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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 · 3 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.”

Wealth Investment Statement Observer Lens Financial Reporting Lens Of Perception

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

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

“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.”

Investment Finance Deception Investment Psychology Statement Costume Doppleganger

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

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

“If you reinvest dividends, which can often be a very smart investment move, you will no longer get to see on your statement what you originally paid to buy the position. Instead, our dividend profit masquerades as principal in a very powerful illusion that affects almost every investor.”

Illusion Profit Deception Principal Dividends Statement Financial Reporting

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

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

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