How Wall Street Cheats Investors Out of Their Money and Financial Future - And What You Can Do About It.
Average investors are harmed every day without realising it, through commonplace practices at full-service and discount firms alike, as well as Internet investment sites and 401K plans. No longer, promises Mark Dempsey in this compelling book. He exposes these deceitful practices, and teaches investors how to fight back with point-by-point tips and useful warnings.
Dempsey reveals that middle-class customers (with personal incomes between $50,000 and $100,000) aren't given access to the same research information and stock-buying tips as their wealthier counterparts, don't have the same opportunities to invest in profitable IPOs, and are regularly encouraged to invest in mutual funds that perform well below the market average. This, despite the fact that they make up two-thirds of the country's investors, and are responsible for the bulk of commissions brokers receive.
Not fair, argues Dempsey, and he gives investors the knowledge they need to make the investment world work for them.
