Amazon.com
This handy fact-filled book initiates you into the mysteries of the financial pages -- buying stocks, bonds, mutual funds, futures and options, spotting trends and evaluating companies. For those who are curious but intimidated by everyday financial jargon, this guide offers a literate, forthright and lively alternative. Recommended.
Book Description
The Wall Street Journal Guide to Understanding Money & Investing initiates you into the mysteries of the financial pages -- buying stocks, bonds, mutual funds, futures and options, spotting trends and evaluating companies. For those who are curious but intimidated by everyday financial jargon, this guide offers a literate, forthright and lively alternative.
Customer Reviews:
Great!.......2007-03-27
Just finished reading it. Wow, what a mind trip. Fast shipment too!
Investing for Dummies.......2005-05-03
I cant believe that I went through college without taking business or econ classes (except for political economy). This is a way for me to catch up.
I like this book because it is easy to read and understand. So easy even an elementary school kid could understand....ok maybe junior high.
Eventually I would hope to read the Intelligent Investor.
Excellent basics.......2004-12-08
This book is excellent for learning the basic concepts in investing and finance. If you would like to iniciate in this area, i recommend this book as an entry door with the basics.
The Best.......2004-05-25
As many have said in their reviews, this is a great starting point for those new to investing and financial markets. In fact, it's the best I've ever found and I've looked a lot. The simple, plain English explanations are what makes this book stand out. For the nuances and more detailed information regarding the topics in the book, look to a textbook from a college finance class. But for the person who knows very little, start with this.
Good for beginner investors.......2004-05-23
If you are new to investing and need a simple primer, read this book. It's well organized and written. Those that have invested for a while will find this book simplistic. Nevertheless, I think every beginning investor should get a copy and read it.
Customer Reviews:
There is an alternative........2007-08-20
WSJ Guide to Money is out of print. That is why the cost has gone through the roof. Standard and Poor's Guide to Money and Investing (Standard & Poor) The Standard and Poors Guide to Money is by the same authors and is even a year more current. Take a look at the cover you can even see that it is the same book and that all that was done is WSJ in the title is changed to "Standard and Poors Guide to Money and Investing". Same book by the same author. The only difference is that is is in print so the price is reasonable.
Handy Little Book.......2007-05-03
Although this isn't the largest book in the world, I really enjoyed reading it. I thought that I was pretty savvy as far as the way things worked, but this book definitely enlightened me. I also appreciated the pictures that made things clearer.
A little bit tough to read, but worth it........2007-04-28
If you're a beginner, interested in investing, this is a very decent primer to start with. Buy it with Eric Tyson's Investing for Dummies, and you'll be fully set!
Not impressed.......2007-02-12
A nice introduction to wall street if you were raised on Mars. For people who want to do investing for a living this is a waste of time
To get the whole picture.......2006-12-22
I think this book did a great job in helping me understand the universe of money and investing beyong the scope of stock. I have been trading for 1 year and wanted to buy a small book that gave me a general education on the subject. Although much more can be written on each topic covered it is good for beginning to understand the whole picture.
Book Description
Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the Samp;P 500 instead of through the active buying and selling of stocks. A revised and updated edition of an investment classic, The Only Guide to a Winning Investment Strategy You'll Ever Need remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more.In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about: The efficiency of markets today The five factors that determine expected returns of a balanced equity and fixed income portfolio Important facts about volatility, return, and risk Six steps to building a diversified portfolio using Modern Portfolio Theory Implementing the winning strategy and more.
Customer Reviews:
The best financial advice you will ever receive.......2007-08-23
I read this book 8 months ago. It was such an eye-opener that I went on to read ten other investment books over the ensuing 6 months. Although several other books cover much of the same material, Swedroe's book is the one that I have read and re-read several times. It really can stand alone as your "only guide to investing". Two of my relatives have read it now, as well. I now manage all of my investments myself, with confidence. Short term market drops don't worry me at all. I truly believe that anyone who reads this book and later reads Swedroe's bond book(by about the same title) will be well-armed to manage their investments without the expense of a broker or advisor.
