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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Your Investment Advisor is Wrong!

Your Investment Advisor is Wrong!

Paperback

Personal Finance

ISBN10: 142188643X
ISBN13: 9781421886435
Publisher: 1St World Lib Inc
Published: May 16 2012
Pages: 152
Weight: 0.44
Height: 0.35 Width: 5.50 Depth: 8.50
Language: English
In October 2008, the world's financial markets crashed. Most institutional and individual financial advisors, particularly those who believed in diversifying risk through asset allocation, saw their clients' portfolios drop by unimagined amounts. At least fourteen trillion dollars in equity (stock) valuation-not just a few hundred billion-was lost. Hard assets (particularly gold), other commodities, private equity investments, and fixed income-all of which were presumed uncorrelated or lowly correlated to equities-collapsed with the decline of stocks and real estate. With the exception of Treasury bonds, considered a deflation hedge, no asset class was spared. Clients-people like you and me-lost many nights of sleep wondering what happened and what to do next.

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Personal Finance