The Money Compass: Where Your Money Went and How to Get It Back - Hardcover

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Mark A. Grimaldi is a Certified Fund Specialist, co-founder of Navigator Money Management, Inc., and Chief Economist for the Navigator family of newsletters. In 2009, he launched The Sector Rotation Fund (NAVFX), a pure no-load mutual fund. Mark serves as Vice President of The Prestige Organization, Inc. Mark correctly forecasted the housing depression, the gold rush, 10% national unemployment and in January 2010 said "In 2010 the DJIA will have it's first 1000 point down day ever"!
G. Stevenson Smith, PhD, CPA, CMA, is the John Massey Endowed Professor of Accounting at the John Massey School of Business at Southeastern Oklahoma State University. He formerly worked for the Securities and Exchange Commission in Washington, D.C., as a financial analyst. Dr. Smith is the author of three books on nonprofit financial management, including Cost Control for Nonprofits in Crisis.

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"Good for the Navigator/Grimaldi to be able to see the rocky economic shoals through the Wall Street fog and Washington smoke screen."?Gerald Celente

Protect what you have and start rebuilding your wealth

Here is your roadmap to financial stability in today's hazardous markets. It's no secret that during the Great Recession and its aftermath, small investors were the big losers. If you lost half of your net worth or more, you're not alone. So where did the money go, and how can you make sure it never happens again? Read The Money Compass to find out. The short answer is that you need to understand what's going on in the world of finance, otherwise government policies and special interests can ? and will ? continue taking your money.

The unprecedented economic situation we face today affects every aspect of our lives, even if we choose to ignore it?and we ignore it at our peril. Inside, Mark Grimaldi and G. Stevenson Smith make sense of money matters large and small:

• Mortgages and the housing market
• Predatory credit card "perks"
• Retirement funds
• Exchange-traded funds
• Repeal of the Glass-Steagall Act
• Collapsing public education systems
• Federal debt

Navigate these issues and more with the help of The Money Compass. Straightforward expla- nations and outside-the-box advice will get you and your family back on track. With a new perspective grounded in financial realities and new strategies for managing debt, taxes, and investments, you'll be ready to stay afloat and profit from economic uncertainty. Expert Economist Mark Grimaldi forecast the 2008 downturn, and he is predicting more difficult times to come. Don't let the next financial collapse take you by surprise.

Aus dem Klappentext

If you are like many investors, you were hit hard by the Great Recession. We Americans spent years watching our investments grow as we followed the advice of finance gurus and investment managers. Then, in 2008, we watched all that hard work go down the proverbial drain overnight. In the aftermath, we have discovered that the situation on Wall Street is infinitely more complex and uncontrollable than we ever suspected. The Money Compass explains what is really going on in the markets today, where your money went, and how to hold onto it once you've gotten it back.
The first step to understanding the biggest financial collapse in a generation is coming to terms with the fact that you weren't prepared for it. Almost none of us were. We didn't see it coming because we were still operating under the old rules. Mark Grimaldi and G. Stevenson Smith wrote this book so you can understand the new rules. Financial markets no longer work the same way they did when most investors got their start. The key to holding on to your investments today is in learning to look at markets through a totally new lens.
A less-than-perfect U.S. credit rating, ongoing depression in the housing market, high-volume trading, flash crashes, and the collapse of American manufacturing-these are all things that would have been unthinkable just a few years ago. Today, they are a reality, and The Money Compass is a guide to navigating this reality. If investors don't adapt, and adapt quickly, they risk joining the ranks of market dropouts who may never recover from recent losses. Retirement plans, mutual funds, the labor market, you name it. It's all changing, and a failure to adapt is what got us into this mess in the first place. It is absolutely imperative that we get with the times.
You can't adapt if you don't understand what's going on. That's why this book exists. The authors tell it like it is, explaining how, while Americans weren't looking, the U.S. government, with the help of special interests, created a volatile financial situation that continues to lead straight to the confiscation of your hard-earned wealth. Keeping your investments safe and stable is still possible, but you will need to get informed about what's really happening on Wall Street. The Money Compass points the way to financial recovery and stability, no matter where you're starting from.