Exploring the Wall Street trend of switching from mutual funds to private money managers, this book covers the pros and cons of both and their respective tax implications. From basic investing to advanced planning, it gives readers step-by-step strategies to achieve their financial goals.

This book explores the recent Wall Street trend of switching from mutual funds to private money managers, the pros and cons of both and their unique tax implications. It supplies a blueprint of investment objectives that focus on building overall net worth instead of chasing the next hot investment in a volatile market. From basic investing to advanced planning readers get step-by-step strategies to achieve their financial goals. The reader will learn everything an astute investor, trader, or financial advisor must know before they commit to a plan.