Mike Mumford

Avoidable Losses Mike Mumford

No-one is immune from being targeted in a scam, receiving unsuitable financial advice or investing in a fraudulent investment. Whether your money has come from family, business, sports, entertainment or investing, no-one wants to lose what they have. After all, money may not buy happiness, but losing what you have won't make most people happier. If you are serious about preventing a major financial loss, the lessons in Avoidable Losses will increase the odds of keeping what you have and enjoying your lifestyle for years to come. Too often people just give their absolute trust to their financial advisors or business managers without making sure they are competent and trustworthy; or doing anything to determine whether the advisor's firm has adequate processes and controls to protect you; or considering the risks in their investments or strategy. If you think about your current arrangements, are you, your advisors and others who have access to your wealth taking appropriate actions to reduce those risks to your wealth? The focus of Avoidable Losses is different from most books dealing with investments or personal financial management. It is not about accumulating wealth through investing or minimizing your day to day living expenses. Instead it's a guide to preventing the loss of what you have, using real cases of professional athletes and other celebrities who have been victimized, to educate readers. After reading this, if you tell your advisor you want your money invested conservatively, you'll know for yourself if it is.