Great Investment Book!.......2007-05-22
I've just finished reading your book and wanted to thank you so much for sharing this straight forward method of investing with all of us!! I've been investing for many years. I've tried timing the market, newsletter services, timing services; just about ever known method to not make money. After reading your book, it really seemed to 'click' for me.
I've been suggesting this book to many of my friends. They seem to want exactly what your strategy provides, reasonable returns with reduced risk. I wish I had found this book many years ago.
A tool box that does the job..............2007-05-09
This was an excellent book that covered all the necessary fundamentals without going into the excessive esoterica of the field that I, as a simple investor, did not need.
It also provided useful formulas and guidance for fixed security investments based on the different scenarios that different investors might have.
The book has definite views on total bond market funds as well as mortgage backed securities that you are not likely to find elsewhere and that every investor must necessarily know before investing.
The title really says it all.
Excellent book.......2007-05-09
One of 4 o5 of the best investment books I've read. Every investor should read this book.
Winning strategy? Yes!.......2007-05-08
Late summer of 2005 I decided to turn our investments over to a financial advisor. My wife questioned whether it made sense to give such a huge cut (2% of market value each year) to a brokerage firm. That weekend we went to Barnes and Noble and I bought this book. The rest is history. I am in index funds and short term bonds. I am 60/40 domestic/foreign. My return has been great but the most important thing is that I sleep well at night. I rebalance when the numbers get out of whack not because of some hunch or fear. I sold everything that I owned to get into this strategy and paid a large amount of tax but it has all been worthwhile. This strategy forces you to take profits when stocks rise and buy stocks when prices go down. It makes sense and it works.
Book Description
Throughout the last fifteen years of the bull market, individual investors were able to participate and amass financial holdings by way of mutual funds. But the constant buying and selling to "beat the market" and grow their fund's wealth also entailed costs and capital gains. And who paid for it? The investor. Over the past 20 years smart investors began switching to index mutual funds to keep more of their money. Index funds buy and hold all of the stocks in an index, dramatically reducing trading costs and taxes. And now, with Larry Swedroe's expert advice, the small investor can take advantage of this investment strategy and win big. In The Only Guide to a Winning Investment Strategy You'll Ever Need, Larry Swedroe explains:
* How index mutual funds out-earn older investment strategies
* How to pick the right balanced "passive" portfolio that will reward investors with the highest expected return for the amount of risk the investor is willing to accept
* How to play the winner's game with this big and rapidly growing investor trend. Based on over forty years of research by the world's leading financial economists, the advice Larry Swedroe offers in this new and valuable book shows that those willing to move beyond conventional wisdom will open themselves to a method of great financial growth.
* The Only Guide to a Winning Investment Strategy You'll Ever Need is the first major book on the newest Index Mutual Funds and strategies, today's biggest investor trend.
Customer Reviews:
Great education for a dummy like me........2005-03-29
Larry Swedroe does a great job explaining the concept of the Modern Portfolio Theory and using index funds in a passive way opposed to a fund dependent on a manager. The first part of the book supports why an investor should avoid the trade magazines,newsletters,and MR. "I know it all" who ends charging you the higest fees and commissions.
Chapter 7 is worth the price of the book since this is where Swedroe shows the best ways to built a portfolio.
I had some concerns and emailed the author and he responded the very next day(can't beat that). I've read some other books on investing but this one like a good movie has had me thinking ever since.
Good Introductory Book on Investing...but..........2003-01-31
The book is an easy read and can be understood by beginners as well as the experienced. Beware that the author does over state the advantages of indexing and passive investing to some degree--take note of "assumed" realized gain example on page 48--active managed fund of 8% in capital gains vs 1% in passive. If he actually looked at some annual reports of actual mutual funds, the difference between active and passive funds in the tax efficiency area is much less.
The author goes on explaining the higher historical returns of smaller companies on page 120. However, it has failed to remind that the much higher trading expense noted on page 94 must be accounted for thus the difference is less than dramatic.
The book could have discussed in more detail how the weighting of the funds for proper diversification used on sample portfolios from pages 153-160 was determined. He accused market timers for data mining--back testing for patterns yet these portfolios rely to some degree on value stocks outperforming growth stocks over the long run.
