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Customer Reviews:
Understanding Wall Street.......2007-04-06
The first time I read this book was 20 years ago and was impressed with its thoroughness and ease in understanding. I teach at a junior college and offered the students an opportunity to learn a little more about investing that was not covered in their text. This book was complete enough to cover most of the topics and condensed enough for them to read considering their limited free time.
The Basic Ideas and Definitions.......2006-07-17
This book is like a "Dummies Guide" to Wall Street. It covers all the basic concepts and theories at a low level or introductory level. The book is one of the best books available on Wall Street investing for the general reader. But the book is more technical like a dictionary or text book. It does not tell you what to do to invest.
If you are a general investor do not rush out and buy stocks - unless it is mad money for fun based on the book. You need to read more books. Here are some more books to read on the actual investing and market trends.
As a general investor I like three books. They are "Common Sense on Mutual Funds" by John C Bogle the founder of the Vanguard Group, and "Irrational Exuberance" by professor Robert J. Shiller. If you can read these books you will have the basic information needed to become a successful and diversified investor, Also I like "Random Walk down Wall Street" by Burton G. Malkiel. If you follow these three books, for the most part you will yield superior investing results. If you follow these books you will understand the markets, the trends, the volatility, the rewards and required patience - and you will not need a pesky and expensive stock broker/financial advisor.
Great Beginner Book.......2006-03-30
I found this book in a house my father bought as a kid and began to read it. From an age of 10, it gave me a great knowledge of the market. Reading this book gave me more knowledge of the market then all the adults i knew and meet now. Now, 20ish years later, its helping me pick stocks and doing well.
packed with info, but slightly dull.......2005-11-06
I know, was I really expecting a reference book about Wall Street to be action-packed? Absolutely not. I agree with most people that this may be the perfect book for someone looking to form a solid understanding from which to start investing. I've listened to it 3 times over the past 3 months in order to reinforce all the concepts. and all the great info it provides aside, the writing and reading of this text is extremely dull and lacking in personality. Maybe I'm asking too much! I give it four stars for quality and accessibility.
Good Introductory Book.......2005-08-18
This book served its purpose well. I found that this was a very good introductory text to understanding stocks, the markets and investing. Only one downside, if you are looking for something a bit more sophistocated this book is not for you. I would name this book for anyone looking to gain basic knowledge about investing.
Amazon.com
Kenneth M. Morris and Virginia B. Morris update this now classic handbook to the fundamental principles that govern personal financial management. The Wall Street Journal Guide to Understanding Personal Finance covers the basics of banking, credit, home finance, financial planning, investing, and taxes in a concise and unambiguous manner. The details--amplified by graphics and peripheral data that consistently make its points easier to understand--range from the pros and cons of different types of banking institutions and the various kinds of checking accounts they offer, to the methods available for handling credit-card billing errors and the steps to employ when deciding how large a mortgage one can afford. Obviously, a book of this nature cannot fully answer all questions that might arise in every area it addresses; this one, however, goes a long way toward providing the relevant information that most readers will need to make knowledgeable decisions on their own. --Howard Rothman
Book Description
The Wall Street Journal Guide to Understanding Personal Finance gives you clear, simple explanations of the complextities you face every day in your financial life. This revised and updated edition also includes the information you'll need to make smart decisions about -- and avoid the pitfalls of -- banking, credit, home finance, financial planning, investing and taxes.
Customer Reviews:
Good for a brief overview, but I wouldn't call it a "Guide".......2005-06-21
A book that calls itself a guide should be full of information that the reader can take and use on his/her own. This book has a good overview of finances, but it does a poor job of relating one branch of finance to another. There is no building of knowledge for the reader, so it is as if you are reading a different book on each page. For a book issued by the Wall Street Journal, I was rather disappointed.
Great Starter Guide.......2005-06-08
Most of us have some gaps in our understanding of personal finances. This approachable guide lays it out briefly and understandably. Since my attention span is short for this topic, this is the kind of guide I needed.
For instance, the two-page section on DEALING WITH A LENDER, shows a loan application form with 6 boxed explanations for parts of the form.
You won't learn everything you need to know in two-page bites, but it gets you briefed on everything from mutual funds, making a will, getting insurance, understanding credit card statements, 401(k) plans, your W-2 form, etc.
Once you grasp the basics, you can find a book specifically on wills or whatever you are dealing with at the moment.
