Wealth Mismanagement: A Wall Street Insider On the Dirty Secrets of Financial Advisers and How to Protect Your Portfolio

Wealth Mismanagement: A Wall Street Insider On the Dirty Secrets of Financial Advisers and How to Protect Your Portfolio

by Ed Butowsky, Dennis Kneale

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Overview

Millions of us are committing a slow, imperceptible form of financial suicide.

Chances are your IRA or 401(k) carries far more risk than you realize, lacks real diversification that could reduce downside risk, and is falling behind the underreported rate of inflation that eats away at your retirement fund every year.

In the next market crash, you could be left vulnerable and unprotected.

Wall Street financial advisers are supposed to build and preserve your wealth, yet they are untrained in portfolio construction and how to contain risk and bulletproof your investments. They charge high fees and sometimes put their own interests ahead of yours.

Now Ed Butowsky, a Wall Street insider who spent two decades as one of the top producers at the fabled firm of Morgan Stanley & Co., breaks from the pack to reveal the flaws, fibs and failings of financial advisers. To fix this mess, he has created the new CHIP Score to empower you to evaluate the potential for Risk & Reward in your portfolio and grade your adviser—before the next meltdown.

Nobody else on Wall Street ever dared to create anything like it. Wealth Mismanagement will empower investors to protect themselves. Read it & reap.

Product Details

BN ID: 2940161213001
Publisher: Post Hill Press
Publication date: 08/13/2019
Sold by: Barnes & Noble
Format: NOOK Book
Sales rank: 1,114,180
File size: 1 MB

About the Author

Ed Butowsky is the founder and managing partner of Chapwood Investments in Plano, Texas, advising professional athletes, CEOs, entrepreneurs, and other investors in how to build and preserve their wealth. He spent eighteen years at Morgan Stanley & Co. before founding his own firm. He is a frequent markets guest on Fox News Channel, Fox Business Network, CNBC, and Bloomberg TV, and is known for his blunt and contrarian views.

Dennis Kneale is a writer and media strategist in New York. He started his career at The Wall Street Journal, served as managing editor of Forbes magazine, and was an anchor at CNBC and Fox Business Network. In the Great Meltdown of 2008, he urged viewers to resume buying stocks just one month after the market hit bottom, and in June 2009 he correctly predicted the end of the Great Recession and the recovery that followed.

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