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MoneyShift: How to Prosper from What You Can't Control

ISBN: 978-1-118-18140-9
209 pages
May 2012
MoneyShift: How to Prosper from What You Can

The financial world is changing; this book shows you how to update your ideas about investing and keep pace

Investing successfully means figuring out where economic value is being created, and then identifying the investment opportunities that result. MoneyShift: How to Prosper From What You Can't Control helps readers do just that. In addition to explaining the epic shifts in global economic momentum that have created a new financial reality for investors in recent years, the book offers readers a guide through new investment opportunities available in both emerging and developed markets.

This book also points out the potential risks and then puts opportunities and risks together in outlining a sensible approach all readers can follow to develop their own investment strategy. Describing the transformation in global economic momentum and explaining why and where the centers of growth have moved, the book explores the new opportunity this change represents and sets realistic expectations for creating wealth through investment.

  • Presents a new kind of investment strategy, including investing in your own human capital, while not neglecting advice on how to identify, assess, and manage risk
  • Provides navigational tools for financial planning and for making money in a new environment we cannot simply wish or vote away
  • Explains how domestic economic problems, the damage done to the financial system, government debt crises around the world, and even changing birth rates and aging populations have wrought a fundamental transformation in how wealth is and is not now created, and that these changes, while challenging, present great investment opportunities for those prepared to seize them

By demonstrating the seismic changes in the economic topography, MoneyShift teaches you how these changes can be turned into an exceptional opportunity for increasing wealth through investing. To put it simply, there is money to be made in what you can't change about the world's economy. This book shows you how.

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Acknowledgments ix

Introduction: What’s Shifting xi

Chapter 1 Where Has All the Prosperity Gone? 1

Chapter 2 What You Can’t Control 23

Chapter 3 For the New Prosperity, You’ll Need a New Investment Strategy 41

Chapter 4 Where the Wealth Is 63

Chapter 5 How to Read Your Shirt Label: The Myth and Reality of Investing in Emerging Markets 79

Chapter 6 There Is Still Profit Among the Rich 101

Chapter 7 The New Diversification: Alternatives to What? 119

Chapter 8 Investing in Human Capital—Yours 145

Chapter 9 MoneyShift: Getting Results 161

Further Reading 187

Notes 191

About the Author 197

Index 199

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Dr. Jerry A. Webman is OppenheimerFunds' Chief Economist. In this capacity, Dr. Webman provides strategic viewpoints on the financial and economic markets to investment management, financial advisors, and investors. Previously, he served as director of fixed income, overseeing portfolio managers, analysts, and traders.

Dr. Webman has been involved in the investment and economic markets for almost thirty years. Prior to joining OppenheimerFunds in 1996, he was managing director and chief investment strategist at Prudential Mutual Funds. Dr. Webman began his finance career at Merrill Lynch Capital Markets. Previously, he was an assistant professor of politics and public affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University.

Dr. Webman is a frequent guest on Bloomberg, Fox Business, and CNBC. He holds a BA in political science, with honors, from The University of Chicago, where he graduated Phi Beta Kappa, and a PhD in political science from Yale University. He is also a CFA charterholder.

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April 30, 2012
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.”

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