This Element is an excerpt from It's About More Than the Money: Investment Wisdom for Building a Better Life (9780137050321) by Saly A. Glassman. Available in print and digital formats. Why the best investment advice you ever get might be what not to do. Shortly after 9/11, a terrible period for all investors and advisorsafor all AmericansaEdward called to thank his advisor. aThank me?a the advisor exclaimed. aWhy? I feel terrible about our losses over the last year.a Edward said, aNo, you donat understand. You told me not to invest $600, 000 in a private equity partnership I was seriously considering. Iave just learned that investment was a total failure.aTerms (fixed, variable, time frame, fees to borrow) ac Value/carrying costs of the asset(s) you used to acquire the debt ac Value/carrying costs of the assets(s) collateralizing ... Our mortgage, home equity, and credit card debt total over $435, 000.
|Title||:||The Best Investment Advice Is Sometimes About What Not to Do|
|Author||:||Saly A. Glassman|
|Publisher||:||Pearson Education - 2010-11-03|