Forget all about the methods your parents used to gain financial security. They don't work anymore. Now the senior economic advisor of Putnam Investments reveals the new road to prosperity. Millions of baby boomers are facing the music. What worked for their parents is not going to work for them. The old investment vehicles from real estate to stocks and bonds no longer bear the promise they once did. This coupled with changes in the political and economic landscape and the almost certain disappearance of Social Security, Medicare, and other classic entitlements before most reach retirement age add up to a generation that has been numbed with statistics about how much they lag behind their predecessors.
But thanks to this book and the inside information of Robert Goodman, managing director of the prestigious and wildly profitable Putnam Fund, that doesn't need to be the case. It is still possible to expand wealth, no matter what the size of your nest egg.
Whether your financial goal is a new home, junior's education, or simply a comfortable retirement, Independently Wealthy provides you with a road map for navigating the new economic landscape and achieving financial security in the years ahead. Bob Goodman clearly describes how the political, economic, and financial worlds interact and teaches you how to recognize emerging trends and take advantage of them.
He gives you a solid grounding in the basics of wealth building and reveals which invesment vehicles are most likely to provide the greatest returns in the coming years. Goodman also shows you how to avoid the mistakes most savers and investors make, and perhaps most importantly, provides an easy-to-follow, 10-step program for building a financial plan that works for you. Independently Wealthy draws on a vast pool of investment experience and resources. The Putnam Fund:
- Manages more than 4 million shareholder accounts and more than 527 institutional portfolios for clients worldwide
- Currently has more than $101 billion in assets under management
- Trades $200 million worth of stock in approximately 150 countries
ROBERT GOODMAN, PhD (Boston, Massachusetts) is Managing Director and Senior Economic Advisor at Putnam Investments. He regularly appears on CNN and CNBC.
This practical and easy-to-understand guide to today's investment terrain provides ten basic rules for anyone who want to start saving for the future in hope of securing their financial independence.
"A terrific first step to financial prosperity." Bill Griffeth, CNBC-TV Anchor.
