Product Info

mail facebook twitter Pinterest

Sorry.
Not Accepted at This Time.

Unconventional Success: A Fundamental Approach to Personal Investment (Hardcover, ed)

| Free Pr | 8/9/2005

ISBN-10 : 0743228383   ISBN-13 : 9780743228381   List Price : $32.00

Shipping Estimate : tomorrow

중고도서 가격표
Used Quality Grades Lowest Price Buy
Like New (0)-
Very Good (0)-
Good (0)-
Acceptable (1)$11.08

Overview

The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.

In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual-fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual-fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges.

Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual-fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations.

In short: Nearly insurmountable hurdles confront ordinary investors.

Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual-fund managers, investors create the preconditions for investment success.

Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.

Product Details

  • ISBN-10: 0743228383
  • ISBN-13: 9780743228381
  • Binding: Hardcover
  • Language: English
  • Pages: 403
  • Dimensions: 6.50 (w) x 9.76 (h) x 0.98 (d)