Book Description
From financial expert Douglas R. Andrew comes an extraordinary book that challenges the most basic and fundamental concepts of personal investing in a user-friendly format.In the 30 years Douglas R.Andrew has worked as a successful financial analyst, lecturer, and retirement consultant, he has routinely questioned and challenged the accepted tenets of personal finance. His conclusions are absolutely startling. In 23 informative chapters, Andrew reveals his no-nonsense, yet unconventional, financial growth strategies that challenge widespread money myths and make his clients rich with advice like: * You shouldn't pre-pay your mortgage* Don't expect your 401Ks and IRAs to cover retirement* You can (and should) buy a home with no money down* and more!Originally self-published as MISSED FORTUNE (Paramount Publications, 7/03) and targeted towards a more professional financial audience, the first edition of this book sold 10,000 copies. In 4/04, it was published in Warner Business Books trade paperback (0-446-69350-2). This new hardcover edition has been significantly condensed to appeal to the average personal investor.
Customer Reviews:
Unlike some advisors Mr. Andrew walks his talk! .......2007-10-02
I have had the occasion to meet Douglas Andrew and he is his own biggest client. He seems to be one of the most straight forward, straight shooting people I have ever met. I was a stock broker with my insurance license, a mortgage wholesale rep, as well as a real estate broker and I have to say the strategies that are espoused in this book are all... right on! Hey, nothing is completely risk free but this comes close. I took my own home equity out [by selling my home] before the prices went down. I am glad I did. Most of it I will put into this strategy over the next 4 years and some will be saved for a down payment when I think housing prices have bottomed. When that home goes up I will take the equity out and start another plan like this. It makes little if any sense to have your home equity sitting there doing nothing. I mean would I leave $100K or more sitting in my checking account, earning zip? NOT! Well money that was sitting in my own home was making me nothing. It's the same to me. Hey, if I can borrow at a simple interest rate and have it accumulate and grow [even tax favored maybe] and compound over time into a large sum, I am all for it. The idea of using home equity to grow wealth is not new but until now I have never seen a strategy that I was comfortable with. This book turns life insurance upside down and shows us how to maximum fund a contract and therefore use it as a great 'living' benefit rather than buy the most death benefit for the least amount of money and possibly outlive the insurance just when we are nearing the 'benefit', if you want call it that, since one has to die to get it. But let's face it, we all need life insurance and I know no better way to have it. The way Mr. Andrew explains it, if structured properly Uncle Sam is paying for it. The strategies in this book are varied and flexible. He also shows us how our qualified plans [401K, IRA, 403b, etc] may very well not be serving our best interest. This book is a must read for anyone that is willing to think for themselves [outside the box] and especially if you have been around long enough to understand what Douglas Andrew means when he says 'sometimes it's what we don't know that we don't know that can hurt us.'
Please be careful..........2007-10-02
I think I would sign up for this if I had a lot of money and have as a small part of my portfolio - but for the most of us this would mean putting all our eggs in one basket, and not be able to take them out again.
I had 2 telephone appointments with the author's son contemplating signing up with their method. I expressed our concerns about our liquidity if another disaster of some sort happens. When 9/11 happened our income went down significantly for 1-2 years afterwards, and if it happened again we would not be able to pay the much higher mortgage we would have if we re-financed according to his plan. He swiftly explained that we would just file for bankruptcy(!). We have worked hard for ten long years putting our sweat equity into making our little house our dream home that we never want to leave - you can't buy a view like ours for a mortgage of $800/month anymore - why would we want to gamble with that?? The negative amortization loan he suggested would easily be covered by the continually rising house values here in Southern California, he explained. I protested that nothing can keep going up and up forever, and I didn't want to sit with an upside-down situation in my house at re-finance time. He didn't agree - just look at history he said - it keeps going up! Fast forward a few weeks and the whole foreclosure heaven came down, and our house is worth a good $100.000 less than just a year before...
Boy are we happy we didn't put blinders on and get too gullable!
We will find another way to provide for our retirement, thanks.
Also his projections of payouts in retirement are not adjusted for inflation so it really doesn't tell you much. $70k might sound like enough today but what will it be in 30 years...?
Please look into your options, consult a few traditional financial planners and ask them to explain the differences and in particular the high fees associated with this method. We found out that we'd be pretty well off just by investing the difference between our current mortgage payment and the one we would have re-financed to. Also have an equity line on your house and you will have the liquidity the book tells you you can't have unless you go with their method.
