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ranked #86,278 most helpful out of 571,544,897 reviews
★☆☆☆☆
No new concrete advice
While I think these macroecomics experts have their hearts in the right place, truth be told, there is very little investment advice in this book. They detail, over and over and over again, the problems with a goverment debt laiden "house of cards" world economy, but they give readers little to no advice on how to act to minimize the effects of the coming inflationary period or depression and its aftershock. I worry that this book is only a self serving promotion of their own investment services due to how little actual advice is given in the book which for Nonpersonalized advice costs 5o dollar a month! The book uses phrases like "aftershock-proof" portfolio(page 243) but then gives no investments that are aftershock proof at all. The authors even state that huge insurance coorporations like Northwestern Mutual that weathered the Great Depression and managed to keep paying all those they owed are not safe from the "Aftershock." I found very little useful advice and ALOT of continued attempts to convince the reader what i bet most already know, that there are severe flaws with our U.S. and world economy which will lead to a profound "correction" in market valuation of everything from the stock market to the U.S. Dollar. This books vague nonspecific advice boils down to hope to keep playing the game by the traditional rules for now, but get out before the game ends, cause then all you can do is stock pile gold. The authors came just short of advising one to collect guns and build a bunker, but my guess is one or more of the authors has a doomsday bunker. The truth is, if the aftershock is the collapse of the markets which are all bubbles, then there is nothing you can do to protect yourself. What disappoints me is that the authors failed to teach readers much about betting against the market. They mention inverse indexed exchange traded funds, but give NO advice on how to use these msot effectively in what is a crrently volatile market. The real question, which the authors don't answer, is there a way to make long term bets against the market. Long termequity anticipation securities or LEAPS are mentioned but are called advanced type investments and "not for people with little market knowledge." People like me. The scary truth is, investment experts don't want you to know how to bet against the market, because they know it is a sure bet, and all this quantitative easing is buying time for the smartest guys in the room to make those sure bets, so they walk awy with the most inflation ruined cash a possible.
September 2012 · Books
the product in question
The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy
3.9★ · 203 ratings, as of 2023
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