Money Wise - How to Create, Grow, and Preserve Your Wealth(English, Paperback, Lipper A. Michael)
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In today's chaotic markets, millions of investors are asking themselves: What now? A. Michael Lipper, the analyst who invented the Lipper Averages for mutual funds, addresses the growing need for the wealthy to understand how to think about their wealth: how to invest it, spend it and leave it to their descendants. Using insights gained from four decades on Wall Street, he shows that wealth is a state of mind as much as the size of a bank account, and gaining wealth and keeping it can be two different skills. With the luxury of time and resources - and the wisdom of Mr. Lipper's experience - investors can make sound financial choices for themselves and their heirs. The topics include: how to match your hard and soft assets - your true net worth - with your hard and soft liabilities in a personal balance sheet; how to put risk to work for you; and, how to understand your 'investor personality'. Are you an absolute investor, a confident investor, or an uncertain investor?