Utter Garbage.......2007-10-01
Every flimflam man knows that the con must be carefully layered around a kernel of truth for credibility. Missed Fortune 101 by Doug Andrew succeeds in this by wrapping a number of preposterous ideas and prevarications around three basic and true axioms. They are: (1) income is taxed in what are essentially "chunks," (2) the only relevant tax rate for decision making is the marginal rate, and (3) tremendous wealth can be created by borrowing at one rate and investing at a higher rate. Everything else in this book is not only utter nonsense, but potentially lethal to one's financial health.
The author arrives at two basic conclusions. We should borrow out of our homes and invest the proceeds at a higher rate. Universal life insurance serves as Andrew's means to this end. We should also suffer the consequences of withdrawing from our IRAs and other retirement plans now rather than later, since the tax from such withdrawals will only get worse. Naturally, the leftover funds (heavily diluted by taxes) should be invested in the same insurance policies, which supposedly offer a higher--and safer--yield than whatever the retirement plans were invested in. By page 5, I realize I'm reading a book-length sales pitch and con that has the potential to wreak havoc in my clients' lives (disclosure: I've been an Enrolled Agent tax professional and Certified Financial Planner licensee for almost three decades).
Anything this full of nonsense is difficult to critique. Short of writing a book-length retort, I've settled on the idea of listing the multitude of problems by category and providing examples from each.
A far more comprehensive review is available at my personal sites; just Google my name to find me. This is an abstract from that review. Serious readers will want to check out my books to see what links may exist between financial abuse and the field of addiction. You may wish to start with Drunks, Drugs & Debits: How to Recognize Addicts and Avoid Financial Abuse or Alcoholism Myths and Realities: Removing the Stigma of Society's most Destructive Disease.
Highly misleading examples
(2) "A $6,000 interest expense deduction on an itemized tax return has the same impact as a $6,000 qualified plan contribution. They are simply reflected in different sections of the return." Aside from numerous other issues, the tax savings from the interest deduction may be zero if you don't already itemize deductions.
(3) He implies that ordinary investors can double their money for 20 periods by comparing one dollar pre-tax and one dollar taxed-as-earned, doubling each "period" for 20 such "periods." The number of humans who have done this or something equivalent numbers perhaps a few thousand, which wasn't accomplished by investing in insurance contracts.
Faulty and twisted logic
(4) "...Your home may likely sell much more quickly and for a higher price with a high mortgage balance rather than a low mortgage balance." What the heck does the balance on my mortgage have to do with what a buyer is willing to pay me for my house?
Broad, sweeping and misleading generalizations
(2) Andrew advises that we all sell our homes and repurchase with 100% financing with the goal of freeing up equity to invest in his recommended universal life policies. He ignores the higher interest and property mortgage insurance costs on such loans, overlooks possible increased property taxes and disregards fixed transaction and moving costs.
(4) "Unfortunately, non-spouse heirs far too often end up with only about 28 percent of the money that was left in their parents' IRAs and 401(k)s." This is scare-mongering.
Questionable predictions and grand assumptions
(3) "Conservatively, [our cozy retirement] cabin will double in value every ten years..." and our $100,000 cabin will be worth "$800,000 in thirty years." Very few areas in the country even during the late real estate boom of the last three decades have done that well. What would qualify as "aggressively"?
Assertions and generalizations that may be lethal to your retirement
(1) "Home equity has no rate of return when it is trapped in the house..." This is outright nonsense. The return is what you save in interest or rents.
(5) He concludes that if not done before, "roll-outs" from IRAs commence at age 59 ½ over a five year period and that some younger people under age 50 should commence withdrawals despite the imposition of early withdrawal penalties. The value of tax-deferred growth is ignored, as is the fact that "repositioning" of funds shrink the amount available for investment by the tax paid, which greatly distorts his calculations.
Inane or incorrect assertions
(2) He states that the interest on an equity line used to purchase universal life insurance from which you contemplate borrowing is deductible. Under IRC section 264(a)3, it isn't).
Sloppy editing of facts
(2) "One requirement [for withdrawing tax-free income from a Roth IRA] is that a distribution may not be made until at least five years after the first contribution is made." This is incorrect. Principle contributions, which are withdrawn before earnings, can be taken at any time at no cost in tax or penalty.
Poor writing and berating of those who disagree with him
(2) "There are two ways to handle information: ignore it as false or increase your level of understanding to accommodate new ideas." Obviously, we are supposed to accommodate his ideas or we're complete idiots.
(3) There are probably hundreds of examples poor writing. "...Premium payments can be varied, fluctuated, and adjusted according to circumstances..." should be, simply, "Premiums can be adjusted."
Throughout, Andrew uses variations of the typical bunko-artist salesman ploy: scare you into agreeing to do whatever he says because life will be filled with disasters if you don't. On the contrary: your financial life will likely turn into a catastrophe if you do.
