Rigged Money: Beating Wall Street at Its Own Game

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Rigged Money: Beating Wall Street at Its Own Game

Lee Munson

Description

Today's financial landscape and what Wall Street doesn't want you to know

Rigged Money is based on one simple truth: Wall Street needs money from Main Street, not the other way around. The financial industry has convinced the general public that investing across different asset classes is the only way to protect wealth, but this is an outdated rule that no longer applies.

Since asset classes—small caps, large caps, international investments, gold, and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone. That's exactly what Wall Street doesn't want you to know—that the rules of the game have changed.

Risk Isn't Constant: Pie charts lie when it comes to accurately describing the risk of stocks and bonds
Dividends Are No Silver Bullet: They are designed to entice investors rather than to increase a company's value or your net worth
Buy and Hold is Dead: The financial world (and all the companies and securities in it) moves too quickly and is changing too often for this theory to hold true today
Gold Is Not an Investment: Gold is today's currency of fear, and this fear is driven by escalating government debt

An unflinching look at this new financial world, Lee Munson's Rigged Money arms today's investors with the simple, smart, and clear advice needed 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.

To Purchase this product, please visit

https://dev.store.wiley.com/en-us/Rigged+Money%3A+Beating+Wall+Street+at+Its+Own+Game-p-9781118099681