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Title: Investing For Dummies, Fifth edition
ISBN: 0470289651
Author:
Eric Tyson
Publicate Date: 2008-09-09
Publish: 2008-09-09
List Price: $21.99
Average Customer Rating: 4.0
Format: Paperback
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Amazon Lowest New Price: $11.99
Amazon Lowest Used Price: $12.00
Amazon Merchant Price: $14.95
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| Customer Review: |
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1: Know nothing about investing? Start here.
I didn't think reading about money/investing could ever be this fun or interesting. Straight talk and clear definitions for all the finance jargon.
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2: Great!
Great book, lays it all out in terms I can understand. I started investing based on this book, and I refer to it often.
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3: Definitely "for Dummies"
I've read several "for Dummies" books, and in general the entire series is well written, concise, and gives you what you really need. However, I was very disappointed in this one. The book is really dedicated to the three methods of building wealth: equity (stocks, mutual funds, etc.), real estate, and small business. But there isn't enough info on any of the three subjects to do much with. You're better off getting a separate book on real estate if you plan on pursuing that. And nothing he says regarding small business is of much use to accomplish anything. That leaves stocks, bonds and mutual funds, which is what most users would purchase this book for. Regarding that, if you are completely new to mutual funds then this is the book for you as it will explain the basics. However, if you are beyond the very basics (i.e.; "What is a mutual fund?"), and are looking to seriously invest, then I think you'll be disappointed. And if you are looking to get into buying stocks directly, then this book seriously falls short. The entire section on stocks really just explains a canned stock report from a given company. Utterly useless unless you plan on subscribing to that service. No talk of forward PE's, valuation, etc.. Also, the author's continual insistence that you should stay in mutual funds because you "can't beat the market" since there are so many pros out there is utterly ridiculous. There are many gurus out there that have proven track records of generating higher than average returns. Just emulating Warren Buffet's portfolio will do that.
I was looking for a book to dig more into stock valuation, company analysis, etc. and this book barely even touched on any of that beyond definitions. I wouldn't even call it Finance 101, since there is very little about monetary policy, bonds, interest rates, etc.. If you've picked out at least one mutual fund in your life (or purchased a stock directly), then this book is way too simple. If you tremble at the thought of picking a mutual fund and have no financial sense whatsoever, then this is your book.
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4: Very Good Book
I wanted to start investing and read somewhere you should first do some studies. That's when I came across this book. Very well written, and in simple to understand language. I used to dread 401K, IRA, Mutual Funds, Bonds. Now I am confident I know about them and what I am investing into.
Showed new ways to look at debts, as to if I clear my debt sooner, I am investing in something which gives be interest equal to the interest I pay the bank.
I would recommend this book to all who want to get into investing but are hesitant or don't know where to get information from.
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5: Investing for Dummies
I bought this for my daughter, who is taking this a college course.
She seems to be happy with it. She asked for this book it as the instructor told her she needed it for the class. Sorry I can't give you more info but I am sure it's a good book.
Kathy in Las Vegas
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