What your Life Insurance Agent hopes you NEVER read.......2007-10-01
When did Life Insurance become a good Investment?
Did they stop charging those 90% plus commissions on target premiums?
When did the Life Insurance Agent become a charitable organization?
Anyone who is believing this so called NEW way of thinking is either really bad with math or simply does NOT understand Life Insurance. There is a REASON you don't see REAL professionals using this concept they KNOW the TRUTH!!!
What is the ROI on my home Equity? MORE THAN ANY LIFE POLICY!!!!
After you learn how to subtract out all the commissions and fees, then the REAL cost of the death benefit, loan fees for your house loan fees for the life policy let's sit down and compare which approach works best. Having my house free and clear with NO COMMISSIONS to pay, no loans, and no INCREASING internal costs for the life insurance will BEAT any Life Policy I GUARANTEE IT!
Here is a shocker to reality. If you bought into this BS and mortgaged your house and placed the money into a life policy order a current statement for your policy showing the SURRENDER CASH VALUE in the first year, HOW MUCH did you LOSE? Then look at the 5th year how much have you LOST? Tenth year? Do the REAL MATH find out the REAL FACTS.
LIFE INSURANCE is one of the HIGHEST commissioned products in the financial industry if not the HIGHEST FACT! Where do you think that money comes from, YOUR POCKET. 90% first year target premium commission and then about 6% commission each year thereafter. Do the math if the insurance company is paying out 90% of the first year target premium in commissions and 6% each year how long does it take for YOU to make MONEY or even breakeven on your so called investment? It will take OVER 20 YEARS!
Here is a little KNOWN FACT there are currently MANY so called experts out there today TRAINING for a large fee many other life insurance agents and mortgage brokers how to SELL LARGE COMMISSIONED life insurance policies. They don't care if you need a policy or NOT they only care about SELLING a policy. Check the facts. Some are even paying for cruises for Seniors then encouraging them to apply for insurance. IT IS HIGHLY PROFITABLE to someone BUT NOT YOU the policyholder.
You will see many lawsuits in the coming years from these abuses when the you know what finally hits the fan.
By the way did you know that it was illegal for you stock broker to encourage you to take out a mortgage to buy an REAL INVESTMENT? It should also be illegal for Insurance Agents but it's not, well not YET, time will tell.
I wish more people would ask the harder questions before believing this new line of BS.
FACTS: Insurance agents make about a 30-50% commission on term life insurance and around 90-95% commission on whole life products. Keep in mind that this is the first year commission on the premium and subsequent year commissions are much lower with an average of 6% per year for whole life products and 4% per year on term life insurance products.
One of the great problems with whole life is only an expert can tell if a policy you own or are considering will ever become a decent investment. James Hunt, actuary for the Consumer Federation of America, who has analyzed thousands of policies, notes that whole life policies hardly ever yield a reasonable return unless held for 20 years or more.
So if you buy one be prepared to pay into it for the very long haul.
The key to a whole life policy is its internal rate of return -- the yield on the policy after all fees and charges are subtracted. A competent analysis can determine at a minimum whether the weight of the fees and charges built into one of these policies will ever allow a worthwhile return. Such an analysis will also pinpoint the minimum amount of cash value that you can derive from a policy at any given time interval.
Some financial planners, actuaries and accountants can perform internal rate of return analysis on your policy. The Consumer Federation has a service that will do this, calculating the real return year by year and comparing it with other investments.
Promissing theme but not a panacea.......2007-09-30
Folks, this book will not apply to most readers.
I really wanted to understand and believe the method of this book because I certainly could benefit from it. The theme is to extract equity from your home(s) now before the bubble deflates. Then you invest it into insurance products for a guaranteed return. The whole book builds the reader up to find that magical solution, which climaxes at the end with a table of financial calculations.
Here is the problem with this method. His base figures are unrealistic to start with. Current rates for equity extraction (home loan/credit or refinance) are *higher* than what he uses in his tables. The returns from a fixed insurance contract are much *lower* than his tables. If you plug realistic figures into the calculations you will see this method barely makes sense.
There are many huge disadvantages to this method. First the upfront and yearly fees are so expensive it does not make sense to withdraw your money for at least 6 to 7 years should you need it. Second, you are paying a price for the guaranteed fixed return in the term of management fees which lower your return. If you invested in a regular taxed mutual fund, over a long period of time you will always do better than the insurance fixed return. Third, insurance contracts are not wise vehicles for passing on wealth to beneficiaries. Sure there is a payout, but should you live far past your average life expectancy, the majority your accumulated funds go into the insurance company's vault forever! Fourth, the method mentioned in the book is convoluted and is in part based on a series of tax loopholes. That means, as the author does acknowledged, the legality and advantages may change or vanish over time.
