McGraw Hill
Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
Subjects: Economics,
Business studies: general
ISBN13: 9781265432966
Published: 2023-11-20 00:00:00 +0800
Format - Hardback
Regular price
A$39.56
Sale price
A$39.56
Regular price
A$43.95
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Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
Regular price
A$39.56
Sale price
A$39.56
Regular price
A$43.95
Product description
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A Wall Street insider draws back the curtain on how financial firms take advantage of individual investors—and delivers the information and insights you need to turn the tablesNationwide brokerage firms have perfected the secrets for how to legally fool the rest of us into giving them our hard-earned money.Written by a renowned leader and financial reform advocate who has seen every trick in the book firsthand, Outsmart the Money Magicians reveals how biased the financial system often is, and helps you see through the illusions, understand exactly what is happening with your money, and make investing and tax decisions accordingly. You’ll learn everything there is to know about how often Wall Street and the IRS rely on hard-to-see deceptions that encourage the public to behave a certain way, including:
- Encouraging people to save a fixed amount each month in an illusion called Pay Yourself First
- Hiding the profits created by dividends and rebalancing, to motivate people to sell investments worth keeping
- Leveraging fear of the higher “tax bracket” to incentivize us to spend more money on government-approved deductions
- Giving every member of their salesforce the same “advisor” title even though they often have very different offerings like mortgages, insurance, and credit cards
- Forcing advisors to use their customers like products whenever they change firms
- Refusing to commit in writing to a service model regular people can understand and appreciate
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