Empire of the Fund: The Way We Save Now
| Author | : | |
| Rating | : | 4.46 (829 Votes) |
| Asin | : | 0199398569 |
| Format Type | : | paperback |
| Number of Pages | : | 264 Pages |
| Publish Date | : | 2016-09-12 |
| Language | : | English |
DESCRIPTION:
Must read for anyone with retirement account. Birdthistle’s captivating book would be of interest to anyone concerned about their financial security in retirement. Grabbing your attention from the onset, his introductory message is that socioeconomic development has reached the point where “we” are increasingly more responsible for our financial lives; governments and company employers will do less for you. This fact is reflected in the demises of pension plans and the exponential expansion of mutual funds retirement accounts (Must read for anyone with retirement account. markov Birdthistle’s captivating book would be of interest to anyone concerned about their financial security in retirement. Grabbing your attention from the onset, his introductory message is that socioeconomic development has reached the point where “we” are increasingly more responsible for our financial lives; governments and company employers will do less for you. This fact is reflected in the demises of pension plans and the exponential expansion of mutual funds retirement accounts (401 & IRAs); the vehicle used by the vast majority of people savings for the future. Birdthistle. 01 & IRAs); the vehicle used by the vast majority of people savings for the future. Birdthistle. Great book, but. The book was well written and had an interesting, somewhat dry sense of humor. It clearly and logically presented issues related to how investors can lose their financial resources both directly and indirectly. What I found missing, however, was any assessment with regards to the severity of the problem, i.e., he provides anecdotal information but does not give the reader any quantitative assessment as to how prevalent a problem may be. If the problem is 1 in 50,000 that's a risk but not necessarily a high, relative risk; if the problem is 1 in every 3 mutual funds.it's a much higher risk. Such. "User Friendly Guide to the Investment Fund Industry" according to Amazon Customer. Birdthistle offers an easy-to-read guide to the investment fund industry and the way we save now. The title is very fitting. It is a refreshing look into the investment industry and written for the average individual. We all need to focus on retiring and this book is almost a step-by-step map to help you avoid the pitfalls of obscurity in the financial world. If you want to save for your retirement, then this is a good book to read to help you better navigate the landscape. Sobering read and great information, highly recommend.
Over the next twenty years, nearly eighty million baby boomers will retire at a pace of ten thousand per day. This book will forewarn and forearm Americans by illustrating the structural flaws, perverse incentives, and litany of scandals that have bedeviled mutual funds. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dollars in a financial system dominated by wealthy, skilled, and powerful financial institutions, many of which have a record of treating individual investors shabbily.The key tools in our 401(k) plans and individual retirement accounts are mutual funds, which have ballooned to hold more than $16 trillion. But these funds pose dangers to our savings in three ways: through structural vulnerabilities that give money managers the incentive to focus on marketing over investing; through the very human challenges of managing our savings decades into the future; and through the peril of financial
O'Scannlain of the U.S. Birdthistle lives in Chicago with his wife and children.. Previously, he served as a law clerk to the Honorable Diarmuid F. He came the United States to attend Duke University and Harvard Law School, where he served as managing editor of the Harvard Law Review. William Birdthistle is a Professor of Law at Chicago-Kent College of Law, where he specializes in in
No investor can afford to ignore the message of this book: educate yourself and gain financial literacy." -- John C. Barrett Professor of Law and Finance, University of San Diego"Empire of the Fund provides an engaging, thorough review of the mysterious multi-trillion dollar mutual fund industry. The majority of the text focuses on the nuts and bolts of mutual funds. His goal is to improve the current state of affairs to ensure that massive bailouts of retirees are not necessary in the future." -- Choice"The mutual fund