With all these drawbacks, why was the book written?
This book is essentially a sales pitch disguised as a presentation of logic and calculations. But as mentioned, the figures used for the foundation of the calculations are simply not realistic.
Financial planners make their biggest commissions on insurance products. The author is a financial planner.
Most financial gurus (Susy Orman, etc.) dislike insurance contracts and advise that individuals plan their own investments.
However, for those who would like a lower fixed return for a price and are less concerned about passing on their wealth to beneficiaries, this method could possibly apply.
Customer Reviews:
Everything you didn't learn in school...in small lesson........2006-01-16
Lots of delicious tidbits to get the brain juices flowing. This is the appetizer to all your wealth meals. I bought it, initially, because it was one of the few books that touched on the subject of buying notes. It's simple and easy to read. So if you're not sure which direction you want to go to build your wealth...start here. You can refer to it over and over when you're ready for a new wealth concept.
good summary of strategies, short on detail.......2005-08-09
This book is easy to read and covers a wide spectrum of financial strategies. This is exactly what the book was meant to do, and I think it does a pretty good job at it. There are quite a few references to the author's other works for those interested in particular strategies. Clearly, I would recommend that someone only use this book as a good overview of strategies, but not for making any specific financial decision. This should give you the information to decide how to pursue your financial goals, but you would want to pursue much more specific and detailed material on real estate, stocks, options, etc.. before making any specific financial decisions.
Should be taught in schools as a Wealth Course.......2004-07-11
Wealth 101 is a compendium of Wade's best strategies, all inone book. You will learn about covered calls, rolling stocks, options, stock splits, lease options on real estate, corporations and more. This really should be a college course and taught as Wealth 101. Great stuff!
101 STRATEGIES THAT REALL WORK!!.......2003-09-27
This book is a compendium of Cooks Real Estate, Stock Market and Busines strategies. Actually 101 strategies from someone who has been in the trenches, knows what works and what doesn't work.
Too many other books are written by "paper authorities" who only write based on popular dogma perpetuated by other authors who are high on advice but low on experience.
Wealth 101 should be taught in schools. Good book, you'll love it.
wealth 101.......2003-09-15
...its a good book to read for inspiration. The best reading is the little tidbits of insight that are sprinkled throughout the text of the book(time management,financial planning,ect) I find,however,the real estate and stock market strategies mere filler and the book itself doubles as a catalogue for products and services. The book is definitely marketed to the "get rich" and "seminar junkie" crowds. I like the book for the information on what not to do and what one should do to be successful. I am not completely enamored of the investing and real estate strategies largely because I believe one should consult respected specialists in the various topics covered within the book.However,I believe the book alludes to this fact. Overall an entertaining read but the book is not worth the purchasing price new as is the case with most books of this genre. I give it 2 stars because the content therein may be of interest to the various markets mentioned above.
Product Description
These are just a few of our feed backs. See for yourself!!! Great book, recommend for everyone doing permanent makeup, will buy again. Outstanding book, full of experience, definitely will buy from Debbie again. Good information thanks. Awsome book, very informative. This Book includes easy steps to follow to perform beautiful brows, eyeliner, lip liner, and full lip procedures. Also answers questions on how to mix popular colors, correct unwanted colors and what colors > to use with different ladies hair colors and under tones. Including tips to increase business and how to make Permanent Makeup a rewarding career and much much more!!!!!!!!!!!! This book has been written by Debbie McClellan and she has been doing Permanent Makeup for over 13 years and has performed over 10,000 successful procedures. Here are just some of the questions that are answered in the book: How can you increase your business? What is a good implanting technique you can use with almost any machine? What is your table setup for a procedure? Are touch-ups just a normal part of Permanent Makeup? What is migration? What are your procedures for the brows? Is there a good way to measure a client's brows when you are drawing them on? (includes diagram) How can you improve a client's brows? What is the procedure for the eyeliner? What are some helpful tips when it comes to eyeliner? What is your procedure for the lips? What are some helpful hints and tips on the lip liner procedures? Which of the colors do you find you use more often for lips? What can you do if your colors are coming out too light? Can you tell skin undertones by just looking at the person?
Book Description
Investing in real estate can be complex and fraught with perils. New investors and seasoned veterans alike make mistakes. In a brand-new take on real estate investing, experienced investor and attorney Robert J. Hill II shares words of wisdom gained through experience from successful real-life real estate investors nationwide. This is practical advice on the real-life traps that trip up even the most experienced investors.
