Are your life's savings safe? A Wall Street insider reveals fatal flaws and hidden risks of wealth management and unveils a new system for protecting your portfolio-and firing your financial adviser. Millions of us are committing a slow, imperceptible form of financial suicide. Chances are your IRA or 401(k) carries far more risk than you realize, lacks real diversification that could reduce downside risk, and is falling behind the underreported rate of inflation that eats away at your retirement fund every year. In the next market crash, you could be left vulnerable and unprotected. Wall Street financial advisers are supposed to build and preserve your wealth, yet they are untrained in portfolio construction and how to contain risk and bulletproof your investments. They charge high fees and sometimes put their own interests ahead of yours. Now Ed Butowsky, a Wall Street insider who spent two decades as one of the top producers at the fabled firm of Morgan Stanley & Co., breaks from the pack to reveal the flaws, fibs, and failings of financial advisers. To fix this mess, he has created the new CHIP Score to empower you to evaluate the potential for Risk & Reward in your portfolio and grade your adviser-before the next meltdown. Nobody else on Wall Street ever dared to create anything like it. Wealth Mismanagement will empower investors to protect themselves. DEDICATIONFOREWARDINTRODUCING THE CHIP SCOREGOLDEN RETRIEVERSCHAPTER 01CATCH HIM IF YOU CANA GIRL LIKE THATHERE'S THE DEALTWO DECADES OF INSIGHTSCHAPTER 02WHO THE HELL IS THIS GUYCHAPTER 03BROKEN PORTFOLIOSANTICIPATION IS PREPARATIONRISK #1: INFLATION RISKRISK #2: CAPITAL RISKRISK #3:CORRELATION RISKRISK #4 LIQUIDITY RISKRISK #5 HORIZON RISKRISK #6: CURRENCY RISKRISK #7 CREDIT RISKRISK #8: LONGEVITY RISKCHAPTER 03CHAPTER 04QUANTIFYING RISKTOO GOOD TO BE TRUECHAPTER 05WHERE THE HELL HAVE YOU BEENA LARCENOUS VILLAINGAME OF EXPECTATIONSCHAPTER 06A DORMANT DRAGONTHE FIX IS INTAKING A DOUBLE HIT CHAPTER 07AN ELUSIVE ASSETWHAT REALLY COUNTSCOINCIDENCE OF CORRELATIONCHAPTER 08HARD MONEY LOANSFACTORINGDIAMONDSGOLD AND SILVERPRIVATE EQUITY AND VENTURE CAPITALEMERGING MARKETS DEBTREAL ESTATE INVESTMENT TRUSTSPREFERRED STOCKSMANAGED FUTURESCOMMODITIESARBITRAGEMASTER LIMITED PARTNERSHIPBUSINESS DEVELOPMENT COMPLONG SHORT EQUITYEVENT DRIVENMONEY MARKET FUNDSMONEY MARKET FUNDSCHAPTER 09GOVERNMENT BONDSOTHER KINDS OF BONDSBOND RISKS REVISITEDCHAPTER 10REAL RATE OF RETURNMANAGEMENT FEES AND TAXESCHAPTER 11CHAPTER 12FIRST SAMPLE PORTFOLIO "This book is the best at helping investors determine if what they have is what they need."
