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Rigged Money: Beating Wall Street at Its Own Game

ISBN: 978-1-118-09968-1

November 2011

224 pages

Description

To understand the economy you have to understand one simple, but unspoken, truth: Wall Street needs money from Main Street, not the other way around. Keeping this secret from the public has been an essential part of the development of the American economy for over four hundred years, but now that you know it—and with advice from Wall Street insider-turned-realist Lee Munson—you have the power to protect yourself and your money.

Rigged Money: Beating Wall Street at Its Own Game explains in detail how the financial industry has systematically worked to convince the public that investing across different asset classes is the only way to protect wealth. At one point this was probably sage advice, but today it’s an outdated rule more likely to bring disaster than success. Since asset classes—from small caps and international stocks to gold and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone, and with it, any reason for spreading your money around. It’s this change in the financial landscape, and the rules of the game, that Wall Street doesn’t want you to know about, and that this book discusses.

Revealing the truth about the system while arming you with the simple, smart, and clear advice that you need to go head-to-head with the financial giants, Rigged Money provides advice to investors on what Wall Street is doing behind your back and how you can use the same techniques and knowledge to level the playing field.

About the Author
Lee Munson (Albuquerque, NM) is considered a menace to Wall Street. When Bear Stearns was one of the biggest ships sailing Wall Street, Lee was one of the company’s fiercest pirates by leaking information to the press. He worked as a speculative trader during the dot-com boom and bust until he had an epiphany. Lee began to question everything about his approach to investments starting with the basics. He realized Wall Street is a game that isn’t always played so that investors have a fair chance at winning. Munson went on to form hedge fund manager Portfolio LLC in New Mexico and is now considered one of the state’s distinguished investment advisors. He is a frequent guest on CNBC’s The Kudlow Report, where Lee’s outspoken style and candor never goes unnoticed, and a weekly guest on The David Magee Show, a national cable television talk show aimed targeting Main Street America, Lee also writes the monthly column Money 101 for the New Mexico Business Weekly. As a national persona, he’s known for an outspoken style and candor that challenges status quo reasoning long held on Wall Street, and he is often quoted in national publications including The Wall Street Journal, Smart Money and Kiplinger’s. He is also a regular source for the news organizations Dow Jones and Reuters.