Money Wise - 9780312585983

“[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?