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Stop the Investing Rip-off: How to Avoid Being a Victim and Make More Money

Stop the Investing Rip-off: How to Avoid Being a Victim and Make More Money

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Author: David B. Loeper
Publisher: Wiley
Category: Book

List Price: $19.95
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Rating: 4.0 out of 5 stars 5 reviews

Media: Paperback
Edition: Original
Pages: 178
Number Of Items: 1
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 5.9 x 0.7

ISBN: 0470448792
Dewey Decimal Number: 332.6
EAN: 9780470448793

Publication Date: June 2, 2009
Availability: Usually ships in 1-2 business days

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  • ISBN13: 9780470448793
  • Condition: New
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Editorial Reviews:

Product Description

The Investing Rip-Off

How can you tell whether an advisor is conflicted or looking out for your best interests?

What questions should you ask when making important investment decisions?

How can you select investments that avoid needless expenses and risk?

As investors, many of us have put our faith in the financial services industry when it comes to the stewardship of our wealth. Unfortunately, the industry has consistently failed us on this front.

The financial services industry—including banks, brokerages, and insurance companies—is unique among all others. Through effective advertising and marketing, it's been able to evade being painted with the brush other underperforming industries have, and in most cases, their well-designed sales pitch has allowed them to effectively prey on the emotional desires of investors.

Based on author David Loeper's nearly twenty-five years of experience with this industry's inner workings, Stop the Investing Rip-off reveals the real costs of the investments we make, details the false and misleading information sold to us, and discusses the devastating effects they can have on personal wealth. With this book as your guide, you'll gain invaluable insights into the major segments of the financial services industry, how they spin their offerings, and the questions you need to ask before committing any money to a financial product or service you may be interested in.

Filled with in-depth insights and practical advice, Stop the Investing Rip-off sheds much-needed light on the often-unseen aspects of the financial services industry—exposing what?only insiders know—and shows you how to avoid the conflicts of interest that could compromise your financial well-being.


Customer Reviews:
4 out of 5 stars Tells it like it really is!   February 12, 2010
LOTONtech (www.lotontech.com)
1 out of 1 found this review helpful

I like books such as this one, which tell it like it really is in the "financial advice" business. Don't meet with a financial advisor to discuss a pension scheme, insurance plan, or any other investment until you have read this book!

I don't necessarily agree with the 'solution' -- which implicitly involves engaging the author's firm, albeit sold softly -- but I certainly agree with the 'problem' that is so expertly outlined in this book.

Tony Loton, author - Don't Lose Money!: (In The Stock Markets)



2 out of 5 stars Not much here   November 8, 2009
Scott A. Prost-domasky (Florissant, MO USA)
0 out of 1 found this review helpful

I didn't really get much from this book. The target audience likely is experienced investors, people with some knowledge about investing through monitoring their own investments. If you are inexperienced investor, for instance, you will understand about 20% of this book. Not good. If you are experienced, you likely already know about 80-90% of this book. I consider myself experienced, though not an expert. Most of us so-called experienced investors already knew bozos like Cramer were more like PT Barnum than they were like John Bogle. We already knew that our brokers had no legal responsibilities to manage our accounts according to OUR interests, and not theirs, and that they had HUGE conflicts of interest because of how they are paid. So what's new with this book?


5 out of 5 stars The business of investing is not the same as investing in businesses   August 14, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
1 out of 2 found this review helpful

I read the book Investing in One Lesson by Mark Skousen who said that the business of investing is not the same as investing in a business. Stop the Investing Rip-Off describes to readers what the business of investing is all about. The author educates investors about brokers, advisors, discount brokers, financial planners, wealth managers, and authors. I cannot overemphasize the importance of understanding the business of investing in order to be successful at investing.

I absolutely loved this book. I did not agree with everything, but it really makes you think about everything you think you know. I highly recommend it.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market



5 out of 5 stars A map through the landmines of the investing industry   July 13, 2009
R. P. Wilson (VA, USA)
2 out of 3 found this review helpful

This book is an easy read but is packed with valuable information about the motivations and conflicts of many investment advisors sitting across the desk from you in their office or in the coffee shop providing supposedly sage independent advice about your financial future. Many advisory professionals are sincere in their advice practice, but uninformed of the fallacies they spread as gospel, because they were taught a fallacious view on investments by the firm they work for or are one of many advisor addicted to casino style betting financial jargon and fads of the popular financial media. The worse of them are simply trying to maximize the commissions or fees they earn while minimizing the effort to do so in order to live their own financial dreams, and have rationalized themselves into believing they are doing more good than harm, while avoiding any fiduciary duty to you ahead of their own interests.

One of the biggest industry lies Loeper exposes in very straightforward language is that despite regulatory diclosures that the past market performance of any stock, mutual fund, or other investment is not indicative of future performance, a very high percentage of all presentations to investors are essentially trying to tell investors the opposite is true. That the advisor himself, or another money manager they are recommending, supposedly does have a performance track record that foretells of future riches for the investor - a selling point in direct conflict with this required disclosure.

Many examples of this type can be found in this book and it provides the reader with several types of questions they can ask a prospective advisor to help avoid possibly catastrophic pitfalls.



5 out of 5 stars Informative and Easy Read   June 4, 2009
CH Basel (Virginia, USA)
2 out of 4 found this review helpful

I found this book to be a quick read and very informative.
For those not "in the business" this book does a lot of explaining about the industry and current practices.


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