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Synopsis:
You've been bludgeoned by the stock market. Corporate scandals keep erupting. You were betrayed by fund managers, brokers, analysts, strategists, and the market. Now what do you do? Where do you put your money? TheStreet.com's Jim Cramer always tells it like it is and his new bestseller tells you: what went wrong, who the bad guys were, and what you have to do to restore your financial health. Ignoring Wall Street isn't the answer. Cash alone isn't the answer. For honest answers, this book will help you find sound, rational - profitable - alternatives.
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Jacket Description:
You've been screwed.
You've been bludgeoned, skewered, crushed, mutilated by the stock market. Every day you read about another corporate scandal: loans to CEOs that didn't have to be repaid, accounting "irregularities," profits that never existed. You think the stock market must have been rigged. And you're right.
You were betrayed by the stock promotion machine - the mutual fund managers, the brokers, analysts, strategists and stock gurus who brainwashed you into buying and holding and believing that stocks, like parents, always come through and bail you out in the end.
So now what do you do? Where do you put your money? You can't just leave it in the bank or stuff it under the mattress.
For fifteen (check) years Jim Cramer ran a hedge fund that compounded money at a rate of 24% annually after fees, and then he got out at the end of 2000. He knows that there are ways to make money, smart ways that don't require you to own stocks blindly. There are other investments that won't send you to the poorhouse.
This book will tell you what went wrong, who the bad guys were, and what you have to do to restore your financial health. You can't just close your eyes. Ignoring Wall Street isn't the answer. Cash alone isn't the answer. This book has the answers.
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Table of Contents:
Contents
Part One The Bad Actors
One What Happened?
Two The Forces That Took Your Money: WorldCon
Three Enron
Four Rhythms Net
Part Two The Failed Philosophy and Institutions
Five All-Stocks-All-the-Time
Six Executive Options
Seven Mutual Funds
Eight Brokerages
Part Three Now What?
Nine It's a Jungle Out There
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