Investment lies are widely prevalent in today’s financial system. I will discuss some of the top 10 lies investors are subjected to and show ways to avoid falling prey to them.
I will cover how rainy day funds are mishandled in asset allocations, how to get stuck trying to beat the stock market, the myth of individualized investment management accounts, the very high hidden risks in fixed-income bond funds, the almost impossible investment account rebalancing, the risks in variable annuities and what annuities are better, why trying to beat the government by taking Social Security early could be a mistake, why the largest organization certifying financial planning professionals sued the U.S. Government to make them cancel a regulation that its members must act in their clients’ best interests and not their own best interests, the risks with gold and bitcoins (although they should not be compared), how banks are deceiving their customers with the CDs they sell them, and more.
I am angry about these and many other situations and I will provide an inside look at how to not get cheated by the people you are paying for their trusted advice and organizations and how many long-standing investment beliefs are bunk.
This program will be my 44th Annual Financial Program. For those who do not know me, I am Edward Mendlowitz, CPA, Emeritus partner, Withum, Adjunct Professor at Fairleigh Dickinson University, and designated by the AICPA as a personal financial specialist. I have authored 31 professional books and am one of Accounting Today’s Top 100 Most Influential People.
The program is sponsored by Congregation Beth Ohr Men’s Club, is open to the public, and will run for 1 hour. It is free and will be presented on February 11 at 10:15 am as a live presentation at the Synagogue building at 70 Route 516, Old Bridge, NJ or can be viewed on Zoom. Email me at [email protected] for the Zoom Log-on and additional information. Free bagel breakfast at 10:00 am. Program at 10:15 am.
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If you have any tax, business, financial or leadership or management issues you want to discuss please do not hesitate to contact me at [email protected] or click here.
