(DOWNLOAD) "Invest in the economy, not the stock market" by Blaise Goetschin & Constantino Cancela * Book PDF Kindle ePub Free
eBook details
- Title: Invest in the economy, not the stock market
- Author : Blaise Goetschin & Constantino Cancela
- Release Date : January 26, 2018
- Genre: Finance,Books,Business & Personal Finance,
- Pages : * pages
- Size : 5871 KB
Description
This practical wealth management guide has at its heart one key recommendation: the need to constantly take a critical view of the “dominant financial philosophy”, whether fuelled by traditional financial theory (be it taken at face value or twisted) or by a mass media that is more interested in grabbing the attention of savers than furthering their financial education.
With this in mind, it is full of useful pointers for individuals who are keen to establish a clear process for their personal or family wealth. Above all else, it stresses the importance of long-term investment as a buffer against the knee-jerk, short-term reactions of the financial markets. Indeed, it is only over the long term that stock market valuations present an accurate reflection of economic fundamentals. Over shorter horizons, the markets are known to swing between phases of under and over-reaction to information from the real economy.
This practical guide also advocates intelligent diversification of wealth, beyond the familiar assets. Whilst diversification is a widely established principle, it is often harder to put into practice than one might think. It requires an understanding of the relationships between the major asset classes and how they are likely to react to economic and non-economic events.
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