The worst criticism is that the book is biased for use of DFA funds--thinly disguised marketing of his own firm who Buckingham Asset Management which is one of the few firms which handles these funds. As noted, these funds are available only through select fee only advisors or through pension funds. What it failed to mention is that most fee only advisors only take clients with at least $100,000 to invest and for those with less than $500,000, the fee is typically 1% per year. This is addition to DFA fund's own expense of about 0.6% making them effectively a loaded fund.
I agree DFA funds themselves are very well structured line of products. However, the difference in expense and the seemingly endless addition of new indicies makes me feel that their small edge is getting lost. There's a fairly good debate on indexfunds.com on DFA vs Vanguard which is worth a read before enlisting an expense manager.
The author took incredible efforts to discredit professional fund managers for their mediocre performance of expensive active management. Part of the reason was that managers tend to drift away from established styles after being frustrated from recent underperformance. But the author defends fee only advisors that they can add value by making sure you follow your own strategy yet cautions that the investor should retain the last word. The temptation for the advisor to come up with a "better" plan while you're investing in an established strategy exist. The advisor's job is to make sure the investor doesn't make the mistake of drifting in style but also has the opportunity to influence a style drift. All the effort of promoting low cost investing approach seem to have gone to waste the moment the author is subtly pushing fee only advisor.
Author attempted to discredit Professor Jeremy Siegel's claim that small cap stocks do not outperform large cap stocks if an 8 year stretch is removed from a 70 year record on page 119. The author used a completely different index than Professor Siegel. It's still debatable whether there was a simple abberation in historical return or not especially considering the added trading cost of smaller companies.
The numbers seem to be exagerrated a bit by pulling things out of context so be careful with any numeric claims and draw your own conclusion only after doing more research.
Despite these problems with the book, it is a good read. It explains the merits of passive investing, the principals of diversification, why fundamental/technical analysis aren't necessary or may even be counter productive, etc.
I highly recommend reading Jeremy Siegel's "Stock for the Long Run."
Strong Foundations For Investors.......2002-06-25
After reading Larry Swedroe's excellent second and third books I felt compelled to return and read this, his first book. My urge to do so has been more than adequately rewarded by this excellent text.
Larry Swedroe lays strong foundations by focusing on three major areas. First, he summarizes the results of several studies indicating that passive investment strategies outperform, over time and by a wide margin, active investment management. Second, Mr. Swedroe offers the individual investor a through overview of Modern Portfolio Theory and its subset, Efficient Markets Theory. Third, Larry provides a guide to the construction of a portfolio and discusses the roles investment advisors may undertake for the individual investor.
While some of the material in this first book is duplicated and updated in the second and third books, I recommend all three of these texts to individual investors. Larry Swedroe possesses the knack to take recent academic research and pass it on in an understandable, common sense manner to the many individual investors who do not possess advanced degrees in statistics.
My own library of "good books" on investing has grown to nearly 20 different texts. All three of Larry Swedroe's texts make my "good book" list. (I have rejected over 100 other texts and not included them on my "good book" list.) I highly recommend all of Larry's books, together with additional texts by Burton Malkeil, Peter Bernstein, John Bogle, Bruce Temkin, Roger Gibson and others. Larry's three books greatly assist the individual investor to build a solid base of knowledge to understand what works (and the many things that don't work) in investing. I highly recommend this book, and all three of his books, as key additions to every serious investor's library.
Swedroe.......2002-05-22
One of the best books on investing in index funds you'll ever need. The model portfolios are a big help too, and Swedroe's strong cases and academic studies supporting his ideas; it really convinces you to why you should invest in index funds. After interacting with the author, who, is one of the smartest men on investing, I can't wait to read his other books.
Swedroe is one of very few honest folks in the business.......2002-03-05
I read this and his first book. It changed the way I invest completely. There is far too much conflicting interests on Wall Street. From Wall St Houses, Mutual Funds, Investment advisors, analyst, on and on. They are all driven by getting a share of your investment dollars - performance is secondary. (Just look at returns from the mutual funds and the fees they charge - it is criminal). Passive management is so logical. Especially when so few of these advisors and funds EVER beat indexes on a consistent basis. Swedroe's books are both excellent. The second devotes more time to asset allocation - which is important even in a passive management structure.
