Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know
    Unavailable
    The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know
    Unavailable
    The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know
    Ebook453 pages7 hours

    The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know

    By Michael Edesess

    4/5

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    The investment advice and management industry is built on fraud: the idea that professional advisors can predictably and consistently help you get a better rate of return on your investments. The industry sells us on this lie using manipulative tactics that are studied, refined, Wall Street minted, and Madison Avenue packaged. And extraordinarily effective. Here, Michael Edesess exposes the shocking truth that, in fact, behind the success of nearly every prosperous investment professional lies not the ability to procure higher rates of return on investment for his or her clients but the ability to procure astoundingly high fees from those clients and nothing more.
    Through fascinating and sometimes humorous anecdotes and straightforward explanations of investment theory and scientific evidence, Edesess reveals just how badly investors are being scammed by The Big Investment Lie. He examines how the master salespeople that make up the industry sell their cleverly concocted distortions of truth--to the tune of $200 billion a year--to unsuspecting consumers who swallow them hook, line and sinker. He then shines a spotlight on the true cost of the industry's useless advice, showing that a prudent independent investor, following a conservative strategy, can reap anywhere from 40 percent to over 100 percent more than an investor who falls for The Big Investment Lie.
    Detailing the Ten New Commandments for Smart Investing--practical advice for how, where, and when to invest your money to maximize wealth--The Big Investment Lie provides the guidance you need to secure your financial future without throwing your hard-earned money away on the fraudulent investment advice industry.
    LanguageEnglish
    PublisherBerrett-Koehler Publishers, Inc.
    Release dateJan 22, 2007
    ISBN9781609943196
    Unavailable
    The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know

    Read more from Michael Edesess

    Related to The Big Investment Lie

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      My Investing Misstep

      Mar 8, 2018

      Back in June 2000, this magazine ran an article titled "True Confessions," which related the tale of one editor's foray into the dark excesses of the dot-com-era stock market. The author, who chose to remain anonymous, confessed not only to investing

      2 min read

    • Article

      The 11 Reits In My Portfolio

      Aug 13, 2021

      I take the view that fears about the future of offices and retail are overdone – people will work from home more and many weak retail companies will go bust, but good-quality space will still remain in demand. Rents may drop in some cases, but Reit s

      2 min read

    • Article

      Certain Strategies For Uncertain Time

      Jun 4, 2020

      I’m writing this at the beginning of May 2020, when New Zealand is still in “lockdown” because of Covid-19, so I’m well aware that by the time you’re reading this, things will be very different to how they are now. We are in unusual times. That human

      3 min read

    • Article

      A Conversation with a Short Seller

      Aug 18, 2020

      A short seller leads a lonely life, it seems. Short sellers profit from stocks that decline in value. So, when they win, it means that most of their friends and family are likely losing. And when they lose? Well … they don't generally get a lot of sy

      4 min read

    • Article

      10 Best ETFs to Buy for an All-Weather Portfolio

      Aug 30, 2018

      It used to be that investors asked themselves the question, "How many mutual funds should I have in my portfolio?" They still ask the same question of diversification, but more in terms of exchange-traded funds (ETFs). A portfolio of just two ETFs mi

      7 min read

    • Article

      The Practical Investor Packs It In

      Mar 7, 2019

      When I first saw the Disney movie The Little Mermaid, I was captured by a line uttered by the villainous sea witch, who taunted the heroine to give up her prized possession (her voice) in exchange for the legs she yearned for. "Life's full of tough c

      2 min read

    • Article

      Share Madness

      Jun 22, 2020

      Share Madness
      2 min read

    • Article

      Investing In Offshore Multi-baggers

      Oct 2, 2020

      The fund seeks to provide capital growth over the long term to investors by investing in a portfolio of high-quality, growing companies that are attractively valued. The companies it invests in are selected from both developed and emerging markets. T

      1 min read

    • Article

      4 Closed-End Funds with Sky-High Yields

      Feb 1, 2018

      With robust yields and share prices trading at a discount to the value of their investment portfolios, these four closed-end funds are worth exploring now. For more about how closed-end funds work (and can add juicy payouts to your portfolio), check

      2 min read

    • Article

      Not Every Value Stock Is a Good One

      Oct 1, 2020

      When I fell in love with the stock market many years ago, it was value investing that lured me. I became enthralled by the great value books: Benjamin Graham’s The Intelligent Investor, John Train’s The Money Masters and David Dreman’s Contrarian Inv

      5 min read

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      Rates Are Rising. Is It Time to Sell Your Bonds?

      Apr 11, 2018

      With interest rates still close to historic lows there has been lots of talk about how rising interest rates will reduce bond values. This hasn't been helped by President Trump's trade war threats, which have the potential of causing rising prices a

      6 min read

    • Article

      Commission-Free Trades: A Bad Deal for Investors

      Oct 11, 2019

      Commissions on stocks and exchange-traded funds (ETFs) now come to a big fat zero if you use one of the four biggest online brokerages. On Oct. 1, Charles Schwab (SCHW) announced commission-free trading on stocks, ETFs and options trades. Online-brok

      3 min read

    • Article

      The 10 Dividend ETFs to Buy for a Diversified Portfolio

      Feb 12, 2020

      Assets in U.S. dividend exchange-traded funds (ETFs) have grown exponentially over the past decade. In 2009, America's dividend ETFs collectively held less than $20 billion. By September 2019, they had shot up to almost $200 billion. In good times an

      11 min read

    • Article

      Volatility

      Aug 25, 2022

      Alexandria Peterson* has been a keen sharemarket investor for the past 10 years and has amassed a solid portfolio worth about $90,000. But rather than stocking up on bargain-priced stocks, the 28-year-old is now pivoting into property. "I still think

      1 min read

    • Article

      How to Avoid Financial Panic When a Recession Threatens

      Aug 30, 2022

      It’s OK to worry about a potential recession. The unknown is scary. But, don’t let those emotions lead you into financial panic. You are not the only one feeling anxious – more Americans are worried about a looming recession than in years. Two-thirds

      4 min read

    • Article

      What They Really Mean

      Mar 31, 2021

      What They Really Mean
      4 min read

    • Article

      Income Is King

      Sep 4, 2019

      Income Is King
      18 min read

    • Article

      WHERE TO INVEST $10k

      Jul 31, 2019

      Last month Money turned 20 and as a part of its celebration the magazine ran a series of social media posts about the varying prices of goods since 1999. In essence, the social posts remind us the dollar doesn’t stretch as far as it once did. A quick

      2 min read

    • Article

      7 Best Value Stocks for the 'Great Rotation'

      Nov 12, 2020

      Investors have been waiting for value stocks to catch up to growth stocks for a decade now, and some think they're seeing signs of the long-awaited rotation from pricey stocks to cheap ones. Value stocks had a heady few days in the second week of Nov

      1 min read

    • Article

      The Smart Way To Make Money

      Nov 15, 2019

      most people are frightened of investing on the stock exchange. Especially if they’re nearing retirement or are retired, as people often are when they have substantial sums of money that could be invested in shares. Despite this, shares are among the

      3 min read

    • Article

      Mutual Funds vs. ETFs: Why Choose One When You Can Use Both?

      Sep 2, 2019

      Both mutual funds and exchange-traded funds (ETFs) are designed to give investors great diversification. For example, instead of just investing in a few technology stocks, buying a technology stock mutual fund or ETF would allow you to own dozens or

      5 min read

    Reviews for The Big Investment Lie

    4/5

    4 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words