Money Wise: How to Create, Grow, and Preserve Your Wealth

By A. Michael Lipper and Douglas R. Sease

Book Overview

"[E]xtremely appealing….[A] book that may help you preserve whatever money you have and think carefully about what you want to do with it.--Paul R. Brown, The New York Times In These Turbulent Times, Do You Use Your Wealth Wisely? A. Michael Lipper, the analyst and founder of Lipper Analytical Services, is a lifelong investor and one of the world's leading authorities on funds. The man whose work is often quoted "according to Lipper," addresses the growing need to understand how to think about wealth; not only how to invest it, but also how to spend it, and leave it to one's descendents. Using insights gained from four decades on Wall Street, he shows that wealth is a state of mind as much as the size of a bank account, and gaining wealth and keeping it can be two very different skills. With the wisdom of Mike Lipper's experience, investors can make sound financial choices for themselves and their heirs. Topics include: -How to match your hard and soft assets-your true net worth-with your hard and soft liabilities in a personal balance sheet -How to put risk to work for you -How to find the right investment advisors and how to advise them correctly to serve your needs -How to determine your "investor personality." Are you an Absolute Investor, a Confident Investor, an Uncertain Investor, a Relative Investor, a Fiduciary Investor, a Bored Investor, a Guilty Investor, a Financial Death-Wish Investor, or a Paralytic Investor?

• Format: Paperback
• Language: English
• ISBN: 0312585985
• ISBN13: 9780312585983
• Release Date: September 2009
• Publisher: St. Martin's Griffin
• Length: 288 Pages
• Weight: 0.76 lbs.
• Dimensions: 9.0" x 0.8" x 6.0"

Customer Reviews

Learn how to handle your wealth!

Unfortunately for me, I do not have to ask myself the "What now?" question about my wealth because I haven't amassed it yet. Many of you have created great wealth for yourselves and Michael Lipper and Douglas Sease have written a book specifically for you, to help you preserve the wealth that you have worked so hard to create and how to make it even bigger! Do you even know how much wealth you have? This book will help you to measure your wealth, learn about investing and what works for you, learn how to spend your wealth and when not to spend it. Mike Lipper is an analyst who has helped develop the Lipper Indices for mutual funds, so you are hearing this from an expert that can really help you. If you have been successful and have accumulated wealth that you just don't know how to handle, take the advice of a credible, and proven expert to make your money work for you and not against you. Many people are scared of investing, advisors and money, this book will help you shelve your fears. If you are like me and don't have any wealth as of yet, I would recommend you read this book so that when your wealth hits you, you know what to do with it in a smart and knowledgeable way.