DIY Financial Advisor

DIY Financial Advisor

A Simple Solution to Build and Protect your Wealth

eBook - 2015
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DIY Financial Advisor: A Simple Solution to Build and Protect Your WealthDIY Financial Advisor is a synopsis of our research findings developed while serving as a consultant and asset manager for family offices. By way of background, a family office is a company, or group of people, who manage the wealth a family has gained over generations. The term 'family office' has an element of cachet, and even mystique, because it is usually associated with the mega-wealthy. However, practically speaking, virtually any family that manages its investments-independent of the size of the investment pool-could be considered a family office. The difference is mainly semantic. DIY Financial Advisor outlines a step-by-step process through which investors can take control of their hard-earned wealth and manage their own family office. Our research indicates that what matters in investing are minimizing psychology traps and managing fees and taxes. These simple concepts apply to all families, not just the ultra-wealthy. But can-or should-we be managing our own wealth' Our natural inclination is to succumb to the challenge of portfolio management and let an 'expert' deal with the problem. For a variety of reasons we discuss in this book, we should resist the gut reaction to hire experts. We suggest that investors maintain direct control, or at least a thorough understanding, of how their hard-earned wealth is managed. Our book is meant to be an educational journey that slowly builds confidence in one's own ability to manage a portfolio. We end our book with a potential solution that could be applicable to a wide-variety of investors, from the ultra-high net worth to middle class individuals, all of whom are focused on similar goals of preserving and growing their capital over time. DIY Financial Advisor is a unique resource. This book is the only comprehensive guide to implementing simple quantitative models that can beat the experts. And it comes at the perfect time, as the investment industry is undergoing a significant shift due in part to the use of automated investment strategies that do not require a financial advisor's involvement. DIY Financial Advisor is an essential text that guides you in making your money work for you-not for someone else!
Publisher: Hoboken, New Jersey :, John Wiley & Sons, Inc.,, [2015]
ISBN: 9781119124900
1119124905
9781119124917
1119124913
Branch Call Number: ELECTRONIC RESOURCE
Characteristics: 1 online resource.
Additional Contributors: Vogel, Jack R. 1983-
Foulke, David P. 1966-

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AmeedEPL
Apr 18, 2019

Good book to learn the terminologies of the financial word but NOT the exact book to tell the reader How to save or place retirement

d
deyell
Apr 30, 2018

The authors present an enticing alternative to expensive RSP investment, although the reader should be prepared to come to the book with some basic understanding of the vocabulary and processes of financial markets and to work more for the correct investments.

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