Wall Street Potholes, First Edition, Insights from Top Money Managers on Avoiding Dangerous Products by Lack, Simon A. -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Table of Contents Dedication Preface Acknowledgments Chapter 1: Non-traded REITs: A Security That Shouldn't Exist

Poor Advice Why Not Get a Listing? Disingenuous Advice Whose Side Is Your Financial Advisor On? Where Are the Regulators? Overall Returns Are Poor The Importance of Benchmarking Puts and Calls Financial Advisors Need to Do Better

Chapter 2: Why Investors Pay Too Much for Yield

The Mysteries of Closed-End Funds Investors Can Overpay to Simplify Their Taxes The HFT Tax When Managers Run a Company for Themselves The Ham Sandwich Test If the Prospectus Says You'll Be Ripped Off, It Must Be Legal Timing Is Everything

Chapter 3: Why Structured Notes Are Rarely the Best Choice

Caveat Emptor! Structured Note Basics Why Buy Structured Notes? The Heart of the Matter: The Arguments Against

Chapter 4: Update to The Hedge Fund Mirage

Hedge Funds Remain a Great Business Industry Reaction to the Dismal Truth Why Hedge Funds Are Still Growing Some Accounting Rules Are Dumb Politics Drives Asset Flows Too Much Capital For Once, the Retail Investor Wasn't Duped

Chapter 5: Why Is Wall Street So Inefficient?

Why Is Finance So Expensive? Trading Doesn't Build a Secure Retirement Invest Time before Money Sex and Investing Complexity Sells The Hidden Costs of Municipal Bonds Some Bankers Just Don't Think

Chapter 6: The Un-Portfolio and Better Portfolio Management Techniques

Background Un-Portfolios and Diversification Fees and the Black-Box Models Other Examples of Un-Portfolios Exchange-Traded Funds Mutual Funds and Fees Load Funds Fiduciary Duty Portfolio Management Basics Summary and Conclusion Bonus Section

Chapter 7: Annuities

Introduction What Is an Annuity? What Are the Different Types of Annuities? Variable Annuities Associated Risks Other Risks Are Lack of Flexibility Variable Annuity Riders Illiquidity, or the Lack of Being Able to Get to Your Money Evaluation of Returns: Investment Options inside of Variable Annuities Fee and Charges Options If You Already Own an Annuity When Should You Consider Using an Annuity? Recent Developments with Annuities Savings Bonds: Little-Known Good Deal

Chapter 8: Is the Most Important Professional in Your Life Even a Professional?

My Start as a Broker Pressure to Generate Business Why You Don't Invest with Borrowed Money Has the Industry Made Any Progress? Is Financial Advisory a Profession? Why You Want a Fiduciary More Things to Consider When You Choose Your Advisor A Better Way to Measure Results

Chapter 9: Putting Investors First

The Future of Finance Understand Who Your Advisor Works For Really Understand the Fees Try Asking These Questions What Else Can Be Done? The Role of CFA Institute Bigger Isn't Always Better

About the Contributors About the Author Bibliography Index End User License Agreement