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Title: Wall Street's Just Not That into You
Subtitle: An Insiders Guide to Protecting and Growing Wealth
Author: Roger C. Davis
Narrator: Dana Hickox
Format: Unabridged
Length: 2 hrs and 49 mins
Language: English
Release date: 11-18-15
Publisher: Bibliomotion, Inc.
Ratings: 5 of 5 out of 1 votes
Genres: Business, Personal Finance & Investing
Publisher's Summary:
Do you consider yourself a long-term investor? If so, chances are you have parked your money with an advisor and pay little attention to its performance and even less to the amount of risk in your portfolio. You may be told by Wall Street to buy stocks or funds and hold them or to create a diverse portfolio to protect yourself from risk and downturns in the market. Truth be told, new studies show this approach may not be serving the long-term investor well.
In his new audiobook, Roger Davis reveals point-blank that Wall Street's just not that into you. Drawing on an investment career spanning more than two decades, Davis delivers a dynamic and deadly accurate analysis of Wall Street's "one size fits all" approach - and why even wealthy investors should be wary.
Davis, who has two decades of experience managing funds, raises valid questions about traditional investment techniques, exposing the inherent dangers of relying on any one technique as a primary risk-management tool. As a listener, you will be taught critical, innovative strategies, like how to stress test your portfolio and "lose your losers". Davis reveals that most investors are less concerned about making sizeable returns on their investments than they are about protecting their wealth; yet many investors have the same unprotected exposure to the stock market that they did in 2008.
This book offers investors specific steps they can take to reduce investment risk and the right questions to ask of their current advisors to understand whether they should make changes. Refreshingly candid and highly informative, Wall Street's Just Not That into You offers a bold and thought-provoking alternative to the many books that offer up the same old principles of years gone by.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
Members Reviews:
Fails to deliver actionable advice
When this book was available on Kindle for a buck I thought it would be worth finding out what would be said about 'protecting and growing wealth' in a time of economic peril. What I found was disappointing. Although the general concepts are sound (such as starting by understanding your needs and wants, both now and in the future, especially in retirement, and making a plan based on those discoveries), that kind of advice has been covered many other places before.
So what about the specific bit of wealth protection and growth? As another review noted, the recommendations here are definitely counter to the 'buy and hold' mentality, but there are precious few details about what should be done instead. Well maybe that's not quite right -- the advice throughout the book is to buy when things are low, even if they are not still at the bottom, and sell when they're high, even if they are already past their peak. I think there is just one page in the book that tries to be more specific than that, and it basically says to compare the current price of the equity to the 200 day moving average.