What No One Ever Tells You About Investing in Real Estate will help new, experienced, and would-be real estate investors identify pitfalls and learn tricks and strategies to sidestep problem areas. Readers get hands-on advice in such action areas as:
* Mastering the basics.
* Understanding types of properties and different ways deals are structured.
* Finding profitable real estate deals.
* Financing opportunities.
* What to do when closing as the buyer or the seller.
* How analyzing the sale differs when you're selling versus when you're buying.
* Smart strategies for maintaining rental properties.
Inspiring, motivational, and supportive, readers will learn from these inside stories, including the funny, embarrassing, or even huge real estate investing mistakes that have never been told. What No One Ever Tells You About Investing in Real Estate also includes a wealth of proven forms that support successful practices.
Customer Reviews:
Don't Waste Your Time & Money.......2007-05-02
You've got other places to spend your money. Don't waste it on this "Glossary" of nothing new under the sun. What no one ever tells you about investing in real estate--believe me, you've probably heard it before.
anecdotal, pointless, somewhat entertaining.......2007-04-22
If you're looking for a book that offers insider tips and advice to help you become a successful real estate investor then stop- This is not the right book for you.
If you're looking to be entertained, and read anecdotal stories from real estate investors then this might be worth a read. I'm not saying there isn't some value contained inside this book. But it's similar to the value in a fable. You read a 4-5 page story, and in the end you get a one sentence moral.
Overall this wasn't the book for me, I found it totally useless and wouldn't recommend it to anyone seeking a serious book on real estate investing.
Worthless.......2006-03-11
Not much substance here, just a collection of 'stories' from other people. Money is best spent elsewhere with an author who has actually done real estate deals, not just collect stories from others.
what no one ever tells you about investing in real estate, 101 sucess stories by R. Shemin.......2005-09-11
What a waste of my money, stories of sucesses and failures of a Real Estate salesman, how boring! Buy something else or save your money!
Not worth the money.......2005-09-03
I did not feel this book provided anything that the new real life entry level investor needs.I thought this would be informative information that would have real value, but instead got a collection of stories. It was like a collection of stories to help the investors that have already made it, but not the real stories to prevent the everyday small investor from making the entry level mistakes.
Book Description
Futures 101 explains the basics of the commodity futures market and how ordinary investors trade. Examples using trivia and wit illustrate steps used trading in this financial arena that's bigger than the stock market. Readers from 50 states and 17 countries have found the unusual writing and explanations helped them understand commodities.
Customer Reviews:
Never Traded Before? Good Place to Start.......2007-03-31
This book is a FANTASTIC first book to read about commodities trading. Will it show you how to develop a Chart? NO. Will it teach you how to feel a market? NO. Will it give you the skills to begin trading as a beginner, paper trading or otherwise? NO. But what it will do, and it is a fantastic book for this... It will give the reader, especially a novice/beginner or a person who is interested in exploring "commodities" trading a good base of knowledge, in a simple and uncomplicated way. It will make clear what trading is, what are the ground rules, how it works in theory, and what you will need to do and emulate, to see any success in this complex and interesting field. I have purchased this book 7 or 8 times for several of my friends who 'want to know' what commodities trading is. The explanation of leverage, the concepts of 'longs and shorts' the idea of selling something (going short) is complex to the everyday person. Most people cannot imagine you can sell something (going short) without actually having something, and then buying later to fill your short. My wife is very smart, but she had "never knew" you could do such a thing. So, if you want to 'get the idea' of what commodities trading is, buy this book. It will not overwhelm you, but will help you understand enough (like putting your toe in the water of the pool) to determine if you want to jump in, or just wade in, or if you would rather find something 'less risky'.
Great for the Futures Clueless.......2005-10-03
I received the 1997 edition, NOT the 2000...therefore my comments are based on the earlier edition. I enjoyed the book as it is a very easy read and could more appropriately be titled 'Futures 100: An Orientation', as the author does exactly what he promises to do and that is to introduce the reader to the world of Futures. I read it in one day and would recommend it to anyone who is eager to learn about Futures. Waldron does provide a couple of interesting examples of success in trading, but more knowledge should be ascertained. He also offer additional resources to assist the reader with their journey for more information regarding concepts, research and trading.
I would recommend this reading if your only interpretation of Futures are multiple tomorrows :-)
Used book.......2005-09-17
Excellent service. My book arrived on time and in excellent shape, just as described on the site.
Great for neophytes........2004-11-06
Neophytes will not find a better explanation of the futures market. How it works, what it is, terms and what they mean. The guy has a gift for explaining what could be confusing in a very straight forward manner that will also stick in your head. You learn more than you think.