Amazon.com
The world of mutual funds can be bewildering, but finding one's way in it has become a little easier in the past few years, with the arrival of books such as Mutual Funds for Dummies . Yet even this Dummies guide, weighing in at 406 pages, can be a little intimidating. Someone should write a smaller book, readable in an hour or so, with just the basic information on how mutual funds work and how to identify and evaluate the appropriate ones.
Which is exactly what Jason Kelly has done. The Neatest Little Guide to Mutual Fund Investing is admirably brief at 131 pages. It could be used as a textbook example of how to render a complex subject in the simplest and clearest way possible. Yet nothing essential has been left out, and even experienced fund investors could benefit from this quick read. How many investors fully grasp, for example, the various measurements of a fund's riskiness? Kelly explains what to make of a fund's alpha, beta, and standard deviation, and he does it in a way that anyone can understand and use. --Barry Mitzman
Customer Reviews:
Simple and yet comprehensive.......2001-06-03
I have been reading quite a few introductory books in Mutual Fund Investing, and I found this book gave the most comprehensive coverage with minimum reading. Besides, it also gave a lot of good tips and useful references (books, magazines and web sites). If you want to get a good overview on mutual fund investment, then this book is certainly a good start.
Gotta read this one!.......1999-11-25
this book has to be the simplest and easiest to read investing book ever written. Because of its brevity and straightforward manner, it can be read by any neophyte investor in a short period of time. GOOD LUCK!
This book deserves not 5 but 6 stars.......1998-08-01
Reading this book is the easiest and most time-saving way to learn about mutual funds. If you want a quick introduction to mutual funds which is funny and to the point this book is definitely for you.
It is informative, concise, and motivating........1997-06-12
I had read many investment books prior to Mr. Kelly's and only gained a modicum of diverse knowledge regarding the structure and function of mutual funds.
Because of his suggestions, I literally fired my broker--I know as much as the broker does regarding betas, alphas, deviations, etc. Indeed, a scary feeling. For those whose broker is making the profits, I highly recommend this book
Book Description
This invaluable new guide from financial expert David Scott analyzes the role that mutual funds play in achieving a balanced portfolio. In addition to explaining how shares in mutual funds are bought and sold, this clearly written book will show investors - how to assess a fund's investment objective in light of their own goals - how to choose from among stock, bond, and money market funds - how to evaluate the three different kinds of income associated with mutual funds dividends, capital gains, and market appreciation - how to save on fees when buying and redeeming mutual fund shares
Customer Reviews:
Excellent for Beginners.......2006-05-12
I have found Scott's book to be a real help in understanding how to select mutual funds. Now I know what fees to check and the type fund that best fits my needs. I have recommended this to my friends who were in the same sorry shape I was.
A Good Primer.......2005-07-25
This is another good investment primer in Scott's series. An easy read that is especially worthwhile for someone wondering what mutual funds are all about. After reading this book you may also wonder why you may be paying so much to buy and own shares of a mutual fund.
Basic Info.......2005-07-13
This is a concise guide for beginning investors. It is easy to understand and reasonably complete. The material is too elementary for someone experienced in mutual fund investing but just about right for someone who is about to get their feet wet.
David Scott's Guide to Investing in Mutual Funds.......2004-08-18
The author has written another superb book on investment. This book on mutual funds is fun to read, easy to understand and cuts through the fog of misunderstanding associated with mutual fund investing. It includes a detailed explanation of all the various mutual funds which includes equity, bond and money market funds. It also covers alternatives to mutual funds such as closed-end investment companies. The book provides a wealth of knowledge and is a welcome addition to my library on investing.
Book Description
Based on the Nobel Prize winning strategies of Modern Portfolio Theory and the thrift and sensible savings ethic that made America great - finally, an easy-to-read book on investments and retirement that cuts through all the noise and provides simple answers to the questions you need to be asking.
