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Unconventional Success: A Fundamental Approach to Personal Investment [David F. Swensen] (Tapa Dura)

Modelo 9780743228381
Fabricante o sello Pocket Books
Peso 0.65 Kg.
Precio:   $2,469.00 $1,989.00
Si usted ordena este producto ahora y si nosotros podemos confirmar la orden hoy mismo, entre el 28-04-2019 y el 07-05-2019 el producto estara en nuestro deposito en Argentina.
Descripción
- Autor:
- Idioma: Ingles
- Formato: Papel -Tapa Dura
- Editorial: Free Press
- ISBN-13: 9780743228381
- Páginas: 403
- Dimensiones: 23.50cm. x 15.54cm. x 3.30cm.
- Peso: 0.55 kg.

- Descripción:
The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual-fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual-fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges. Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual-fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual-fund managers, investors create the preconditions for investment success. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.
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