The Money Compass: Where Your Money Went and How to Get It Back

Overview

Between the ongoing recession, the collapse of the housing market, and the crumbling of the middle class, many Americans are left wondering what happened to the American Dream. They’re also wondering what happened to their money. For millions of people, just making ends meet is challenging enough. So when it comes to saving and investing, it seems like the deck is stacked against you.

The bad news is that you’re right. If the economy were a card game, the dealer would hold all ...

See more details below
Hardcover
$32.44
BN.com price
(Save 18%)$40.00 List Price

Pick Up In Store

Reserve and pick up in 60 minutes at your local store

Other sellers (Hardcover)
  • All (11) from $23.16   
  • New (10) from $23.16   
  • Used (1) from $32.43   

Overview

Between the ongoing recession, the collapse of the housing market, and the crumbling of the middle class, many Americans are left wondering what happened to the American Dream. They’re also wondering what happened to their money. For millions of people, just making ends meet is challenging enough. So when it comes to saving and investing, it seems like the deck is stacked against you.

The bad news is that you’re right. If the economy were a card game, the dealer would hold all the aces. But the good news is that you don’t have to play by the house rules. Renowned for his unvarnished insight on finance and investing, money manager Mark Grimaldi has a reputation for telling it like it is. He doesn’t sugarcoat the negative and he doesn’t have time for the financial industry hype that leads to bad investing decisions. Here’s the truth: the economy is in bad shape, but that doesn’t mean you can’t save responsibly, invest profitably, and retire comfortably.

In The Money Compass, Grimaldi teams up with accounting professor G. Stevenson Smith to offer a wealth of smart investing advice for today’s investor. This plain-English guide to good investing presents practical strategies and actionable advice for safely navigating today’s financial markets. It shows you how to manage credit and debt responsibly, how to use the tax code to your advantage, which kinds of trendy investing advice you should ignore, and where to put your money for solid returns.

In addition, the authors explore the hard macroeconomic realities that explain how we got here and where we’re going next. They look at the primary causes and consequences of the recession, the housing crash, the slow collapse of government programs, long-term unemployment, and how it all impacts you and your money. Plus, Grimaldi and Stevenson forecast the next big economic shock and show you how to profit from it.

The economic game is rigged to keep you poor and keep Wall Street rich. So it’s time to write your own rules. Whether you’re white collar, blue collar, or somewhere in between, The Money Compass gives you the commonsense guidance you need to chart a course to a comfortable financial future—even in the roughest economic waters.

Read More Show Less

Product Details

  • ISBN-13: 9781118614457
  • Publisher: Wiley
  • Publication date: 1/28/2014
  • Edition number: 1
  • Pages: 241
  • Sales rank: 361,507
  • Product dimensions: 6.10 (w) x 9.20 (h) x 1.00 (d)

Table of Contents

Preface

Acknowledgments

Chapter 1: Introduction

The Invisible Hand of Confiscation

The Fourth Branch: K Street Government

More Income Tax and More Debt, too

Monetization of the Debt: Say What?

The Last Biggie: Repeal of Glass-Steagall and Gamblers Gone Wild

Summary

References

Chapter 2: Greenspan and the Growing Bubble

Simple Plans Often Become Complicated

Moving on….

The 36-Day Election

My Take Away is More Than Fries

Summary

Reference

Notes

Chapter 3: Drop the “U” out of “Housing” and You Got What America Got

2000 to 2006: The Perfect Storm

Oops, Almost Made It

2007: All Fall Down

2008: The Year of Reckoning.

The Fat Lady Sings: “It’s not over.”

2009 to 2012: The Road to Recovery?

Looking Ahead

Fifty-Year Mortgages

What to Do Next? Let’s Buy a House

Summary

Reference

Notes

Chapter 4: Credit Cards
Let Me Have it NOW! And They Did

Pay to Play

The New Law

Let’s Skip a Payment

The Contract

How is that Interest Rate Figured?

The Credit Card Tax

Tipping a Hat to Debit Cards

Getting Back

Summary

Notes

Chapter 5: Who Are Target-Date Retirement Funds Targeting?

A Ticking Time Bomb

The Dawdling SEC

What Can You Do?

Chapter 6: Four-Oh-One-Kay Tales

The Truth About Your 401(hey)!

Meet Mr. Uninformed and Mrs. Navigator

Mr. Uninformed and Mrs. Navigator, 10 Years Later

A Little More Sizzle

One Exception

Four Reasons to Invest in After-Tax Accounts

Summary

Chapter 7: Exchange-Traded Funds

Is Mr. Bogle “Indexing” The Problem?

What Is An Index Fund?

Why Invest In An Index Fund?

Giving Up Downside Protection

Giving Up The Ability To Lock In Profits

Why Not Buy and Hold?

So What’s Wrong With ETFs?

How Much Should You Pay for An ETF Trade?

The Benefits of Professionally Managed ETFs

Ranking ETFs the Navigator Way

Summary

Notes

Chapter 8: Who Took My Money Now?
The Collapsing Education System

The Feds and State Government

The Vendors

School Administrators, Relatives, and Cronies

The Boosters

Teachers, Sex, Unions, Drugs, and More Fraud

Parents

Students

So What Are You And Yours Losing?

Are There Choices?

Summary

Notes

Chapter 9: Staying Poor in America

Rich or Poor?

What Else? Business Models have Changed Our Way of Earning a Living

Other Factors Making Americans Poor

Spend It If You Got It Or Pretend to be Rich Until You Are Poor

Governmental Solutions

Private Solutions

Summary

Notes

Chapter 10: The Federal Debt Bomb: Hold Your Breath (at least try)

Government Choices and Me

What am I going to lose in these policy choices?

So How Do I Keep from Losing My Shirt? Or, at Least Surviving an Inflationary Environment

Summary

Notes

Chapter 11: Navigating the 2014 Recession

Beginnings

Behind the Accolades—Accurate Forecasting

The 2014 Recession

Recession Rules to Live By

Navigate Carefully

Appendix: The Grimaldi Forecasts

January 2008 Navigator Newsletters

February 2008 Navigator Newsletters

March 2008 Navigator Newsletters

June 2008 Navigator Newsletters

November 2008 Navigator Newsletters

May 2009 Navigator Newsletters

Chapter 12: Changing Job Patterns and You

The Old Jobs Are Not Coming Back

Productivity is Up, but…

One More Time: The Jobs are Gone

Return to Capital vs. Return to Labor

Summary

Notes

Chapter 13: Gratuity Government: Should I Take the Free Butter?1

Taker Trends: Get Wise and Do Less for Yourself

Entrance to the Land of the Takers

Transfer Payments and a Hypothetical Monthly Budget

Summary

Notes

About the Authors

Index

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)