I do find the typewriter look to the text annoying. Which is why it is only 4 stars.
And this is a book for someone knowing little or nothing about the futures or commodity markets. But it will get you up to speed very quickly and painlessly.
A req'd reading for "Futures 101" An Intro to Futures Trad'g.......2003-12-28
This book is:
1) ONLY for non-futures traders looking to understand the art of commodity trading,
2) illustrating step-by-step of when, what, who, and how of futures trading,
3) depicting how you can win or loss BIG from futures.
This book isn't:
1) an advice on how to WIN,
2) a tool on how to beat the system.
Since I am a bystander looking to investing in the futures, this is a great book to begin. A perfect Futures for Dummies.
Average customer rating:
|
Experts Answer 101 Tough Practice Management Questions
Mary Mourar
Manufacturer: mgma
ProductGroup: Book
Binding: Paperback
 General
| Business & Investing
| Subjects
| Books
Management
| Management & Leadership
| Business & Investing
| Subjects
| Books
Look Inside Business Books
| Trip
| Specialty Stores
| Books
ASIN: 1568292805
Release Date: 2007-02-01 |
Product Description
Compiled by Mary Mourar, MLS; Edited by Kenneth T. Hertz, CMPE, Cynthia L. Dunn, FACMPE, Nick A. Fabrizio PhD, FACMPE, and Jeffrey B. Milburn, MBA, CMPE - MGMA Health Care Consulting Group - The to do list for a practice executive is never ending: from physician recruitment and retention to reducing staff turnover, surveying patient satisfaction, and improving practice financials. The answers to these and other practice management issues are in this book. From the Medical Group Management Association s Information Center comes more than 100 questions that MGMA members have been asking year after year. The most Frequently Asked Questions were compiled, researched and answered, and the experts in the MGMA Health Care Consulting Group carefully read each one for content, validity, and accuracy. 2007, 286 pp. ISBN-10: 1-56829-280-5; ISBN-13: 978-1-56829-280-9, 2007.
Product Description
Learn how you can get the financing you need and build long-term lender relationships
Customer Reviews:
Very good for a beginner........2000-06-08
This book was the first book I read about the stock market and I found it an easy read and it opened up my mind for the stock market. Acctually it gave me a different view. Much more relaxed view if you like. At the same time I found the author repeting himself too often. You will need further reading but this book is a good beginner and it also plays a role as a guide for further reading.
Educational Scholarship.......2000-04-13
There is a saying amongst traders that the best way to learn is to lose money. That money lost is often referred to as "tuition." This book has helped me stop paying "tuition" to the market. The advice in this book is timeless.
101 Investment Lessons from the Wizards of Wall Street.......2000-04-12
The book is excellent! There are many books written on the topic of buying stocks. However, it is difficult to find a book on how to sell stocks. In addition to buying stocks, Michael Sincere's book provides several strategies on how to sell stocks. Michael Sincere recognizes that selling stocks is equally important as buying stocks.
Awesome.......2000-04-08
The book is written in an easy to read interview format. Sincere delves into the minds of some of the brightest and best on Wall Street.
This belongs on every investor's shelf.
Eagerly awaiting the next book.......2000-04-04
This is a wonderful book. I refer to this book at least once a month. If you want to learn about the market, this is a great start.
Im looking forward to his next book. The Long Term Daytrader
Book Description
Millions of Americans who previously sat on the sidelines while others made fortunes now want to profit from the stock market. Investing 101 helps readers take their first steps into investing, even if they've been uncertain how to go about it before. This is the book that gives the novice investor the knowledge base and confidence to invest wisely.
Kathy Kristof takes the guesswork out of investing by giving straightforward information on setting goals, getting organized, accumulating capital, and achieving financial security. Kristof is well known for her savvy "Your Money" column on personal finance for the Los Angeles Times that is nationally syndicated to 40 million readers. Kristof outlines the entire investment process -- minimizing anxiety by providing practical strategies for financial success with accompanying easy-to-use work-sheets and questionnaires. Every aspect of the investment cycle is covered, from allocation of assets based on financial goals to diversification aimed at reducing risk.
Investing 101 includes vital information for all investors, from getting valued financial information over the Internet to keeping excellent records, from investing in mutual funds to selecting international stocks. With practical information on managing finance and planning for the future, Investing 101 motivates readers to set goals, seize opportunities, and invest with confidence.
