: Frank Seinsheimer III, M.D.
: The Qi of Personal Finance and Investing A Heretic's Guide
: BookBaby
: 9781098350505
: 1
: CHF 9.40
:
: Betriebswirtschaft
: English
: 196
: DRM
: PC/MAC/eReader/Tablet
: ePUB
How do you invest wisely? How do you understand and handle risk when investing? Why does using a financial manager harm your long term investing results? Why does the average investor underperform a straightforward stock index fund? What should you do with your savings? How do you prepare financially for retirement? How do you handle your money in retirement? Why is the basic theory underlying the advice you receive from financial advisors wrong? All of these questions and more are answered in 'The Qi of Personal Finance and Investing.' In this book I explain why the approach to investing used by your financial advisors and financial managers will harm your long term investing results. My answers to these questions are heretical. I explain why my answers are correct! I have read extensively in finance and investing literature and have spent decades studying, understanding and finally disagreeing with the basic theory underlying the decisions of the financial world. I have reached conclusions regarding personal finance and investing which are distinctly different, i.e. heretical, from the standard advice given by most financial advisors and financial managers. This book details my conclusions and advice to you, the reader.

Preface


First:

Most people feel that the subjects of personal finance, investments and generally the whole financial world are too complicated for them to understand.

NOT TRUE; NOT TRUE; NOTTRUE

This book differs from other personal finance and investing books in a number of crucial aspects.

Because in this book:

I explain why:

USING FINANCIAL MANAGERS ACTUALLY HARMS YOUR LONG TERM INVESTINGRESULTS!

I explain why:

FOLLOWING THE ADVICE OF MOST FINANCIAL ADVISORS HARMS YOUR LONG TERM INVESTINGRESULTS!

I explain why:

FOLLOWING THE CURRENT INVESTING THEORY (MODERN PORTFOLIO THEORY) HARMS YOUR LONG TERM INVESTINGRESULTS!

I explain why:

THE FAILURE TO MINIMIZE YOUR YEARLY COST OF INVESTING HARMS YOUR LONG TERM INVESTINGRESULTS!

I explain why:

EXCESSIVE DIVERSIFICATION HARMS YOUR LONG TERM INVESTINGRESULTS!

I explain why:

UNDERSTANDING RISK, INFLATION AND EXPONENTIAL GROWTH ARE NECESSARY FOR YOUR FINANCIALLITERACY!

I explain why:

IT IS IMPORTANT TO LEARN ENOUGH ABOUT PERSONAL FINANCE AND INVESTING TO BECOME YOUR OWNTEACHER!

I explain why:

YOU NEED TO BE CAREFUL WHO YOU TRUST WITH YOURMONEY!

I explain why:

YOU NEED DISCIPLINE IN YOUR SPENDINGBEHAVIOR!

I explain why:

I CONSIDER MYSELF THE PACHYDERM IN THE PARLOR OF PERSONAL FINANCE ANDINVESTING!

I explain why:

MY OPINIONS AND ADVICE REGARDING PERSONAL FINANCE AND INVESTING AREHERETICAL!

Enough of the “I explain why’s”.

Let’s move on.

In this book I present a simple and effective method for successful long term investing. Note, please, my emphasis on long term. I will explain in simple terms why I believe that the basic theory (Modern Portfolio Theory) used by most financial advisors and financial managers is flawed. I will discuss why I believe following this theory results in sub-optimal investing results. I will explain why I believe that the basic theory underpinning all of the financial advice you hear and all of the financial management you receive will actually harm your long term investing results.

There! I have set myself a high bar to clear. I have declared myself a heretic.

I have found through past experience that financial advisors a