Publisher's Synopsis
What do you have to lose by listening to the "experts"? Just money. In *Why Smart People Lose a Fortune: 5 Steps to Restoring Your Wealth and Sanity* you see how the strategies of buy and hold and asset allocation are hoaxes crafted to help brokers and mutual funds, not investors, make money. You need only examine the bear market of 2000-2002 (and perhaps your financial statements) to understand how expensive these ideas really are. You don't have to play this game any more. This book gives you an alternative. You see how to take the market's temperature using tried and true methods, and by book's end, you will be able to use these tools with exchange traded funds and mutual funds, as well as stocks. -Get clear on why you are investing and let that understanding drive how you invest and determine what strategies and specific investments you choose -Base your decisions on how the market really works instead of how the media portrays it and financial professionals sell it -Generate income with a portfolio that balances your goals and the inherent risks of investing -Develop your market sensitivity and stop listening to the misleading mantras of buy and hold, allocate your assets, stay invested in equities all the time, and stay in/ride it out. -Use this method to succeed with the market!