Customer Reviews:
Love this book.......2007-08-24
I love this book. It is excellent for beginners and easy to read. I suggest this book to anyone who wants to learn about investing - its title tells it all. Also, it talks about some basic investment strategies & how to read/interpret a stock analysis , prospectus, etc.
excellent introductory investment book.......2003-11-08
This book does such a wonderful job introducing the beginners to the investing world. Different types of securities, different ways of investing ... this book has them all. If you just start investing or are interested in investing, this book is for you, don't miss out such a good book !
Excellent Book for a Beginner.......2002-08-19
Covers everything a beginner needs to know and filled in a couple gaps in my personal knowledge as well. Sorts investment options into categories (short-term, long-term, growth, income, speculative, etc.) and helps you figure out which is appropriate for you. Has a section that breaks down common goals and the appropriate investment for each. Writing style is very easy to read. Highly recommended.
Good Basic Investing Information.......2002-01-01
As the title would suggest, this is very basic investing information. If you are a new investor, and seek a very broad overview of investing, and your options, then this is the book for you. I bought this book for my mother, who has never invested outside of a savings account. I read the book to be sure it would give her the information I was hoping for. It was exactly what I wanted, written in easy to follow terminology. If you're an experienced investor, this book is not for you, however if you're seeking basic investing information, give it a read.
Packed With Knowledge!.......2001-03-10
Investment greenhorns: Read this book - Now! Can we be any clearer? Kathy Kristof has written the ideal manual for anyone mystified by the world of finance. Her clear, fact-filled book completely dispenses with the condescending tone and soothing jabber of most books in the how-to-invest genre. In their place, Kristof has compiled an enlightening compendium of elementary investment wisdom, lucid explanations of financial terms and instruments, and educational walk-thrus of stock-valuation techniques. Simply put: If you are not investing, you must read this book. Whether it's fear, ignorance or inertia that's keeping you out of the markets, Investing 101 will inspire you to put your money to work by revealing, in easy-to-understand language, exactly how it all really works. We at getAbstract recommend this book as required reading for any beginner investors, or to anyone who feels intimidated by a lack of financial knowledge.
Book Description
A resource for integrating faith and finances, Faithful Finances 101 is a first-person narrative by an outspoken advocate of faith-based investing. Financial counselor Gary Moore strips the veneer from evangelical views of the illusions that dominated much of the economic scenes of the last two decades and offers, with "hopeful realism," a guide to true riches based on a biblical worldview.
Moore moves from frank observations on religious pride to a discussion of making money but losing faith. He sees faith as integral to each and every aspect of investing. Using the financial teachings of the Judeo-Christian Scriptures, he shows people how to take sound but fragmented ideas about modern political, economic, and theological reality and mold them into a coherent whole. He cites people he respects, including Henri Nouwen, Chuck Colson, Sir John Templeton, and Robert Schuller.
Differentiating between having a Christian financial planner and having a Christian financial plan, Moore explains that spiritual investing connects the soul of theology, the mind of economics, and the heart of politics, freeing the spirit for "balanced riches" that benefit not only individuals but the world.
He explores the Scriptures, pointing out guidance offered by the patriarchs and prophets, as well as the financial challenges of the gospels. With this Biblical foundation, he then presents a vision for true wealth n the Third Millennium.
Faithful Finances features a forward by Sir John Templeton.
Customer Reviews:
A sound Christian perspective on investing.......2003-12-06
It was a real treat to find Faithful Finances 101 recently.
I was a Baptist pastor for 17 years and am now an Investment Representative with Edward Jones. It is difficult to find responsible, wholistic, and positive investment advice from a Christian perspective.
I appreciate the clear and precise critique of popular economic and investment perspectives prevalent among many Christians today. It was especially helpful that Moore was willing to name those with whom he disagrees. Unfortunately, there is often no other way to encapsulate a differing viewpoint than to name the teacher of that viewpoint (for example, Larry Burkett). I know this can be perceived negatively, but it seems to me that when a person is so distinctly identified with a particular point of view, the use of the name speaks much more to the teaching than the person. The critique was far from personal and dealt constructively with ideas that are often presented as the "Christian" point of view.
I suspect Moore has received some criticism for his differing viewpoint and the method he used. Hopefully, his approach will be seen as a constructive and challenging voice in what it means to live as a responsible Christian steward. I certainly saw it as helpful. It is troubling that these days thoughtful debate is often taboo. Perhaps we will come to a place in the future where differing voices are seen as different facets of the diamond rather than heretical thoughts.
