions of dollars in a system dominated by skilled and powerful financial institutions.
Download or read book When Trading is Hazardous to Your Wealth written by Milena Schwarz and published by . This book was released on 2018 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the motivations for stock selling in a context where this was (at least from anex-post perspective) hazardous to investors' wealth. Making use of a unique feature of theCognitive Economics Study (CogEcon) that allows us to elicit domain-specific stock literacy andcorresponding confidence, we find that independent of their actual knowledge, investors weremore inclined to sell stocks during the financial crisis with high levels of confidence. This wasthe case even when trading was apparently not motivated by liquidity demands, risk-bearingcapacities or expectations about future asset market developments. Even more importantly,and in line with the literature that relates the discrepancy between financial knowledge andconfidence to making investment mistakes, we find that overconfidence was associated with ahigher propensity to realize stock losses - that is, selling assets whose value had deteriorated.Male as well as female investors in our sample were overconfident on average shortly beforethe outbreak of the crisis. Strikingly, however, only female investors traded to their detrimentas a result of their overconfidence. We do not find, in contrast, male investors to be at areal disadvantage of high levels of confidence not warranted by actual knowledge. We takea number of steps in response to endogeneity concerns including an alternative identificationmethod recently introduced by Lewbel (2012) that exploits information from the heteroscedasticstructure of the data. Further research is needed to understand the long-term consequences ofour findings concerning stock-market participation and finally wealth levels of females, who arealready at a high risk of hitting poverty at old-age.
Download or read book Warning written by Adriane G. Berg and published by . This book was released on 1992 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to protect your life savings for yourself and those you love.
Download or read book Austerity written by Mark Blyth and published by Oxford University Press. This book was released on 2015 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.
Download or read book Mutual Funds Exposed 2nd Edition written by Kenneth A Kim and published by Eqis Capital Management, Incorporated. This book was released on 2016-03-15 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual Funds Exposed is an engaging, easy-to-read expose that rips the cover off an industry that commands trillions of dollars of investor savings, and shines a bright light on the pitfalls of mutual funds. It also provides a glimpse into alternatives that ultra-wealthy investors have enjoyed for decades. This is a must-read for any investor.
Download or read book Hazardous to Your Wealth written by Public Policy Associates and published by . This book was released on 1996 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Psychology of Money written by Morgan Housel and published by Harriman House Limited. This book was released on 2020-09-08 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
Download or read book Strong Towns written by Charles L. Marohn, Jr. and published by John Wiley & Sons. This book was released on 2019-10-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.
Download or read book Warning written by Richard J. Fairchild and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we conduct a quantitative, qualitative and neuro-economic experiment investigating the effects of risk-preferences and emotions on investors' trading strategies and performance. The focus of our experiment is a computerised simulated trading game, where investors decide, on a tick-by-tick basis, how much of their wealth to allocate to risk-free cash and/or risky shares (in each period, they can buy or sell shares, or hold their position). Overall, the trading game represents a bear market. Our results demonstrate that risk-aversion and emotions may be detrimental to trading performance in a bear market, and that an optimal level of each may exist.
Download or read book Fail Safe Investing written by Harry Browne and published by Macmillan + ORM. This book was released on 1999-09-30 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you worry that you're not paying enough attention to your investments? Do you feel left out when you hear about the clever things other investors seem to be doing? Relax. You don't have to become an investment genius to protect your savings. Distilling the wisdom of his thirty years' experience into lessons that can be applied in thirty minutes, Harry Browne shows you what you need to know to make your savings and investments safe and profitable, no matter what the economy and the investment markets do. There are no secret trading systems here, no jargon to learn. Instead, Harry Browne teaches you in simple terms to, among other things: -Build your wealth on your career -Make your own decisions -Build a bulletproof portfolio for protection -Take advantage of tax-reduction plans -Enjoy yourself with a budget for pleasure
Download or read book Financially Stupid People Are Everywhere written by Jason Kelly and published by John Wiley & Sons. This book was released on 2010-04-30 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hard-hitting look at achieving financial freedom by avoiding excessive borrowing and spending If you don't actively resist America's culture of debt, you'll end up precisely where the government, banks, and big business want you to be: indentured servitude. The mistakes people make with their money are basic, and avoidable, and unless you understand what they are, you're probably going to repeat them. What you need is someone who can shed light on the obstacles we face and show you how to avoid getting tripped up by them. Financially Stupid People Are Everywhere shows how society is rigged to take as much of your wealth as possible, and simple ways you can resist. It investigates, explains, and offers advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead. Discusses what you can do to stop the destructive cycle of borrowing and spending Illustrates the four major tenets of getting money right Highlights how to avoid the many ways that government, banks, and big business try to trap you with debt To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere leads you down the only proven path to financial freedom.
Download or read book Stocks Bonds Bills and Inflation written by Roger G. Ibbotson and published by . This book was released on 1989 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
