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Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS

Book by Christopher Manske · 4 quotes · Finance, Wealth, Consumerism

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Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS Quotes

“A group of investments isn’t something people can touch or examine in the physical world. Instead, the statement is the lens that investors use to view and understand their finances. It is what’s inserted between the observer and the observed, which, it’s important to note, is not created by the investor.”

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Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
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“There are specific ways the system actually is rigged and distorted so that our perception of our money is manipulated, very similar to how a stage magician does illusions. And also, like those stage tricks, these financial manipulations are easy to see through with just a little bit of education and focus.”

MoneyMagicIllusionInvestmentFinanceDeceptionMagicianMoney ManagementWall StreetTrick
Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
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“If you’ve ever thought that it shouldn’t be so hard to examine your investment portfolio or hold your financial advisor accountable, you’re right. The system distorts your view of your money in the same way that a magician stacks the deck against the audience. It’s not evil or bad, but once you know how the magician does the illusion, you simply cannot be tricked so easily anymore. And once we all are in on the trick, the financial industry will need to improve, because the old, tired illusions won’t work anymore.”

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Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
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“A portfolio can only be “seen” as the data representing the holdings in each account, which means that your monthly investment statement is not actually your portfolio of stocks and bonds. Instead, the investment statement is more like the wrapper or costume between you and your money.”

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Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
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