Download Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor AudioBook Free
Making an investment is mostly of the areas in life where even very smart people let hope triumph over experience. Corresponding to Wall structure Street Journal committing columnist Spencer Jakab, almost all of us have no idea how much cash we're leaving on the table - or that the average saver doesn't come everywhere close to gaining the "average" profits touted in those polished brochures. We're handicapped not only by emotional biases and a concern with missing out but by an industry with multimillion-dollar marketing finances and an eyeball on its own bottom line, not yours. Unless you're very handy, you probably don't know how to fix your own car or give a family member a reliable haircut. But most Us citizens are anticipated to be part-time account managers. With a reliable, livable pension check learning to be a rarity, we have been entrusted with our own money and, generally, failed miserably. Since leaving his job as a top-rated stock analyst to be an trading columnist, Jakab has viewed his visitors and listeners - and his family, friends, and acquaintances - make the same flaws over and over. He set out to measure the typical advice people get, from the evidently high-risk to the apparently safe, to figure out where it all goes wrong and how they could do far better. Blending entertaining reports with some unusual research, Jakab talks about:
- How a typical saver might have a retirement life nest egg twice as large by being cheap and lazy
- Why shareholders who put their personal savings with a high-performing mutual fund manager finish up worse off than if they'd chosen one who has struggled
- The easiest way to profit from your hunch that a tough economy is looming
- How people who check their brokerage accounts frequently finish up falling behind the market
- Who isn't almost as good at trading as the media would have you think