Gaining control over your finances can start with this book!
Beginners Complete Book to Finance.......2004-11-19
This book is filled with illustrations and is great for beginners or for those who are more visual learners. I personally didn't find this book extremely helpful because I have a background in finance but the illustrations and information is helpful for tutoring and explaining some of the concepts. It is also a good review tool or handy reference guide when you have a quick question about finance matters. In addition the range of material covered is great. You won't find this much investment information in one place so concisely organized.
Limited introduction to finance...I expected more from WSJ.......2004-07-07
I've just graduated from college and wanted to learn how to not be poor anymore. I bought this book because I knew about Wall Street Journal's reputation for expertise and in-depth analysis of the economy etc. What I didn't expect was a book equivalent to a children's primer on personal finance. It's not bad, per se, it's just not what I expected from the Wall Street Journal.
The book covers a broad range of topics from paper money to mortgages to stocks and bonds. Unfortunately, the coverage is shallow, mostly giving definitions of what things are. The book consists of teen magazine-like layouts of pictures, graphs, and diagrams. Some of the information is helpful while some of it is interesting but trivial, and all of it is in colorful, bite-sized portions. While it's entertaining and easy-to-understand, it's also quite "fluff"-y at times.
It's a good introduction to personal finance for someone who doesn't know much about how money works beyond how to buy things. It may be ok for new high school or college grads, either as a reference or a first book on personal finance but it's not at the level for anyone who actually wants to start investing and already knows the basics. Ironically, it seems to be below the level of Wall Street Journal readers. I have since given my copy away. For someone who already knows the basics but wants a introduction to investing, I enjoyed "The First Book of Investing: The Absolute Beginner's Guide to Building Wealth Safely" by Samuel Case. It's the only other book on investing I've read (I bought it on sale on a whim), but it was clear and informative, albeit a little optimistic.
a great introduction, but that's all.......2004-06-21
this book is a great introduction to personal finance, including banking, loans, investing, taxes, and retirement planning. it covers all of the basics, provides a nice, clear description of the processes and the structures of documents, and a glossary of important terms.
however, it's just an introduction. the book doesn't spend more than a few pages on any subtopic (ie the structure of a paycheck, the basics of a tax form). for details you'll have to go elsewhere, so keep that in mind.
as such, i'd reccomend this book to someone who is just learning the basics of money and the world of personal finance. it's a big world, you don't need to start with all of the details, so this is a good place to start. but very quickly you'll find you need more information, and you'll outgrow this book.
Book Description
The Wall Street Journal Guide to Understanding Your Taxes is an easy-to-use, easy-to-understand guide that de-mystifies the process of taxes.
It initiates you into the mysteries of the tax process and educates you regarding tax strategies.
Customer Reviews:
Good basic guide.......2007-02-01
This is a picture friendly small handbook that puts a happy face ont taxes. Its a small history book that feels like a TAXES FOR DUMMY book. Its a little too happy really for a subject that is not the most upbeat.
Good basic guide - helps understand the vocabulary of taxes.......2003-02-07
First, this is NOT a tax manual. This small and colorful book is designed as a general introduction to the process and vocabulary of the various taxes we all pay under varying conditions of income and investment. It is not a current guide to assist you in tax planning.
It gives you a basic introduction to the kinds of taxes we pay at the federal and local levels, the IRS, "paying as you earn", the annual (federal) return (with a nice general overview of the general applicable forms), audits (shiver!), and a little overview of tax planning. But, again, this guide's purpose is to provide a general overview and to provide you with basic concepts and vocabulary. Think of this as a good introduction to the topic rather than a practical preparation guide and you will understand what this book is trying to do.
It has lots of color and every page also uses helpful illustrations of the forms and processes involved in the tax process. Great for young people trying to learn what they are facing as the goverment(s) remove large chunks of their income to keep us in whatever it is we think we have from the government(s).
OBSOLETE.......2001-11-02
Tax laws have changed dramatically since 1995. A lot of the information in this book is irrelevant now. Does not include infomation on newer tax credits.
WSJ must introduce a new and updated edition.
