Download The story of rich : a financial fable of wealth and reason by J. D. Joyce PDF
By J. D. Joyce
"An making an investment tale that offers insights into facing your cash and discovering monetary securityMaking the precise funding judgements and executing an efficient financial statement may be tricky, particularly in trendy markets. yet with the fitting information you could accomplish that objective. Now, in monetary Crossings, best wealth supervisor John "J.D." Joyce indicates you the way. in line with his real-world studies with traders all through his profitable occupation, this e-book deals significant suggestion approximately monetary making plans and investing.Designed for people with major resources who're nearing or lately retired, in addition to people who have lately come into new funds via enterprise or inheritance, monetary Crossings skillfully explains monetary making plans and making an investment via a myth of a guy who sells a company he is labored so not easy to construct, and now unearths himself with more cash then he is ever needed to take care of. alongside the way in which, this ebook teaches you approximately very important funding ideas and provides you with instruments to contemplate your concepts and select a suitable funding technique. Chronicles the fictitious tale of a lately retired businessman who's fearful approximately benefiting from his cash now that he is not producing ordinary source of revenue offers classes approximately making an investment, occasionally via comparisons to issues like marathon working or wine making, within the quest to make experience of primary funding recommendations writer John "J.D." Joyce has been named a best monetary consultant by means of Barron's for 3 years working enticing and informative, monetary Crossings is the best advisor for these desirous about preserving their genuinely-earned funds and making an investment it wisely"-- �Read more...
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Additional info for The story of rich : a financial fable of wealth and reason during uncertain times
Besides, he had a pregnant wife and a 3-year-old daughter at home, and it was up to him to support his family and to make ACS a success. The consequences for his family were too high to accept any other outcome. He would be a success, for he had no other choice but to make it work. ACS made compressors that pushed oil and gas through gather ing lines and pipelines to refineries. The business had grown steadily and managed to keep busy through the various booms and busts of the energy business.
Besides, my part in the family is to be the provider. Peg has been the best wife a guy could ask for. ” Rich’s mood darkened. Retirement sounded nice, but how is it relaxing to feel directionless? All those years building the business, working from “can’t to can’t”—an old expression for working from 9 T H E S T O RY O F R I C H dawn to dusk before the sun is out until after it has set. At what cost? Rich knew he was fortunate and, by almost any standard, he was successful. Relative to others, he had friends galore, a beautiful family, and a decent net worth.
Now they’re scraping by. ” “But you would be so good at it,” Ernie said. “I can just see it. ” “That’s nice of you, but let’s hope it doesn’t get to that point,” Rich said. ” Ernie pulled a fly off his hat and handed it to Rich. “Part of the way to stay out of that kind of trouble is to consider your cash flow needs,” Ernie said. “This was probably the best advice I got from my advisor, because it gives me a cushion from the market swings. 17 T H E S T O RY O F R I C H “The idea of cash flow is to figure out how much money you need from your portfolio to subsidize your income stream.