Customer Reviews:
Must-read book for any investor.......2007-04-18
Lays out the basics of modern portfolio theory in very concise fashion. Makes the case for indexing crystal-clear. Provides a useful guide to asset allocation and relevant asset classes.
My only quibble is that if everyone followed the asset allocation suggested in the book, which is heavily skewed towards small-cap value stocks, imbalances would be created that would eliminate the gains to be had from them.
A great retirement investing guid.......2006-08-26
I am recently retired, and an avid investor. This is the absolute best retirement planning and basic investing book I have found. It distills complex topics, such as modern portfolio theory, into easy to follow, easy to read chapters. I have bought a half dozen copies I have given to my kids and friends, and plan to buy more. This is a must read for people from college age through well into retirement age.
This book is so good ..........2006-04-21
... and provides such solid, convincing, factual evidence and research to support Mr. Davis' "Buy index funds only" advice that I'm afraid eventually everyone will discover it and stop buying any individual stocks altogether. Would that screw things up? I dunno, maybe not.
In any case ... Mr. Davis lays out a portfolio of index mutual funds for the reader in Chapters 30 & 31 that should optimize anybody's individual investment situation.
I've got a pretty decent savings now - But, I will say that I've gone back and compared what I actually invested in (since my I started investing in 1996) to how I would've done had I had this book in 1996 - I'd have much more than twice as much money, mainly because it would have eliminated my large losses/ mistakes. This just about makes me cry!
I wish Mr. Davis would establish a website where readers could ask questions or advice that may not pertain to everyone, like the advice in this book does.
Retire Early Sleep Well.......2006-03-24
Great book. This book represents the "Cliff's Notes" of 20 other books on individual investing. It strongly makes the case for a portfolio of index funds, with minimum expense ratios, and gives practical lists of how to implement such a strategy. Don't establish your personal portfolio without reading this book.
Excellent book.......2005-08-12
I have been an avid investor since I was 12 years old (I am now 53) and have read numerous books on investing. This is one of the best if not the best I have read on this subject. Steve Davis has written an outstanding book that presents very clearly and concisely the best advice out there for individual investors. He explains modern portfolio theory and shows how to apply it in a very practical manner that anyone could follow. I have recommended and given this book to many friends. I refer to his book frequently as I am preparing for my own retirement. I only wish this book had been available 30 years ago.
Book Description
MAXIMIZE YOUR RETURNS -- MINIMIZE YOUR RISK
Now, more than ever before, average investors are embracing index funds to eliminate the anxiety and expense of trying to predict which individual stocks, bonds, or mutual funds will "beat the index." In The Index Fund Solution, Richard E. Evans and Burton G. Malkiel explore why choosing index funds -- funds that buy and hold all stocks or bonds within a given group of securities -- ensures that you will always do as well as the market average.
The Index Fund Solution not only examines why index funds are growing rapidly in popularity but, using easy-to-understand language, also explains how anyone, from longtime investors to novices, can use these thriving funds to create a successful investment strategy. Whether you are saving for a child's education, the purchase of a house, or your retirement nest egg, index funds can be the key to unlocking the potential of dependable, long-term returns.
Customer Reviews:
Well written, easily readable, & very convincing........2006-04-11
I've read 4 - 6 different books on index funds & exchange traded funds in the past 2 years; plus using the considerable resources of Mornngstar & AAII, both on-line & in print. This is the best single book I've read that covers the entire index fund intellectual & financial universe. Written to the level of an American college graduate, reasonably financially literate, but not a financial professional. The material is well organized, logical, fun to read, humerous at times, & easily understandable. Evans suceessfully avoids clogging up his book with the incredibly complex mathematics & numerology which characterize many books & studies in this area. If you're looking for a single comprehensive resource to understand index funds, this is my nomination! Good luck!