For some reason, so many people forget how consistently wrong some of these negative Christians perspectives have been through the years. I suppose anything could happen in the future--as the old saying goes, "even a broken clock is right twice a day." But there is biblical wisdom that speaks to a different reality consistent with the investment market--one that is full of long term hope and possibility. The chapter on the 'Creativity of the Patriarchs' sent my mind thinking of the multitude of biblical examples concerning the responsible creation of wealth and stewardship in the world. Abraham diversified. Jeremiah bought on the worst day of the market. Solomon expanded boundaries. Nehemiah built an incredible organization and navigated challenging circumstances through creative leadership. Paul was an entrepreneurial businessman while doing ministry. Jesus taught that responsible investing is tantamount to kingdom living, and showed that self giving is the ultimate investment. There are many more but time does not permit.
We live in an incredibly challenging environment to live as responsible stewards in the world. There seems to be an exceedingly thin slice somewhere between negative Christian voices and a hostile, unethical world where Moore's wholistic Christian voice for responsible stewardship can navigate.
Thought provoking ideas on finances.......2003-11-21
I have read many books on finances that you would find on the shelves of Christian bookstores. Some are biblical and give good advice. Many feed greed and fear motives and do little to help people integrate financial concepts into their daily lives. Gary's book does an excellent job at two things:
1. Accurately describing a biblical worldview of money. As he so often points out in this book, Christians have been told to give 10% to their local church. But few have been trained how to be a good steward of all the money, talent, time and health that God blesses us with.
2. Challenging conventional ideas in the "Christian" media that feed on fears- Y2K for example- or greeds- the give/ to get mentality that many unbiblical ministers promote. Gary does a terrific job of presenting a balanced and passionate way to live and think about money that is honoring to Christ.
I consider it sad when many in the church recommend books such as Rich Dad/ Poor Dad- a worldview that is not even remotely biblical. I would love to see every concerned Christian read, meditate on, and implement the ideas that Gary presents in this book. Every disciple of Christ that is interested in growing in the understanding of stewardship should buy and read this book.
Ashley Hodge, CFP
Dallas, Texas
Discover the Too-Often Hidden Dimensions of Real Wealth.......2003-06-28
Thinking evangelical Christians should find this book helpful. So would any other thinking person. Gary Moore brings his personal experiences, profound wisdom, and deep spirituality together to strip away the smoke and mirrors that all too often confuse people both spiritually and financially. He never promises riches. He does provide a firm, spiritually-oriented foundation that should help most people do very constructive things for others and themselves with their financial resources.
Some of what he has to say is the insight he has gained as a financial advisor and student of theology. Some is time-honored common sense. Sadly, as he reveals, too often religious and other leaders have advocated other paths, and the results may have been painful for those who took their advice.
Virtually anyone, from the wealthiest to those with very modest incomes, can find something in this volume which will be helpful and not difficult to follow. Moore empowers by giving the reader possibilities into what he or she may personally do to be a responsible steward, and his approaches literally work around the world. If you want to strengthen or renew your hope in your faith, yourself, and your world then "Faithful Finances 101" is an excellent place to start.
Books:
- MP Principles of Auditing and Other Assurance Services with Updated Chapters 5, 6 & 7
- Multiple Streams of Income
- National Electrical Code 2002 Handbook (National Fire Protection Association//National Electrical Code Handbook)
- Objects First With Java: A Practical Introduction Using BlueJ (3rd Edition)
- Oracle High-Performance SQL Tuning
- PC Annoyances, Second Edition
- Perl by Example (3rd Edition)
- Prince of Persia(R): Warrior Within Official Strategy Guide (Official Strategy Guides (Bradygames))
- Principles of Financial Engineering (Academic Press Advanced Finance)
- Programming Applications for Microsoft Office Outlook 2007
Books Index
Books Home
Recommended Books
- Business and Its Environment
- The Mortarmen
- Planned Giving Simplified: The Gift, The Giver, and the Gift Planner
- Semi-Slav
- Structure and Change in Economic History
- The Mercury Visions of Louis Daguerre: A Novel
- The Frontier Years of Abe Lincoln: In the Words of His Friends and Family
- Wiley GAAP for Governments 2000: Interpretation and Application of Generally Accepted Accounting Pri
- Overcoming Stagnation in Aid-Dependent Countries: Politics, Policies and Incentives for Poor Countri
- The Empress of India: A Professor Moriarty Novel
Missed Fortune: Dispel the Money Myth-Conceptions--Isn't It Time You Became Wealthy?
Ordinary People, Extraordinary Wealth: The 8 Secrets of How 5,000 Ordinary Americans Became Successful Investors--and How You Can Too
Stop Sitting on Your Assets: How to Safely Leverage the Equity Trapped in Your Home and Transform It Into a Constant Flow of Wealth and Security
The Last Chance Millionaire: It's Not Too Late to Become Wealthy
New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today's Insurance Products
