When you think about investing, what words come to mind? Overwhelming? Intimidating? Scary?
Investors face a vast array of investment options vying for their business. They are aware that some of those providing these "opportunities" seek to take advantage of them. And although most investors realize they are fallible, they often have no clear idea why or what they can do about it. So what chance do less savvy investors have navigating the investment minefield and emerging unscathed?
The answer is not much-unless they recognize the pitfalls along the way. In this book, H. Kent Baker and Vesa Puttonen show new investors how to avoid rash financial decisions and basic investing sins. They help them to recognize and avoid common investing mistakes, behavioral biases, and traps that can affect sound judgment and reduce wealth. Ultimately, they explain how to separate investment fads from time-tested investment principles-a task that is easier said than done, but that is well worth the effort.
Navigating the Investment Minefield is essential reading for novice investors, and it is of keen interest to more seasoned investors seeking a refresher course on the most basic, time-honored truths of wealth management.
When you think about investing, what words come to mind? Overwhelming? Intimidating? Scary?
Investors face a vast array of investment options vying for their business. They are aware that some of those providing these "opportunities" seek to take advantage of them. And although most investors realize they are fallible, they often have no clear idea why or what they can do about it. So what chance do less savvy investors have navigating the investment minefield and emerging unscathed?
The answer is not much-unless they recognize the pitfalls along the way. In this book, H. Kent Baker and Vesa Puttonen show new investors how to avoid rash financial decisions and basic investing sins. They help them to recognize and avoid common investing mistakes, behavioral biases, and traps that can affect sound judgment and reduce wealth. Ultimately, they explain how to separate investment fads from time-tested investment principles-a task that is easier said than done, but that is well worth the effort.
Navigating the Investment Minefield is essential reading for novice investors, and it is of keen interest to more seasoned investors seeking a refresher course on the most basic, time-honored truths of wealth management.
Introduction Chapter 1. Navigating the Investment Minefield Chapter 2. Avoiding Common Investing Mistakes Chapter 3. Overcoming Your Behavioral Biases Chapter 4. Trap 1: Overpaying for Products and Services Chapter 5. Trap 2: Becoming a Victim of Investment Fraud Chapter 6. Trap 3: Misrepresenting Risky Products as Safe Chapter 7. Trap 4: Investing in Complex Products Chapter 8. Trap 5: Relying on Unsupported Evidence Chapter 9. Trap 6: Having Unrealistic Return Expectations Chapter 10. Trap 7: Engaging in Gambling Disguised as Investing Chapter 11. Trap 8: Falling for Mutual Fund Traps
H. Kent Baker, CFA, CMA, is an award-winning author/editor of 30 books including Investment Traps Exposed and Investor Behavior: The Psychology of Financial Planning and Investing. With more than 40 years of investment experience, he offers a practical approach to helping investors achieve their financial goals. He has consulting and training experience with more than 100 organizations. Professor Baker has helped train thousands of individuals to enter the investment professions. He is University Professor of Finance in the Kogod School of Business at American University and has eight earned degrees including three doctorates. Vesa Puttonen has extensive investment experience and has worked as Senior Vice President at the Helsinki Stock Exchange and as Managing Director at Conventum Asset Management (Helsinki). He has been a member of various boards of directors and investment committees and served as the Chairman of the Board, Finnish Hockey League. Professor Puttonen is Professor of Finance at Aalto University's School of Business and a faculty member of MBA Programs in Helsinki, Hong Kong, Singapore, Poland, China, Iran, Taiwan and South Korea. He has published numerous books and articles in the areas of finance and investments.
The practical aspects of investments are still a void in our
academic literature. Professors Baker and Puttonen have written
this excellent and brilliant book to help introduce and elaborate
the practical dimensions of investments. This book is a must read
for any investor, finance practitioner, and business student.
Frequent and common mistakes in investments and understanding risky
products, among other topics, are well explored. Enjoy reading this
book for developing better insights into the world of investment
and wiser strategies. I strongly recommend this important book.
*Dr. Ehsan Nikbakht, CFA*
Masterfully written, Baker and Puttonen identify the allure of
various ideas that so easily entice inexperienced investors away
from making wise decisions. Sprinkling in quotes from corporate
executives, entrepreneurs, journalists and academics, the authors
provide sage advice on how to avoid disastrous consequences when
maneuvering through troubled investment waters -- giving even the
most timid of sailors the certainty that they will chart the best
course for use of their treasure!
*Syracuse University*
This guide helps nonprofessional investors avoid common mistakes,
behavioral biases, and investment traps. It discusses the
importance of becoming financially literate about the investment
world, common investing mistakes, behavioral biases that can be
detrimental to wealth, and eight investment traps, with real-life
examples from around the world, and how to mitigate them:
overpaying for products and services, becoming a victim of
investment frauds and scams, misrepresenting risky products as
safe, investing in complex products, relying on unsupported
evidence, having unrealistic return expectations, engaging in
gambling disguised as investing, and falling for mutual fund
traps.
*(protoview.com)*
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