Rigged Money

Beating Wall Street at Its Own Game

By: Lee Munson

Narrated by: Michael Wurzel

Today's financial landscape and what Wall Street doesn't want you to know....

Rigged Money is based on one simple truth: Wall Street needs money from Main Street, not the other way around. The financial industry has convinced the general public that investing across different asset classes is the only way to protect wealth, but this is an outdated rule that no longer applies. Since asset classes - small caps, large caps, international investments, gold, and bonds - now overlap when it comes to risk and volatility parameters, the diversification effect is gone. That's exactly what Wall Street doesn't want you to know - that the rules of the game have changed.

• Risk isn't constant: Pie charts lie when it comes to accurately describing the risk of stocks and bonds
• Dividends are no silver bullet: They are designed to entice investors rather than to increase a company's value or your net worth
• Buy and hold is dead: The financial world (and all the companies and securities in it) moves too quickly and is changing too often for this theory to hold true today
• Gold is not an investment: Gold is today's currency of fear, and this fear is driven by escalating government debt

An unflinching look at this new financial world, Lee Munson's Rigged Money arms today's investors with the simple, smart, and clear advice needed to level the playing field.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2012 Lee Munson (P)2012 Audible, Inc.

finance lesson with no conclusion

the author took us through 200 years of finance history. he pointed out how each financial option was rigged against you but never demonstrated how to actually beat the system. in the end he concluded that he beat the system at its own game because he got paid well as a stock broker that's not helpful as an investor. overall I was disappointed that there were no actual conclusions at the end other than it's all bad.