Evans-Malkiel Book a good primer on indexing.......2000-05-02
Review of The Index Fund Solution by Evans/Malkiel
This is a good primer on using index funds to build a core portfolio, both with tax-deferred funds, such a 401(k) retirement savings, and taxable funds. The contributions of Evans , an investment advisor, is sandwiched between Professor Malkiel's introduction and closing chapter. It is one of three books I have read recently on the subject. Bogle's 2nd book on Mutual Funds is more technical and Swedloe's book is similar but is more oriented to the Dimensional Fund Advisors (DFA) approach.
The only mention of DFA is to Rex Sinquefield, Co-chair and CIO of DFA whose name is misspelled and whose title is wrong. DFA's enhanced index funds, based on the CRISP indexes are a major omission in the Evans-Malkiel book. Individuals can purchase those funds either if their employer's 401(k) has them available or if they use an advisor who has a relationship with DFA. The DFA 9-10 microcap funds have vastly different characteristics of size and value than the Russell 2000 or Wilshire 4500 index funds.
A few minor quibbles The Sharpe ratio example (p 86) 1.14% should be 1.14
P47 implies that "defined contribution plans" started in 1978. They go back 50+ years earlier to money purchase, profit sharing and stock bonus plans. In addition recent legislation allows employees of non-profits to be covered under 401(k) as well as 403(b) plans.
Evans chapter on taxes might have mentioned federal estate taxes which have a great impact on qualified plan participants with sizable estates. His three recommendations for variable annuities are all more expensive than one he omitted, TIAA-CREF.
Malkiel's final chapter provides an excellent rationale for capitalization weighted indexes as the only practical index-fund alternative, compared to dollar weighted and price weighted. DFA has an interesting approach to foreign indexing involving equal country weighting.
Malkiel, in his recommended portfolios, doesn't mention DFA's products in the large cap, REIT, foreign and small cap areas. While MPT and efficient frontier portfolios may be intellectually satisfying, Bogle and I have some problems with how slavishly one should follow their results.
All in all, this book is a very good starting point.
Conrad M. Siegel FSA, Consulting Actuary
Book Description
Packed with important stuff you need to know, and spiced with real-life stories of "entry-level" investors, cool facts (like the fact that between your 18th and 30th birthdays, you will likely hold an average of 7.5 jobs), and references to rock and pop songs, this hip, "tell-it-like-it-is" guide focuses on the basics of investing, stocks and bonds, mutual funds, short term saving and long term investing. Emphasizing that a person is never too young to think about investing, it includes definitions of important terms and concepts such as return, liquidity, risk, dividend, yield, and the stock market indexes; information on how to research a company, purchase stock, and select a mutual fund; and detailed explanations of 401(k) plans and IRAs.
Customer Reviews:
Start here, start NOW!.......2003-08-28
Ever traded baseball cards or comicbooks? You?ve taken your first step in investing!
This book succeeds where many others fail: It does an excellent job of breaking into layman's terms the most complex investing and financial concepts, while at the same time making the whole thing completely relatable for someone who knows *nothing* about investing. That is a talent many wish they had. This is no mean feat when you consider all the jargon you have to learn. Now, imagine having fun while doing it! Wow! Eric Tyson, eat your heart out!
Sure, it?s been a while since this book first came out, so you know it needs a little updating...get over it! I still give the book five well-deserved stars. I appreciate the authors for writing such an awesome little book, as reading a book is a big investment of time, and reading this book was definitely worth it.
Share it with a teen or twenty-something you love, and give them the gift of setting them on the path to becoming investors.
A MUST READ for people in their teens and twenties!.......2000-07-27
Before I bought this book, I was probably like a lot of young people out there... ya get paid from work and you go blow it on the weekend with your friends at the mall. You just manage to get your bills paid off, and wonder why you can never seem to get a decent amount put away in your savings account? People, wake up! This is the time you should be saving for your future, or you'll regret that you didn't when you get older! I bought this book with determination not to spend every dollar I make and how to put my money towards my future. The book gives excellent explainations on the stock market and how it works, and even explains all those Wall Street symbols in a way that it's actually fun to read! It explains everything from savings accounts, to stocks and bonds, to IRAs! When I was finished reading the book, I was so glad I had read it when I did, because the later you wait, the more you're wasting time! I recommend this book to all! Read it and you'll be glad that you did!
