Coverart for item
The Resource Empire of the fund : the way we save now, William A. Birdthistle

Empire of the fund : the way we save now, William A. Birdthistle

Label
Empire of the fund : the way we save now
Title
Empire of the fund
Title remainder
the way we save now
Statement of responsibility
William A. Birdthistle
Creator
Author
Subject
Genre
Language
eng
Summary
" Empire of the Fund is an exposé 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 decades into the future; and through the peril of financial professionals behaving badly, to our economic harm. Though Americans often hear of the importance of low fees in fund investing, few are aware of the astonishing panoply of ways that some financial advisers have illegally diverted money out of mutual funds: from abetting hedge funds to trade after the legal deadline, to inflating the assets on which they are paid a percentage, to paying kickbacks for brokers to sell their funds. This book will forewarn and forearm Americans by illustrating the structural flaws, perverse incentives, and litany of scandals that have bedeviled mutual funds. And by setting forth a pair of policy solutions to improve Americans' financial literacy and bargaining power, it will also attempt to safeguard our individual financial destinies and our nation's fiscal strength. "--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Birdthistle, William A
Dewey number
332.63/27
Illustrations
illustrations
Index
index present
LC call number
HG4930
LC item number
.B47 2016
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Mutual funds
  • Saving and investment
  • BUSINESS & ECONOMICS / Investments & Securities
  • BUSINESS & ECONOMICS / Personal Finance / General
  • LAW / Business & Financial
  • Mutual funds
  • Saving and investment
  • United States
Label
Empire of the fund : the way we save now, William A. Birdthistle
Instantiates
Publication
Bibliography note
  • Includes bibliographical references (pages 243-244) and index
  • Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction -- Part I. Anatomy of a Fund: 1. Purpose; 2. Structure; 3. Economics -- Part II. Diseases and Disorders: 4. Fees; 5. Soft Dollars; 6. Fair Valuation; 7. Late Trading; 8. Market Timing; 9. Selective Disclosure -- Part III. Alternative Remedies: 10. 401(k) and Individual Retirement Accounts; 11. Target Date Funds; 12. Exchange-Traded Funds; 13. Money Market Funds -- Part IV. Cures: 14. A Healthier Use of Mutual Funds
Control code
938990075
Dimensions
25 cm
Extent
ix, 250 pages
Isbn
9780199398560
Lccn
2016007563
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
System control number
(OCoLC)938990075
Label
Empire of the fund : the way we save now, William A. Birdthistle
Publication
Bibliography note
  • Includes bibliographical references (pages 243-244) and index
  • Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction -- Part I. Anatomy of a Fund: 1. Purpose; 2. Structure; 3. Economics -- Part II. Diseases and Disorders: 4. Fees; 5. Soft Dollars; 6. Fair Valuation; 7. Late Trading; 8. Market Timing; 9. Selective Disclosure -- Part III. Alternative Remedies: 10. 401(k) and Individual Retirement Accounts; 11. Target Date Funds; 12. Exchange-Traded Funds; 13. Money Market Funds -- Part IV. Cures: 14. A Healthier Use of Mutual Funds
Control code
938990075
Dimensions
25 cm
Extent
ix, 250 pages
Isbn
9780199398560
Lccn
2016007563
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
System control number
(OCoLC)938990075

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      38.944491 -92.326012
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