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. Theyâre 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 youâre right. If the economy were a card game, the dealer would hold all the aces. But the good news is that you donât have to play by the house rules. Renowned for his unvarnished insight on finance and investing, money manager Mark Grimaldi has a reputation for telling it like it is. He doesnât sugarcoat the negative and he doesnât have time for the financial industry hype that leads to bad investing decisions. Hereâs the truth: the economy is in bad shape, but that doesnât mean you canât save responsibly, invest profitably, and retire comfortably.
In The Money Compass, Grimaldi teams up with accounting professor G. Stevenson Smith to offer a wealth of smart investing advice for todayâs investor. This plain-English guide to good investing presents practical strategies and actionable advice for safely navigating todayâs financial markets. It shows you how to manage credit and debt responsibly, how to use the tax code to your advantage, which kinds of trendy investing advice you should ignore, and where to put your money for solid returns.
In addition, the authors explore the hard macroeconomic realities that explain how we got here and where weâre going next. They look at the primary causes and consequences of the recession, the housing crash, the slow collapse of government programs, long-term unemployment, and how it all impacts you and your money. Plus, Grimaldi and Stevenson forecast the next big economic shock and show you how to profit from it.Â
The economic game is rigged to keep you poor and keep Wall Street rich. So itâs time to write your own rules. Whether youâre white collar, blue collar, or somewhere in between, The Money Compass gives you the commonsense guidance you need to chart a course to a comfortable financial futureâeven in the roughest economic waters.
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