Empire of the Fund (Innbundet)

The Way We Save Now

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Forfatter:
Innbinding: Innbundet
Utgivelsesår: 2016
Antall sider: 264
Forlag: Oxford University Press Inc
Språk: Engelsk
ISBN/EAN: 9780199398560
Kategori: Økonomi og ledelse
Omtale: Empire of the Fund
Empire of the Fund is an expose and examination of the way we save now. With the rise of the 401(k) and demise of the pension, the United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, nearly eighty million baby boomers will retire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dollars in a financial system dominated by wealthy, skilled, and powerful financial institutions, many of which have a record of treating individual investors shabbily. The key tools in our 401(k) plans and individual retirement accounts are mutual funds, which have ballooned to hold more than $16 trillion. But these funds pose dangers to our savings in three ways: through structural vulnerabilities that give money managers the incentive to focus on marketing over investing; through the very human challenges of managing our savings de

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