The Motley Fool's Investing Without a Silver Spoon: How Anyone Can Build Wealth Through Direct Investing

Jeff Fischer

ISBN 10: 189254704X / ISBN 13: 9781892547040

Published by Motley Fool, 1999

Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G189254704XI3N00

Synopsis:

Shows how to avoid brokerage fees by buying stock directly from companies

Review: Dispelling the myth that it takes big money to make big money, Motley Fool writer Jeff Fischer champions direct investing, showing how individual investors can build substantial wealth with relatively small outlays of cash. Starting with as little as $50 investors can purchase stock directly from companies, thereby avoiding middleman charges incurred by using a broker. Fischer then explains how money compounds so that even small monthly investments can become significant nest eggs. In a section titled "How Do I Become a Millionaire?" he lists several ways to do so: "Begin with $500, save $1,200 annually, or $100 a month, and earn 15% per year. In 33 years, you'll have over $1 million". Or "Begin broke, save $2,400 a year, or $200 monthly, earn the stock market's historic 11% annual return, and in 36 years you'll have more than one million clams". Fischer presents basic investing principles here--a little over time becomes a lot--but in usual Fool fashion he does so in a lighthearted, easy-to-understand fashion. The bulk of the book (300- plus pages), however, offers listings for more than 1,000 direct investment plans, including company contact information, investing schedules, minimum and maximum investment amounts and miscellaneous selling info (Roslyn Bancorp, Inc.: "Sells within 10 bus. days, by mail, at avg. price, for $10 + comm."). A good resource for investors without much capital. --Rob McDonald, Amazon.com

Bibliographic Details

Title: The Motley Fool's Investing Without a Silver...
Publisher: Motley Fool
Publication Date: 1999
Binding: Paperback
Condition: Good
Dust Jacket Condition: No Jacket