Heads I Win, Tails I Win: Why Smart Investors Fail and How to

Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor

INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE
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According to Wall Street Journal investing columÂnist Spencer Jakab, most of us have no idea how much money weâ€™re leaving on the tableâ€”or that the average saver doesnâ€™t come anywhere close to earning the â€œaverageâ€ returns touted in those glossy brochures. Weâ€™re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours.
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Unless youâ€™re very handy, you probably donâ€™t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, weâ€™ve been entrusted with our own finances and, for the most part, failed miserably.
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Since leaving his job as a top-rated stock anaÂlyst to become an investing columnist, Jakab has watched his readersâ€”and his family, friends, and colleaguesâ€”make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.
Blending entertaining stories with some surÂprising research, Jakab explains
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Â·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy.
Â·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if theyâ€™d picked one who has struggled.
Â·The best way to cash in on your hunch that a recession is looming.
Â·How people who check their brokerage accounts frequently end up falling behind the market.
Â·Who isnâ€™t nearly as good at investing as the media would have you think.
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He also explains why you should never trust a World Cupâ€“predicting octopus, why you shouldnâ€™t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you ecoÂnomic news from the future.
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Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.

From the Hardcover edition.
Country USA
Manufacturer Portfolio
Binding Kindle Edition
ReleaseDate 2016-07-12
Format Kindle eBook

Country	USA
Manufacturer	Portfolio
Binding	Kindle Edition
ReleaseDate	2016-07-12
Format	Kindle eBook

Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor

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