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INVESTING BOOKS
Posted in Investing (Thursday, July 24, 2008)
Written by Robert T. Kiyosaki. By Business Plus.
The regular list price is $16.99.
Sells new for $9.88.
There are some available for $9.27.
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5 comments about Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money (Rich Dad's).
- I'm always satisfied with Kiyosaki's books. It's important to increase your financial IQ, you will learn a whole of basic and complex concepts, which are all strategical in your financial life, and shortly, you need to live in this turbulent time. Once you start the process, you will never quit.
- Increase Your financial IQ was pretty good, overall.
There is a ton of info that could have been added.
I have listened to the CDs several times and you will too.
In this book, Robert Kiyosaki talks about(among other things) his experience in business, work, and investments. Mr. Kiyosaki's experiences provide good pointers for new "escape the rat race" people.
Sure, if you have read Kiyosaki's other books, this one will not be as hard hitting, but I liked it.
Kiyosaki outdid himself with Rich Dad, Poor Dad, but Kiyosaki's fans will enjoy this book. If not, amazon has a good return policy for all the excessively critical, nit picky dunces out there. :D
- This one is worth sharing with EVERYONE! I am leading a group through this teaching. Every parent should be teaching the techniques to their children. This could be the REAL GREENING OF AMERICA.
- I read this book last Saturday at the bookstore. It took me about 2.5 hours to knock it out. Honestly, much of it is just RDPD stuff repeated with some Rich Dad's Guide To Investing thrown on top for flavor.
Still, it's necessary to go back to the basics one and a while. Robert has always been a good story teller. You'll get the same stories out of this book but with more details.
Robert also covers a little current events for us in relation to the weakness of the dollar and the price of oil. I have to honestly say I would probably never understand the economics of it all unless Robert was there to dumb it down for me a bit.
A reviewer made a comment about how Robert will write a book to pay for a liabilty...O.K. What's wrong with that? Developing an asset is what his business is about. I think people just get mad when he divulges parts of his operation they'd rather not know about.
If you're looking for some meat and potatoes on how to actually make money in real estate though...check out David Lindahl's books.
- I've read many books from Kiyosaki and I never get bored. It's amzing how he explains the matters of money, and how easy it sounds. I'm looking forward for his next book.
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Posted in Investing (Thursday, July 24, 2008)
Written by David Bach. By Broadway.
The regular list price is $14.95.
Sells new for $5.98.
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5 comments about Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams (Revised Edition).
- Love all his books - bought this, gave it someone and had to buy it again. It all depends what level you are on. Not too much non-common sense, but good for women to read.
- You don't have to be a rocket scientist to become wealthy and this book details how easy it can be. If you're looking for glitz and glamour and "get rich quick" this isn't it. There's no such thing as an overnight success. Read David's book and get going on the road to wealth.
- Smart Women Finish Rich is a bit different from other financial books I've read. I have to admit I was surprised with how well David Bach addressed both the emotional and intellectual relationship women have with money. His grandmother taught him well.
I am going to say that Smart Women Finish Rich is more for a financial beginner than a woman with financial savvy. It's a well thought out system of gaining and keeping control of your financial self-sufficiency. Bach has filled this book with definitions, resources, quizzes, systems, exercises and tables. I was impressed and give it a must read if you're serious about becoming more financially organized.
David Bach addresses both the heart and the head in Smart Women Finish Rich. He used the lessons he learned from his grandmother, and his mother, as inspiration. After growing up with two such powerful role models, he was surprised by the number of financially uniformed women. Many of the women who came to him for financial advice, had no clue about building financial security.
Smart Women Finish Rich is easy to understand. I read it and "got it." This is a "how to" book that involves a commitment on your part to read, work and put the assignments and lessons into daily practice. Bach has carefully given us valuable financial keys, now it's up to us to follow through.
What you'll get out of this book is going to depend on what you're willing to put into it. It's a book that has the potential to give you a great foundation for financial self-sufficiency.