An excellent piece of information........1999-07-04
This is an excellent book. It makes so easy to understand - all those complicated stock terms, author makes use of beautiful examples from time to time. It is a must have for every person who wants to invest money in stocks etc. (may be, except the ones, whose primary carrier is stocks or stock trading). I myself bought and sold stock over the last few years but never understood the terminology completely. It is nice to have it in my library - Thanks to the authors.
A personal library must! Says a Cincinnati Investor........1999-03-30
There is absolutely no better tool in the market today. It's a great handbook for those sophisticated Generation X'ers, and an even a better tool for that worldly, younger new generation who are blazing trails right behind the X'ers.
Hey Boomers, your children, the N'Gens, are going to take the world by storm. With your ideas and their cohesive, cooperative energetic spirit, there isn't anything that they won't accomplish.... But without the financial skills so wonderfully illustrated in this book, your child will be left behind the pack. He or She will fail to live up to their unbelievable potential.
As an owner of this book, I can honestly attest to its value. I think it should be part of every high school senior's core curriculum! It is the only book that can make sure your child is ready to assist his/her peers in shaping the future of America and the World.
If your school board has not yet adopted this text, then please makes sure before your son or daughter goes off to college this fall that they have this guidebook to the world of life. America and for that matter the World will be grateful.
A Financial Analyst and Real Estate Investor (Cincinnati, Ohio)
This is a fabulous introduction to investing........1999-03-21
If you're a twenty- or thirty-something looking for an accessible, useful guide to investing, look no further. This is a great how-to guide to the markets, written in an inviting yet not condescending style. Buy it. Read it. Tell your friends.
Book Description
This book takes a very simple approach on investing and helps explain it in a story about two children. It is intended for children and teenagers aged 10 to 15, but also is a book that adults can use to easily understand concepts about investing. The basic premise of the book is that a child investing only $10 a month in mutual funds and adding more per month starting as a teenager can create wealth of about a million dollars over their lifetime, due to the length of time the money is invested. The book is intended as an educational source for both children and adults. Children and adults can learn that if they start investing early and regularly they can create significant wealth over their lifetimes. If children learn this lesson early they will develop good money habits and be investors throughout their lifetime. This book would be a great gift to a child to help them start to learn how to invest, which will be something that will stay with them for the rest of their lives and hopefully help them be financially independent.
The boy in the story is a child with an attitude. He loves ice cream, watching Star Trek and basketball, and watching his money grow. The story talks about why and how to invest in mutual funds, but also leaves the message that there are many more important things in life besides money.
Download Description
A children's guide to investing.
Customer Reviews:
We really liked this book!.......2001-04-23
We are sisters, 9 and 11 years old. Mom and Dad have always tried to get us to save money but we weren't very good at it. Mom gave us this book for Christmas and we really liked it. It makes sense and tells us why and how to save money in a way that we can understand. Thank you Ted and Lora Lea for a cool book.
A Great Start.......2001-02-18
There have been many books, pamphlets, brochures and people try to convince of the value of buying RRSP's. However, this book is the first to lay it out in an understandable and fun way .... and this is now my first year for buying RRSP's.
It was a great Christmas present to receive!
Thanks to the authours!
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- How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Mi
- The Virgin's Lover
- Rainer Werner Fassbinder: Plays
- Riding Between the Worlds: Expanding Our Potential Through the Way of the Horse
- The Inner Game of Chess: How to Calculate and Win
- Why Didn't I Learn This in College
- Trees of Texas: An Easy Guide to Leaf Identification
- Introductory Accounting and Finance for Lawyers
- Miller Comprehensive GAAP Guide, 1990
- The Few Things I Know About Glafkos Thrassakis
General
| Popular Economics
| Business & Investing
| Subjects
| Books
The Wall Street Journal Guide to Planning Your Financial Future, 3rd Edition (Wall Street Journal Guide to Planning Your Financial Future)
Beating the Street
Creating Wealth: Retire in Ten Years Using Allen's Seven Principles of Wealth, Revised and Updated
The Only Investment Guide You'll Ever Need
The Warren Buffett Way, Second Edition
