Navigating the investment minefield : a practical guide to avoiding mistakes, biases, and traps / by H. Kent Baker (American University, Kogod School of Business, USA), and Vesa Puttonen (Aalto University, School of Business, Finland).

Format:

Book

Author/Creator:

Baker, H. Kent, author.

Puttonen, Vesa, author.

Language:

English

Subjects (All):

Investments.

Physical Description:

1 online resource (214 pages)

Edition:

1st ed.

Place of Publication:

Bingley : Emerald Publishing Limited, [2019]

Summary:

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.

Contents:

Prelims

Navigating the investment minefield: don't be intimidated by the world of investing

Avoiding common investing mistakes: don't make the same mistake twice

Overcoming your behavioral biases: don't be your own worst enemy

Trap 1: Overpaying for products and services

Trap 2: Becoming a victim of investment frauds and scams

Trap 3: Misrepresenting risky products as safe

Trap 4: Investing in complex products

Trap 5: Relying on unsupported evidence

Trap 6: Having unrealistic return expectations

Trap 7: Engaging in gambling disguised as investing

Trap 8: Falling for mutual fund traps

Index.

Notes:

Includes index.

ISBN:

9781787690530

1787690539

9781787690554

1787690555