Investing For Dummies, 4th Edition Revised and updated to keep up with the rapidly changing world of investing, Investing For Dummies, Fourth Edition is back and more informative than ever. A Wall Street Journal bestseller, this friendly guide has helped tens of thousands of Americans get into stock investing without risking their shirts. This trustworthy, no-nonsense guide shows readers how to be their own investment expert even in a down market and helps them get the most from retirement accounts such as 401(k)s and IRAs. Readers will learn how to spot good and bad investments, how to tell hype from real information, how to maximize investment for college or other family expenses, and how to diversify their portfolio. Addressing the questions and concerns of both new and seasoned investors in a positive, straightforward manner, Eric Tyson offers the basic advice novices need and the expert analysis experienced investors rely on. Plus, expanded information on a number of topics is included, such as how to recognize good and bad investing environments; tips on evaluating individual securities; advice on port-folio risk allocation; new investment products on the market; and the evolution of the Internet as an investment tool. As always, the Fourth Edition updates all the new tax laws and regulations that affect investing, and keeps up with the latest in technology and online trading. Investing For Dummies, Fourth Edition offers tried-and-true advice that every investor can use. Eric Tyson, MBA, is the author or coauthor of three bestselling personal finance books, including Personal Finance For Dummies (0-7645-2590-5), Mutual Funds For Dummies (0-7645-7191-5), and Home Buying For Dummies (0-7645-5331-3) with Ray Brown. He is a nationally recognized personal finance counselor, writer, and lecturer who has been widely featured in such media outlets as Newsweek, the Wall Street Journal, Forbes, ABC, CNBC, Bloomberg Business Radio, and NPR’s Sound Money, among many others.
Customer Review: 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.