Taxes in brief for beginners.......2000-03-31
This book was the right price and the right pace for a young person begining his or her life on their own. The Wall Street guide is comprehensive covering a quick history of taxes and then expounding upon the present state of US tax codes and the IRS. This book won't help you fill out your taxes nor contain the most up todate codes but may help make the frustration and confusion associated with filing much lest daunting and more bearable
Customer Reviews:
Pretty good overall guide.......2007-04-26
This book was great I had to read if for an Economics class and it helped me to understand more about financing and how to raise money for school. It is great to have an understanding with this so i can be ahead, and collect as much money as I can for retirement. This book goes into many categories in financing such as banking, investing, financial planning, credit, and mortgages. I would recommend this book to anyone wanting to learn more about how to have a good financial life.
Not getting bang for ur buck with this book.......2007-03-26
I bought this book and then returned it. I found it way too brief and simplistic, not offering details and explanations to concepts I was already familiar with. Frankly, for the price you could get much more instruction on personal finance with other books (i especially like Clark Howard's).
Understand Your Finances.......2006-02-16
(this review is based on an earlier edition)
Most of us have some gaps in our understanding of personal finances. This approachable guide lays it out briefly and understandably. Since my attention span is short for this topic, this is the kind of guide I needed.
For instance, the two-page section on DEALING WITH A LENDER, shows a loan application form with 6 boxed explanations for parts of the form.
You won't learn everything you need to know in two-page bites, but it gets you briefed on everything from mutual funds, making a will, getting insurance, understanding credit card statements, 401(k) plans, your W-2 form, etc.
Once you grasp the basics, you can find a book specifically on wills or whatever you are dealing with at the moment.
Gaining control over your finances can start with this book!
Customer Reviews:
Outdated Facts and Perspective on Financial Markets.......2000-07-26
This classic of basic definitions has a new edition that came out in 1999. Although I have not yet read that one, I do suggest that you skip this one.
The book is filled with discussions of how investors value stocks that few serious investors would recognize. There is almost nothing about investing outside the United States. NASDAQ gets almost no mention. The information about discount brokers is wrong. The terminology for describing many types of stocks was never correct, as best as I can recall.
The facts that are correct relate mostly to trivia, like what the number on a stock certificate means. It could help you answer a question on Do You Want To Be a Millionaire? but has little other practical use. Many of these facts (such as how to read the stock tables) can be garnered by simply reading the footnotes in The Wall Street Journal or Barron's.
This book is a good example of the communication stall. We tend to believe everything that we read from what should be reliable sources, even when the information is often faulty.
Donald Mitchell....
Great for People New to Investing.......2000-03-28
This book is excellent for people who are new to investing and managing their own money. It is colorful, easy to read, gives great real-life examples and provides a great index to the book can be used as a referrence manual. The book can be read rather quickly to give someone a feel for understnading stocks, bonds, mutual funds, futures and money in general. It's a must read prior to investing money.
Product Description
An Easy-to-Understand, Easy-to-Use Primer that helps take the mystery out of Personal Finance, Credit, Educational Costs, Mortgages, Investing, Taxes, and Financial Planning. Authors of "The Wall Street Journal Guide to Understanding Money Markets"
Average customer rating:
- Outdated
- Not that good.
- Puh-leeze
- Daytrading? NOT!
- Usless fluff
|
Understanding Electronic Day Trading: Every Investor's Guide to Wall Street's Hottest Phenomenon
Carol A. Troy
Manufacturer: Mcgraw-Hill
ProductGroup: Book
Binding: Hardcover
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ASIN: 0071351523 |
Amazon.com
Online investing is the killer app of the Internet and it's been rapidly mutating in Internet time. Journalist Carol Troy has written a thorough overview of online investing that is particularly well focused on its evolution toward direct-access trading without a broker. According to Troy, about a third of all retail customer trades are now being done online, and more and more of these are executed instantly over electronic communications networks (ECNs). "Thanks to the silent cyberrevolution transforming traditional markets into online cybermarkets, anyone with a home computer can now trade stock alongside the professional traders on Wall Street," says Troy. "In fact, this new electronic access to the market has put the individual investor one-up on Wall Street. Online investors now buy wholesale. They nip away at he traditional markups between bid and ask that market makers once pocketed."
Understanding Electronic Day Trading covers it all: the hardware and software you need to start, the Internet connection options, reviews of the top online brokers, cutting-edge sources for real-time market information, news, and analysis; and traders' top picks for real-time information providers. There are interviews with the heads of exchanges, trading firms and data vendors, and reviews and screenshots of the best online resources. Most valuable are the author's explanations of the NASDAQ Level II screens and the inner workings of the market makers and each of the ECN participants. Also included are rules followed by top traders, and a set derived by the author who more than doubled her own small stake in a four-month experiment for this book.
