The financial world is changing; this book shows you how to update your ideas about investing and keep pace Investing successfully means figuring out where economic value is being created, and then identifying the investment opportunities that result. MoneyShift: How to Prosper From What You Can't Control helps readers do just that. In addition to explaining the epic shifts in global economic momentum that have created a new financial reality for investors in recent years, the book offers readers a guide through new investment opportunities available in both emerging and developed markets. This book also points out the potential risks and then puts opportunities and risks together in outlining a sensible approach all readers can follow to develop their own investment strategy. Describing the transformation in global economic momentum and explaining why and where the centers of growth have moved, the book explores the new opportunity this change represents and sets realistic expectations for creating wealth through investment.
* Presents a new kind of investment strategy, including investing in your own human capital, while not neglecting advice on how to identify, assess, and manage risk * Provides navigational tools for financial planning and for making money in a new environment we cannot simply wish or vote away * Explains how domestic economic problems, the damage done to the financial system, government debt crises around the world, and even changing birth rates and aging populations have wrought a fundamental transformation in how wealth is and is not now created, and that these changes, while challenging, present great investment opportunities for those prepared to seize them By demonstrating the seismic changes in the economic topography, MoneyShift teaches you how these changes can be turned into an exceptional opportunity for increasing wealth through investing. To put it simply, there is money to be made in what you can't change about the world's economy. This book shows you how.
Dr. Jerry A. Webman is OppenheimerFunds' Chief Economist. In this capacity, Dr. Webman provides strategic viewpoints on the financial and economic markets to investment management, financial advisors, and investors. Previously, he served as director of fixed income, overseeing portfolio managers, analysts, and traders. Dr. Webman has been involved in the investment and economic markets for almost thirty years. Prior to joining OppenheimerFunds in 1996, he was managing director and chief investment strategist at Prudential Mutual Funds. Dr. Webman began his finance career at Merrill Lynch Capital Markets. Previously, he was an assistant professor of politics and public affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. Dr. Webman is a frequent guest on Bloomberg, Fox Business, and CNBC. He holds a BA in political science, with honors, from The University of Chicago, where he graduated Phi Beta Kappa, and a PhD in political science from Yale University. He is also a CFA charterholder.
Acknowledgments ix Introduction: What s Shifting xi Chapter 1 Where Has All the Prosperity Gone? 1 Chapter 2 What You Can t Control 23 Chapter 3 For the New Prosperity, You ll Need a New Investment Strategy 41 Chapter 4 Where the Wealth Is 63 Chapter 5 How to Read Your Shirt Label: The Myth and Reality of Investing in Emerging Markets 79 Chapter 6 There Is Still Profit Among the Rich 101 Chapter 7 The New Diversification: Alternatives to What? 119 Chapter 8 Investing in Human Capital Yours 145 Chapter 9 MoneyShift: Getting Results 161 Further Reading 187 Notes 191 About the Author 197 Index 199