The money compass : where your money went and how to get It back / Mark Grimaldi, G. Stevenson Smith.

Format:

Book

Author/Creator:

Grimaldi, Mark.

Contributor:

Smith, Stevenson G.

Language:

English

Subjects (All):

Finance, Personal--United States.

Finance, Personal.

Finance, Public--United States.

Finance, Public.

Financial security.

Investments--United States.

Investments.

United States--Economic conditions--21st century.

United States.

Physical Description:

1 online resource (258 p.)

Edition:

1st edition

Place of Publication:

Hoboken : Wiley, [2014]

Language Note:

English

System Details:

text file

Summary:

Between the ongoing recession, the collapse of the housing market, and the crumbling of the middle class, many Americans are left wondering what happened to the American Dream. They're also wondering what happened to their money. For millions of people, just making ends meet is challenging enough. So when it comes to saving and investing, it seems like the deck is stacked against you. The bad news is that you're right. If the economy were a card game, the dealer would hold all the aces. But the good news is that you don't have to play by the house rules. Renowned for his unvarnished i

Contents:

The Money Compass: Where Your Money Went and How to Get It Back; Copyright; Contents; Preface; Acknowledgments; Chapter 1: Introduction: The Invisible Hand of Confiscation; The Fourth Branch: K Street Government; More Income Tax and More Debt, Too; Monetization of the Debt: Say What?; The Last Biggie: Repeal of Glass-Steagall and Gamblers Gone Wild; Summary; References; Chapter 2: Greenspan and the Growing Bubble; Simple Plans Often Become Complicated; Moving On . . .; The 36-Day Election; My Takeaway Is More than Fries; Summary; Reference; Notes

Chapter 3: Drop the "U" Out of "Housing" and You Get What America Got2000 to 2006: The Perfect Storm; Oops, Almost Made It; 2007: All Fall Down; 2008: The Year of Reckoning; The Fat Lady Sings: "It's Not Over"; 2009 to 2012: The Road to Recovery?; Looking Ahead; 50-Year Mortgages; What to Do Next? Let's Buy a House; Self-Directed IRAs; Buying Foreclosed Homes; Summary; Reference; Notes; Chapter 4: Credit Cards: Let Me Have It NOW! And They Did; The New Law; Let's Skip a Payment; The Contract; Interest Varieties; APR; Let's Move to South Dakota; How Is That Interest Rate Figured?

Average Daily BalanceAverage Daily Balance with Compounding; Previous Balance Method; Two-Cycle Method; Jacking the Interest Rate; The Credit Card Tax; Tipping a Hat to Debit Cards; Getting Back; Any Negative Effects; Summary; Notes; Chapter 5: Who Are Target-Date Retirement Funds Targeting?; A Ticking Time Bomb; The Dawdling SEC; What Can You Do?; Chapter 6: Four-Oh-One-Kay Tales; The Truth about Your 401(hey)!; Meet Mr. Uninformed and Mrs. Navigator; Mr. Uninformed and Mrs. Navigator, 10 Years Later; A Little More Sizzle; One Exception; Four Reasons to Invest in After-Tax Accounts; Summary

Chapter 7: Exchange-Traded FundsIs Mr. Bogle "Indexing" the Problem?; What Is an Index Fund?; Why Invest in an Index Fund?; Giving Up Downside Protection; Giving Up the Ability to Lock In Profits; Why Not Buy and Hold?; So What's Wrong with ETFs?; How Much Should You Pay for an ETF Trade?; The Benefits of Professionally Managed ETFs; Ranking ETFs the Grimaldi Way; Summary; Note; Chapter 8: Who Took My Money Now? The Collapsing Education System; The Feds and State Government; The Vendors; School Administrators, Relatives, and Cronies; The Boosters; Teachers, Sex, Unions, Drugs, and More Fraud

ParentsStudents; So What Are You and Yours Losing?; Are There Choices?; Summary; Notes; Chapter 9: Staying Poor in America; Rich or Poor?; What Else? Business Models Have Changed Our Way of Earning a Living; Other Factors Making Americans Poor; Spend It if You Got It or Pretend to Be Rich Until You Are Poor; Governmental Solutions; Private Solutions; Summary; Notes; Chapter 10: The Federal Debt Bomb: Hold Your Breath (at least try); Government Choices and Me; Raising Taxes; Austerity Measures; Debt Default; Monetization; What Am I Going to Lose in These Policy Choices?; The Retired

Wage Earners

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed January 16, 2014).

ISBN:

9781118830406

1118830407

9781118614617

1118614615

9781118614655

1118614658

OCLC:

878059684