{"product_id":"rigged-money-isbn-9781118099681","title":"Rigged Money","description":"\u003cb\u003eToday's financial landscape and what Wall Street doesn't want you to know\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eRigged Money\u003c\/i\u003e 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the general public that investing across different asset classes is the only way to protect wealth, but this is an outdated rule that no longer applies.\u003c\/p\u003e \u003cp\u003eSince asset classes—small caps, large caps, international investments, gold, and bonds—now overlap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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eRisk Isn't Constant: Pie charts lie when it comes to accurately describing the risk of stocks and bonds\u003c\/li\u003e \u003cli\u003eDividends Are No Silver Bullet: They are designed to entice investors rather than to increase a company's value or your net worth\u003c\/li\u003e \u003cli\u003eBuy 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\u003c\/li\u003e \u003cli\u003eGold Is Not an Investment: Gold is today's currency of fear, and this fear is driven by escalating government debt\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn unflinching look at this new financial world, Lee Munson's \u003ci\u003eRigged Money\u003c\/i\u003e arms today's investors with the simple, smart, and clear advice needed to level the playing field.\u003c\/p\u003e \u003cb\u003ePreface xi\u003c\/b\u003e \u003cp\u003e\u003cb\u003eAcknowledgments xvii\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Old School . . . of Thought\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Buy and Hope: The Scam? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBlame the Dutch! 5\u003c\/p\u003e \u003cp\u003eAll the Wrong Moves? 7\u003c\/p\u003e \u003cp\u003eTime Is Not on Your Side 14\u003c\/p\u003e \u003cp\u003eMy Dinner with Burton 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Lie of the Pie 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eToday’s Outrage: Pie Town 23\u003c\/p\u003e \u003cp\u003eThe Original Pie Crust 26\u003c\/p\u003e \u003cp\u003eBreaking Eggs, Then the Entire Kitchen 29\u003c\/p\u003e \u003cp\u003eSo, What Is Next? Risk Budgeting! 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Wall Street: The Set Up\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Mayday 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow the SEC Let the Dogs In 43\u003c\/p\u003e \u003cp\u003eMayday, We Have Soft Dollars! 45\u003c\/p\u003e \u003cp\u003eSoft Dollars 47\u003c\/p\u003e \u003cp\u003eDeath of the Stockbrokers 49\u003c\/p\u003e \u003cp\u003eShort History of Advice 51\u003c\/p\u003e \u003cp\u003eAvoiding Fleas 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Research by the Pound 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eResearch by the Pound 64\u003c\/p\u003e \u003cp\u003eThe Report Trail 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 401(k): Gun to Your Head 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow We Became Traders 72\u003c\/p\u003e \u003cp\u003eThe Mutual Fund Supermarket Is Born 76\u003c\/p\u003e \u003cp\u003eNo Stockbroker Is an Island 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Liquid Casino 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLiquidity Is God 87\u003c\/p\u003e \u003cp\u003eWhy Dark Is In 94\u003c\/p\u003e \u003cp\u003eWhen the Lights Go Out 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Surviving the Rigged Game\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 How Wall Street Sees You 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs That Really What You Want? 101\u003c\/p\u003e \u003cp\u003eTaking a Strong Opinion Too Far? 104\u003c\/p\u003e \u003cp\u003eCramer Is Driving Me Crazy 106\u003c\/p\u003e \u003cp\u003eHow a So- Called Pro Fools Himself 108\u003c\/p\u003e \u003cp\u003eOther Distorted Images 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 ETFs: Fact or Fiction? 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelling the Sizzle 116\u003c\/p\u003e \u003cp\u003eGetting Down to Earth 118\u003c\/p\u003e \u003cp\u003eThe Audit Part I: Sectors 119\u003c\/p\u003e \u003cp\u003eThe Audit Part II: Grain Wars 122\u003c\/p\u003e \u003cp\u003eThe Audit Part III: Junk Is Garbage 125\u003c\/p\u003e \u003cp\u003eThe Final Audit: We Have a Winner! 127\u003c\/p\u003e \u003cp\u003eThe Virus Goes Airborne 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Gold Is Money 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Use of Gold 137\u003c\/p\u003e \u003cp\u003eGold Is Standardized 142\u003c\/p\u003e \u003cp\u003eControl versus Live Free or Die 144\u003c\/p\u003e \u003cp\u003eBrave New Non- Pegged World 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Options: \u003ci\u003eReally?\u003c\/i\u003e 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo You Want Them? 149\u003c\/p\u003e \u003cp\u003ePractical Strategies 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Dividends: A Conundrum! 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Pitch 158\u003c\/p\u003e \u003cp\u003eThe Early Days 160\u003c\/p\u003e \u003cp\u003eGrowth Breaks Out 164\u003c\/p\u003e \u003cp\u003eWhat’s Next? 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 The New Scam 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Did We Get Here? 170\u003c\/p\u003e \u003cp\u003eHistory Repeats Itself 173\u003c\/p\u003e \u003cp\u003eFurther Down the Rabbit Hole 179\u003c\/p\u003e \u003cp\u003eCredit Unions 185\u003c\/p\u003e \u003cp\u003eCorporate Credit Unions 188\u003c\/p\u003e \u003cp\u003eAfterword 191\u003c\/p\u003e \u003cp\u003eNotes 193\u003c\/p\u003e \u003cp\u003eAbout the Author 197\u003c\/p\u003e \u003cp\u003eIndex 199\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eLEE MUNSON\u003c\/b\u003e worked as a speculative tradervduring the dot-com boom and bust until he had an epiphany and began to question everything about his approach to investments. Realizing that Wall Street is a game that isn’t always played to give investors a fair chance at winning, Munson went on to form an asset management firm, Portfolio LLC, in New Mexico that is ranked as one of the fastest growing firms in the country. A frequent guest on CNBC’s \u003ci\u003eThe Kudlow Report\u003c\/i\u003e, he is a contributor for TheStreet.com and is quoted in numerous financial publications such as the \u003ci\u003eWall Street Journal, SmartMoney,\u003c\/i\u003e and the \u003ci\u003eKiplinger Report\u003c\/i\u003e.    \u003c\/p\u003e\u003cp\u003eTo understand the economy you have to understand one simple, but unspoken, truth: Wall Street needs money from Main Street, not the other way around. Keeping this secret from the public has been an essential part of the development of the American economy for over four hundred years, but now that you know it—and with advice from Wall Street insider-turned-realist Lee Munson—you have the power to protect yourself and your money.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eRigged Money: Beating Wall Street at Its Own Game\u003c\/i\u003e explains in detail how the financial industry has systematically worked to convince the public that investing across different asset classes is the only way to protect wealth. At one point this was probably sage advice, but today it’s an outdated rule more likely to bring disaster than success. Since asset classes—from small caps and international stocks to gold and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone, and with it, any reason for spreading your money around. It’s this change in the financial landscape, and the rules of the game, that Wall Street doesn’t want you to know about, and that this book discusses.  \u003c\/p\u003e\u003cp\u003eRevealing the truth about the system while arming you with the simple, smart, and clear advice that you need to go head-to-head with the financial giants, \u003ci\u003eRigged Money\u003c\/i\u003e provides advice to investors on what Wall Street is doing behind your back and how you can use the same techniques and knowledge to level the playing field.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989964964069,"sku":"NP9781118099681","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118099681.jpg?v=1761786054","url":"https:\/\/k12savings.com\/products\/rigged-money-isbn-9781118099681","provider":"K12savings","version":"1.0","type":"link"}