The New Lombard Street - How the Fed Became the Dealer of Last Resort

Stewardship is the journey of financial insider John Taft towards understanding and affirming the importance of stewardship—which he has come to define as "serving others"—as a core principle for the financial services industry, the global financial system, and society at large.

By defining the attributes of authentic stewardship, this book presents a path forward by analyzing the success of Canadian banks in weathering the financial crisis; evaluates the effectiveness of global financial reform efforts in making the financial system safer, sounder, and more secure; offers wealth management prescriptions for individual investors; evaluates the potential of ESG (environmental, social, and governance) investment processes as a way to instill stewardship behaviors among corporate CEOs (particularly at financial services firms); and, ultimately, calls for a return to stewardship's core principles as the key to not only minimizing the scope and consequences of future failures, but also to addressing other societal challenges.

• Argues for a return towards stewardship, with financial services companies doing right by their customers
• Analyzes the response of Canadian banks to the financial crisis to provide meaningful advice for investors and businesses alike
• Inspired by Taft's experience running one of the largest wealth management firms in the country during the financial crisis and his direct participation in subsequent legislative and regulatory efforts to rewrite the rules under which the U.S. securities industry operates

From the man who made the decision to reimburse clients affected by the collapse of a money market mutual fund comes a compelling look at why financial service companies should start doing what's right for their customers.

• You should opt for a sole proprietorship versus a partnership or corporate ownership strategy.
• There are things you can do to manage the way HST impacts your real estate investment business.
• You need information about the tax implications of a real estate disposition.
• You can change your bookkeeping system to better meet your needs and those of your accountant.

Who Are We?

Now, and for the first time, The RRSP Secret reveals many of the financial industry's most closely guarded secrets - providing the individual investor an unprecedented view into how the financial system negatively impacts the financial freedom of most Canadians. More importantly, the book outlines specifically how to defend your wealth and use a little-known strategy to create double-digit returns - the same way the banks do.

You'll never hear a bank manager or financial advisor tell you about this secret strategy, and you won't read about it in the newspaper. Why? Because they'd rather continue selling you underperforming investments that increase their profits instead of making you wealthy. The financial industry is a massive marketing machine that isn't designed to make you money, and the only way you'll become financially free is if you take control of your financial future - and this is your opportunity.

In The RRSP Secret, Greg Habstritt teaches you how to use the money in your RRSP, TFSA and other registered savings accounts to invest in one of the most reliable and secure investments available to you - and it's exactly the same strategy that the banks use to create profits themselves. You'll finally be empowered to turn the tables on the financial industry, and beat them at their own game. You'll learn how to invest for double-digit returns without having to take massive risks, or pay hidden fees and commissions.

Stop being taken advantage of, and start making better decisions with your money. Your financial future starts now!

Testimonials: 

" Greg Habstritt is a multi-millionaire who can show you exactly how to build massive wealth by using cutting-edge strategies and a formula for predicting markets. I teach people to learn from the best, and there's no one better than Greg!"

~ T. Harv Eker, Author of the #1 New York Times bestseller Secrets of the Millionaire Mind

"I have known Greg Habstritt for several years and have always appreciated his integrity, honest approach, and willingness to ‘tell it like it is.' The concepts you'll read about have been used by wealthy Canadians for decades and now, for the first time, they're being shared in a very straightforward, step-by-step guide."

~ Don R. Campbell, President of the Real Estate Investing Network and bestselling author of Real Estate Investing In Canada 2.0

"If you need street-smart skills on how to make millions in real estate like the pros do, then stop looking! Greg Habstritt teaches his secrets on how to build massive wealth through real estate investing. Greg teaches what he does and what works, and you can take that to the bank."

~ Keith J. Cunningham, Master Teacher of Business, Keys to the Vault Business School for Entrepreneurs

Besides revolutionizing finance with the Black-Scholes option pricing model, Fischer Black forever changed Wall Street by developing what is now known as quantitative finance. Fischer Black and the Revolutionary Idea of Finance explores Black's intellectual journey from Harvard to the offices of ADL, from the University of Chicago to MIT, and then to Goldman Sachs. This poignant book tells the story of one man's intellectual adventure at the very center of modern finance, fully describing the birth of quantitative finance and financial engineering along the way.

• Years of research and interviews with Black's business and academic associates, as well as family and friends, are distilled into a scholarly yet personal story of the formation and development of the extraordinary mind and unique character of this unassuming renegade
• Black deciphered the universe of modern finance in ways that went underappreciated for many years and would have won the Nobel Prize in Economics, if not for his untimely death in 1995
• Author Perry Mehrling weaves Black's personal story with the birth of modern finance into a vignette-based business biography that captures the essence of this extraordinary man, explaining, for the first time, the ground-breaking impact Fischer Black had on the worlds of money and finance as well as world markets

This is the eBook version of the printed book.

If you liked this Short, you might also like Fire Your Stock Analyst!: Analyzing Stocks On Your Own, 2nd Edition (9780137010233) by Harry Domash. Available in print and digital formats.

Six short-and-sweet, quick-start investing primers: practical guidance on ETFs, dividend stocks, growth stocks, emerging markets, mutual funds, closed-end funds, and more!

Harry Domash’s six quick-start investing guides give you crucial information for investing profitably in any market environment. Learn what you need to know, without useless theory or number-crunching that doesn’t matter! Includes practical, up-to-the-minute primers on ETFs, emerging markets, dividend stocks, growth stocks, advanced growth stock analysis, and mutual funds/closed-end funds!