Updated to help readers cope with the unusual number of uncertainties that characterize today’s financial markets, this book is a financial primer that will be of special value to first-time investors, but also enlightening to everybody who currently has a personal investment portfolio. The author provides sound fundamental information in clear language that non-experts can understand. Separate chapters give practical advice on how to select a broker and open a brokerage account, and describe how the stock market operates. Readers learn how to cut through the jargon that fills annual reports and other financial statements. They will find clear explanations of mutual funds, stock options, an investor’s legal rights, the tax consequences of investing, market analysis, technical analysis, and much more. Here is information that every potential investor should have before opening an account.
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The Secret to Successful Investing: Know What You Are Doing
For most people the difficulty of learning about the stockmarket is having to learn the peculiar language of investing. In this book whenever a new term is introduced, it is italicized and the definition set in boldface. This focuses the reader's attention on key terms and makes for easy review.
Cartoon illustrations give the book a "user friendly" appearance. They punctuate a point from each chapter with a touch of humor.
Although the book is an introductory text, it is not lightweight in content. With two decades of experience as an investment advisor and educator, I have developed a very readable style for clarifying some of the confusing areas of investing. The explanations on how supply and demand affect market prices, how to read financial statements, how to trade stock options, and others are more understandable than those of most other books.
The book also includes a thorough glossary and an index. The glossary not ony defines terms, but often includes comments explaining why investors should understand them.
If you are a mutual fund investor who is trying to understand what your fund's managers are doing with your money, this book is a good place to start. If you have read some of the get-rich-quick books, but you still aren't rich, this book sheds light on why not. It will tell you what you need to know before you invest.
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