Money Wise: Creating, Growing, and Preserving Your Wealth

Do You Use Your Wealth Wisely? A. Michael Lipper, the analyst who helped develop the Lipper Indices for mutual funds, addresses the growing need for the wealthy to understand how to think about their wealth as a guide to 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 resourcesand the wisdom of Mike Lipper's experienceinvestors can make sound financial choices for themselves and their heirs. Topics include: - How to match your hard and soft assetsyour true net worthwith your hard and soft liabilities in a personal balance sheet - How to put risk to work for you - How to find the right investment advisors and how to advise them correctly to serve your needs - How to determine your "investor personality." Are you an Absolute Investor, a Confident Investor, an Uncertain Investor, a Relative Investor, a Fiduciary Investor, a Bored Investor, a Guilty Investor, a Financial Death-Wish Investors, or a Paralytic Investor? In this wise and witty volume, legendary investment advisor Mike Lipper helps you explore and define your motives and needs in investing, identify your investment personality, and above all challenges you to think about investing, money, and your life in fresh and rewarding ways.Lipper, A. Michael is the author of 'Money Wise: Creating, Growing, and Preserving Your Wealth', published 2008 under ISBN 9780312373771 and ISBN 0312373775.