Anyone from the casual online investor to the seasoned microtrader will find this book well worth reading, if only for the historical overview and glimpse into the future of this fast-changing business. --Scott Harrison
Book Description
Beginner's A-Z guide to online trading Electronic day trading's been called “the world's most exciting video game” -- an electronic gladiatorial arena where you live and die by the speed of your wits and fingers. Understanding Electronic Day Trading: Every Investor's Guide to Wall Street's Hottest Phenomenon, by Carol Troy, puts at your fingertips information from the insiders who are making this trading revolution happen. Every vital aspect of direct access trading is explained in the clearest possible terms. You get cutting-edge sources for real-time market information, news and analysis -- including the free “ticker” you can program to keep you on top of the stock's you're watching. From how this type of trading came into being, to what direction you can realistically expect it to take in the future...from how to get your feet wet with as little as $1,000, to a checklist of do's and don'ts -- this is the guide to check out if you're considering electronic day trading as a modest sideline -- or as a career with a potential five- or six-figure payoff.
Customer Reviews:
Outdated.......2005-01-05
I bought this book right around the time when the internet bubble was about to burst. At that time, the information in this book helped me get a clear view of the steps to take in order to get started in the business of stock trading. The problem with this book today is that the information is outdated.
If you are looking into books on trading, the information in this book will not help you. Some companies like Datek which Carol Troy mentions a lot in this book don't even exist anymore (Datek was bought by Ameritrade). Therefore, if you are a newcomer this book might confused you.
I have nothing against Carol Troy. I think that her writing is very interesting. I am just saying that anyone who is looking into books on trading (not an easy task), will benefit from more well known books.
Not that good........2004-05-22
When I started researching information about day trading this was the first book that I bought. If you are interested in day trading you may find some parts of the book usefull. There are some interviews that are kind of good. The rest is outdated. But if you are a beginner I would sugest that you read Market Wizards or Reminisences of a Stock Operator to get the feel of what it really takes to succeed in this hard but rewarding business.
Puh-leeze.......2000-11-03
The author admits she hadn't done any day trading before late 1998, and that she held on to an Amazon short position for more than a year (as it rose one hundred points)! Is THIS someone you want to take money advice from?
Just to give you an idea of what to expect from this book: 1) lots of screenshots of web pages you've probably already visited; 2) lots of references to Troy's three trading tips, which amount to little more than "buy low, sell high" (gee, thanks); 3) a complete lack of information about how to develop day trading skills.
You'll like this book if you're interested in the history of electronic systems available to day traders. Otherwise, pass.
Daytrading? NOT!.......2000-05-13
I would have given this no stars but Amazon doesn't allow that. This book was useless except for the laughs I got reading about the authors "daytrading" adventures. For someone serious about daytrading there are MUCH better books out there. If you want to open a browser based online trading account with $2500 and do position trading then maybe, possibly, although I doubt it, you might find something of interest in this book.
Don't be misled though - this book has nothing to do with true direct access daytrading. For that check out the excellent "Electronic Daytrading Made Easy" by Sarkovich.
Good Trading
Usless fluff.......2000-04-29
It forced me to give it a star, I wanted to give it zero stars! What a useless book! Half the book is the authors' interviews with various CEO's. The book will tell you what most of you already being online already know. A whole chapter is devoted to telling you which web sites to go to for financial info, like CNN and the Motley Fool. Another tells you which brokers are online. You can get this info at Yahoo. This book is a glancing overview of online trading. No real info, no info on techniques, no info to make you money. Don't waste you time or money. Get Toni Turners "A Beginners Guide to Day Trading Online" for real info.
Books:
- Working Knowledge
- You Can If You Think You Can
- 101 Internet Businesses You Can Start from Home: How to Choose and Build Your Own Successful e-Business
- A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
- Advertising and Integrated Brand Promotion (with InfoTrac )
- America Alone: The End of the World as We Know It
- Analysis of Financial Time Series, 2nd Edition (Wiley Series in Probability and Statistics)
- Applied Strategic Planning: How to Develop a Plan That Really Works
- Ben and Me: An Astonishing Life of Benjamin Franklin by His Good Mouse Amos
- Business and Its Environment (5th Edition)
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