MoneyShift: How to Prosper from What You Can't Control
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Profiting From Money's Geographic and Demographic Shift
When investors suspect and complain that the rules have changed in the world of investing, they're right. Great and weighty forces, such as the United States’ domestic economic problems and the damage that has scarred our financial system, government debt crises around the world, even changing birth rates and ageing populations, have wrought a fundamental transformation in the way economies work. Where these individuals are wrong is in thinking they have no chance to take advantage of the changes to improve their standard of living.
In his new book, MoneyShift: How to Prosper from What You Can't Control (Wiley, Hardcover and ebook, May 2012, $27.95; 978-1-1181-8140-9), Dr. Jerry Webman, OppenheimerFunds' Chief Economist, explains that while it’s impossible to stop change, a thoughtful investor can profit from it. Insightful, candid, and highly readable, the book explores the potential risks as well as the benefits of the investing options now available; from putting money into emerging markets to investing in our own human capital. While Webman may be looking to the future, he doesn't write off the past. Many traditional investment vehicles remain highly profitable —the secret is in knowing which ones.
“Money has shifted geographically, technologically, and demographically, and we need to examine how and to explore why such a shift matters,” says Webman. “Once we recognize that change has occurred and understand the nature of the change, we can begin to determine how to best leverage these new realities and what remains of the old to gain and protect ourselves.”
Money Shift explains how to put Webman’s remarkable insights into action and construct an investment portfolio for the twenty-first century. He explains how to tailor a portfolio for each investor’s specific needs and aspirations, detailing how to structure, monitor, and maintain that portfolio in the years ahead. In addition, the book:
- Presents a new kind of investment strategy, offering advice on how to identify, assess, and manage risk
- Describes the transformation in global economic momentum, explaining why and to where the centers of growth have moved. It also explores the new opportunity this change represents and sets realistic expectations for creating wealth through investments
- Provides navigational tools for financial planning and making money in a new environment we cannot simply wish or vote away
“This book is intended to help investors recognize what has changed and how to prosper from that change,” adds Webman. “You and I can’t control the U.S. housing market, the European sovereign debt crisis, or the repercussions of breakout growth occurring in rapidly developing economies around the world, but that doesn’t mean we have to be passive victims either.”
Investing successfully means finding the places where the economic value is being created and identifying how the need for capital in those places can be turned into investment opportunities. In addition to explaining the epic shifts in global economic momentum that have created a new financial reality for the individual, MoneyShift offers a map through the investment opportunities available and potential risks in that reality--in both emerging and developed markets.
Webman adds, “There has been a change in the global economy and the waves of change have churned up in our own lives, especially in the parts concerned with providing for our financial well-being. Some of us will let those waves of change knock us over; some of us will figure out how to catch a wave or two and ride it back to shore, maybe having a bit of fun on the way. But as MoneyShift asserts, if we cannot control the waves, we can still use them to our advantage.”