Summary: Take On The Street - Arthur Levitt

Summary: Take On The Street - Arthur Levitt

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This work offers a summary of the book a€œTAKE ON THE STREET: What Wall Street and Corporate America Dona€™t Want You to Know What You Can Do to Fight Backa€ by Arthur Levitt. Arthur Levitt is the former chairman of the U.S. Securities and Exchange Commission (the longest serving chairman in the history of the SEC). Before joining the commission, Mr. Levitt worked for sixteen years on Wall Street and served as chairman of the American Stock Exchange. In Take On The Street he explains the secrets of investing success, breaking them down into digestible sections. In short, his philosophy is to be knowledgeable and pro-active, something thata€™s increasingly possible now in an internet-driven world. Levitt clarifies concepts that often befuddle the new investor: how should you deal with brokers? What are mutual funds? How should you read investor reports and financial results? How do transaction costs affect you, and why you should care about corporate governance? What is the best way to plan for retirement? He advises investors to always remember whom the person they are talking to is working for (your broker is first and foremost, a sales person) and how to find and identify the most important pieces of information. In short, Levitt encourages the reader to become an informed investor, and shows how thata€™s very possible, even for the uninitiated individual.Quite simply this means you need to be more active in planning for your retirement. This will only benefit you if you do the work thata#39;s required and make prudent financial decisions. With a 401(k) account, youa#39;re in the drivera#39;s seat foranbsp;...

Title:Summary: Take On The Street - Arthur Levitt
Author:BusinessNews Publishing
Publisher:Primento - 2014-09-29


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