Here are some of the areas I found particularly useful:
1.The first exercise, "Financial Knowledge Quiz" is a great practical place to start. I found it to be thoughtful and quite an eye-opener. I learned about how well (and sometimes not so well) I understood the role money played in my life.
2. David Bach is adamant about pinpointing the reason money is important to you. To find this out, you'll need to examine your money values and ask yourself if your financial behavior matches those values. He provides a simple but thoughtful exercise called the "Values Ladder."
3. Smart Women Finish Rich is a great blend of exercises, systems, quizzes and practical "real world" information. For example, the "Finish Rich File Folder System" is a simple, easy-to-follow and yet an organizational time saver.
I definitely give Smart Women Finish Rich five stars! If you're ready and serious about getting your financial house and monetary priorities in order, this is the book for you!
- I bought this book because I heard so many positive things about it. I am in my 50's, five years ago I went from having the wonderful life that all women dream of. I had the beautiful home in the suburbs, 2 beautiful children, friends, you name it I had it. Then I lost it all in the blink of an eye. I had relied on my husband to handle all the finances I couldn't tell you the balance in the check book. All I knew was he made the money and I spent it. Thank the Lord I was a RN, but I hadn't worked in quite a few years. I am not going to go into detail what happened but when I said I had nothing but the clothes on my back I mean just that. I have been working two jobs for the past five years making good money but I have NOTHING to show for it. By reading Suze book I was able to identify myself, it is so easy to understand that someone like myself with NO understanding of finance can take her suggestions and work them into my present life. It is going to take discipline on my part and learning to say NO to my children is going to be the hardest. But, I need to take care of myself. This book was just what I needed to read. I highlighted areas, I keep going back and re-reading certain sections. I keep it next to my bed. Buying this book was one of the best things I have done for myself.
- I think all women should read this book and share it with others (family and children). Not only does Mr. Bach discuss how saving a little here and there can help with retirement, but he also gives women inspiration to live out (and especially to finance) their dreams. A wonderful book.
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Posted in Investing (Thursday, July 24, 2008)
Written by Paul Mladjenovic. By For Dummies.
The regular list price is $21.99.
Sells new for $11.77.
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5 comments about Stock Investing For Dummies (For Dummies (Business & Personal Finance)).
- for somebody that doesnt knew anything about stocks, it was very good.Very simple, not exoteric and strange.It goes to the basics.I check the basics every once in a while, and I got the results: I am doing VERY good investing.Now I can ju8mp to some more complicated things.But I still go to the basics.Good book!
- When trading trends you must know that there is an inevitable end to the trend or a time when the trend simply dies. You should be prepared to make a decision.
We find using a leading indicator for the exit from a trend is difficult at best. Even though you will no doubt give up some of the profits at the end of the trade, using a lagging indicator like the MACD can keep you in a trade without getting wiggled out too early. Personally, if you want to
exit early, you can just exit when the MACD begins its turn at the top.
For your no cost audio on Creating Wealth and a two week free trial
to our newsletter, just send your request to lpotter@bankmpi.com
Then visit our blog at: http://stock-trading-tips-short-term.blogspot.com
- The worst part of "Stock Investing for Dummies" is that it refers to previous sections far too often (note: you can refer to the first part of this sentence for something incredibly annoying). It's obvious the writer didn't intend for the book to be read cover-to-cover, but when you're 5 pages into a chapter and it refers you to earlier in the same chapter, it's serious overkill.
Browsing through popular stock sites such as Google/Yahoo Finance, you wind up with an alphabet soup of financial terms and ratios, such as EPS, ROA, and P/E. I was really hoping this guide would dumb-down the incredible amount of jargon, but I actually feel more confused having read this material.
This book did have one huge benefit to me: it convinced me to do a Balance Sheet and an Income Sheet for my own personal finances (after explaining what they actually were). It is so eye opening to have your expenses laid out that clear, and shows how a company is really responsible for doing the same thing, just on a larger scale.
