Description
Book SynopsisWinner of the Book Excellence Awards 2017, Personal Finance category Given the complex and challenging world of investing, what chance do individuals have navigating the financial minefield and emerging unscathed? Not much, unless they become knowledgeable about investment fundamentals, recognize and correct their mistakes and behavioral biases, and avoid traps strewn along their path.
Investment Traps Exposed guides investors past such potential pitfalls as pyramid and Ponzi schemes to help them become more financially successful.
Investment Traps Exposed helps investors and advisors increase their awareness about the external and internal traps that they or their clients can encounter. Baker and Puttonen not only examine common mistakes, assumptions and deceptions that can ensnare investors, affect sound judgment, and reduce wealth but also delve into how to recognize and avoid these errors. The authors present practical advice and real-world examples in a user-friendly manner, and also nudge investors to stay on the right course to mitigate misbehaving.
Trade ReviewBaker and Puttonen help people who invest money recognize and avoid common mistakes, behavioral biases, and investment traps that can reduce wealth. The traps they describe are pyramid and Ponzi schemes, other investment frauds, misrepresenting risky products as safe, making unrealistic return expectations, falling for mutual fund traps, overpaying for products and services, investing in complex products, gambling disguised as investing, and relying on unsupported promises. -- Annotation ©2017 * (protoview.com) *
Table of Contents1. Navigating the Investment Minefield 2. Common Investing Mistakes: Round One 3. Common Investing Mistakes: Round Two 4. How Behavioral Biases Can Hurt Your Investing 5. Trap 1: Becoming a Victim of Pyramid and Ponzi Schemes 6. Trap 2: Being Deceived by Other Investment Frauds 7. Trap 3: Misrepresenting Risky Products as Safe 8. Trap 4: Making Unrealistic Return Expectations 9. Trap 5: Falling for Mutual Fund Traps 10. Trap 6: Overpaying for Products and Services 11. Trap 7: Investing in Complex Products 12. Traps 8 and 9: Engaging in Gambling Disguised as Investing and Relying on Unsupported Promises Index
