Reviews for The Worry Free Wealth Guide to Stock Market Investing: FREE BONUS: 7 Hours of Audios! (Volum...

The average rating for The Worry Free Wealth Guide to Stock Market Investing: FREE BONUS: 7 Hours of Audios! (Volum... based on 2 reviews is 1.5 stars.

Review # 1 was written on 2018-10-11 00:00:00 Eric Caldwell This book looks at the history of hedge funds, a brief look at some spectacular failures of hedge funds over the years, including the one run by Bernie Madoff, the types of hedge funds and their investing strategies, the fees and redemption structure, the skills required of a hedge fund manager, the due diligence expected of a hedge fund investor, what a fund-of-hedge-funds does, regulatory mechanisms in place, and a healthy dose of prescriptive remedies for the hedge fund industry. The book is written in a conversational style, contains no mathematical equations (save for one on the CAPM - the Capital Asset Pricing Model: E(Ra) = Rf + Beta(E(Rm) - Rf)), is short, and a very approachable primer to the world of hedge funds. It is not an investigative work, rather a descriptive one, that walks the reader through almost all aspects of a hedge fund - from the investors, the administrators, the managers, the regulators (or their lack thereof), and the markets. Two hedge fund failures - KL Financial and Amaranth Advisors - are described initially. The point being that while one failed because of outright fraud, and the other because of an overleveraged position gone horribly wrong, the other near-collapse was because of an un-diversified strategy that went wrong. The lesson is the same - investor greed. While a hedge fund manager and trader himself, Monty does point out the role that hedge funds played in the global financial crisis as well as the need for better regulation: "Hedge funds, however, are not completely disconnected from the crisis. They have been blamed for violating short-selling rules and rumor mongering, as well as creating systemic risk due to their derivatives portfolios.... " and "This is clearly an area where the SEC needs to strengthen and enforce regulation. Capital markets will self-govern effectively as long as the rules of the game are being applied uniformly and followed diligently." Investor protection through government intervention or regulation is largely diminished in the world of hedge fund investing, except to the extent that the government mandates that only "accredited investors" and "qualified purchasers" are allowed to invest in hedge funds. Maybe the need is for tighter and more sweeping regulations; after all, over-regulation never caused a financial crisis. On the other hand, lack of adequate regulation has been a contributing factor behind almost every financial crisis in the last 100+ years. Disclosure: Monty is my brother, and to the extent that has biased my review, it is probably inevitable.

Review # 2 was written on 2020-12-22 00:00:00 Bastien Eric This was an educational read. Yes, some of it is dry and some of it is missing - It sent me researching several times, but I think the whole membership of the church should read these volumes. I am inspired by the faith and sacrifice of the saints, and warned that anyone can fall through greed and selfishness. We are also reminded that our actions can have ever reaching effects - either for good or evil.