Overview

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. 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.

About the Author

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. Law lives in New Jersey and Florida.

Product Details
Author:  Law Steeple, MBA
ISBN:  1519125720   
Publisher:  Createspace
Publish Date:  November 06, 2015
Pages:  68 pages
Dimensions:  0.14" H x 9.0" L x 6.0" W (0.23 lbs) 

Forget Wall Street: Non-Profit Investment Companies Give You Higher Returns


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