Self-Help Books:

Forget Wall Street

Non-Profit Investment Companies Give You Higher Returns

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Paperback

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Forget Wall Street: Non-Profit Investment Companies Give You Higher Returns by Law Steeple Mba
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Description

Wall Street takes $530 billions of our money every year Every year, you and I give up $530 billions of our returns to the middle people who claim they can outperform everyone else. Most can't and we lose. The average investor earned just 3.79% annually while a market index earned 11% over any period for 30 years. http: //www.dalbar.com/Portals/dalbar/cache/News/PressReleases/DALBAR%20Pinpoints%20Investor%20Pain%202015.pdf According to an unbiased Morningstar study, low-cost funds beat high-cost funds all the time. It is a myth of Wall Street that you must pay more for good performance. You are just paying for the Wolf of Wall Street's toys. Other Wall Street myths: Buy low, sell high; manager tenure; proven performer; get in on the ground floor; concentrate portfolio. Warren Buffett, master investor, says "use low-cost index funds" "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." Mr Buffett also said that his secret is compound interest: My wealth has come from a combination of living in America, some lucky genes, and compound interest. Compounding high investment returns is money earning money on its prior earnings over time. Simple but powerful.

Author Biography

Law Steeple has been in financial services for over 20 years. He was a managing executive of the sales units of a number of bank securities firms. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes and Noble, Abebooks. Law lives in New Jersey and Florida.
Release date Australia
November 6th, 2015
Country of Publication
United States
Illustrations
black & white illustrations
Imprint
Createspace Independent Publishing Platform
Pages
68
Dimensions
152x229x4
ISBN-13
9781519125729
Product ID
24357393

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