Investing and Wealth Creation in a Rigged System
Investing and Wealth Creation in a Rigged System: How to Invest Wisely Amidst Conflicts, Hidden Fees, and Biased Advice by Billy Desai MBA CFA
English | October 11, 2024 | ISBN: N/A | ASIN: B0DJXWYPBC | 166 pages | EPUB | 0.35 Mb
English | October 11, 2024 | ISBN: N/A | ASIN: B0DJXWYPBC | 166 pages | EPUB | 0.35 Mb
Understand the deep-rooted problems of a conflicted industry:
- History of the Wealth Advisory Industry
- Conflicts of Interest: Commissions and hidden fee shares
- False Fiduciaries
- Inefficient Asset Allocation Models: Constrained scope and inefficient portfolios
- Overlooked Asset Classes
- AUM, an illusion of quality
- Unqualified Advisors: CFPs are not true investment professionals
- Financial Plans on Unstable Portfolios
- Lack of Data Analytics: Heavy reliance on subjective stock picking
- Fees Prioritized Over Clients
- Hidden Costs: Mutual funds and other high-fee products
- Annuities: A misleading sense of security
- Lack of Independent Thinking
- Institutional vs. Typical Portfolios: Examples of institutional investment philosophies