The Naked Investor
Why Almost Everybody but You Gets Rich on your RRSPBook - 2007
Over 6 million Canadians control more than $500 billion in RRSP and RRIF investments . . . or do they?
Do RRSP owners support an industry that feeds on the fear and ignorance of Canadians ill-prepared to manage their retirement assets? While claiming professional status, financial advisors are salespeople often more closely aligned with mutual fund marketers and bond dealers than with their own clients. What's more, the industry insists on a policy of self-regulation, unhindered by direct government supervision.
The Naked Investor sounds a wake-up call for Canadians. Through real-life stories, it exposes the dark side of the investment industry, revealing the tactics of greedy brokers and advisors, voracious banks and mutual fund operators, and outright embezzlers.
Written with sly humour, The Naked Investor will disturb both an industry that appears more focused on building wealth for itself than for its clients and RRSP investors whose trust too often is misplaced--with devastating consequences.