- This book is just what I needed. I started to be interested about the stock market but was totally clueless what it's all about. While I dont like the title,the truth of the matter is I'm a real dummy on this topic. The book really helped a lot. It explained things in a very simple manner. It really gave me the basics of what I need to know. The only thing that I want to add... Can we please pick a better title? LOL
- Like it says, it's stock investing for dummies. Not only will you get explanations for key terms that you will encounter, you also will be taught how to look at numbers on a balance sheet, and decode what story the balance sheet is telling you. The way this book is written is very novice-friendly, you won't have to worry about being lost or not being able to understand some words. I can see how the more "advanced" investors might flip through the pages going "I already know that...." But like the title says, It's for dummies. If you know nothing about investing and want to know more, this is a great start. However, If you want to take it to the next level, I recommend a successful mentor.
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Posted in Investing (Thursday, July 24, 2008)
Written by John J. Murphy. By Prentice Hall Press.
The regular list price is $85.00.
Sells new for $47.66.
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5 comments about Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance).
- After reading a number of books on the subject, the presentation of information in this book appears to be the most comprehensive and well explained. This is the one technical analysis 'encyclopedia' to refer to. (One negative comment - I'll have to agree with another reviewer that the creaky binding does not suit the high quality of the book's contents.)
With both Burton Malkiel's A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition and John J. Murphy's Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance), I figure I've got a good balance in my reading 'portfolio'. These are two excellent books from each side of the investing coin.
- good book, clear and thorough, amazon did a good job with the delivery too, it was sent earlier than the expected delivery date, and that is to Kuala Lumpur, MY
- A must read. Technical Analysis is the heart and sole of my trading style, it doesn't always work but it sure works enough of the time to make very profitable trades. If you trade on T/A, this book is a must.
David Colletti
Founder
StockTradersHQ.com
- The Good: May be worth something for a beginner who wants to know what Technical Analysis is about.
The Bad: No in depth view of anything.
My Advice: Go to the library before buying. In one or two hours you would have read all (if anything) that is worth in this self called "Bible". No need to buy.
- It is a text book, not a trader's manual. On the upside it provides excellent coverage of charts, trends, reversal patterns, continuation patterns and moving averages. It's chapter on Candlesticks is a small gem of information. The coverage of indicators was skimpy, but this gap can be filled with good internet sources.
On the downside, it was often unclear as to whether his writing applied to individual stocks or to stock markets only. The chapter on point and figure was incomprehensible. Money management was skimpy - again go to the Net.
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Posted in Investing (Thursday, July 24, 2008)
Written by David F. Swensen. By Free Press.
The regular list price is $30.00.
Sells new for $7.67.
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5 comments about Unconventional Success: A Fundamental Approach to Personal Investment.
- While this is an excellent book, I knocked off a star for one main reason: I believe it to be a little too advanced to be called "fundamental."
This is the perfect book for a person with two critical attributes:
1) You have already read Burton Malkiel's "A Random Walk Down Wall Street"
2) You are looking to go beyond a employer-sponsored defined contribution plan and would like some help determining who gets your money.
I say read Malkiel first because having an understanding of the Efficient Market Hypothesis will help you get a lot more out of reading this book. While Swensen presents an excellent work, it is a bit dry and academic. If, however, you can commit to reading it carefully, I am confident you will be a better money manager for it.
Since an individual employee has little control over the firm chosen to administer the company 401(k), I believe this book to be less helpful than "A Random Walk" if you are simply seeking guidance for selecting investments in a defined plan. If, however, you are about to open your own IRA or a standard, taxable account, this book will serve as an invaluable guide.
Stick with it, and happy investing!
- Unconventional Success: A Fundamental Approach to Personal Investment This book is a must-read for anyone who is planning to do their own investing whether in a 401k, IRA or taxable account. It gives you a simple but sophisticated approach to allocating your investments among equities (U.S. and foreign), U.S. Treasuries (regular and inflation-protected) and real estate. He shows you how to invest in index mutual funds without paying exorbitant (and unnecessary) investment advisory & management fees. He gives a blisteringly negative review of the mutual fund industry which, based on credible, academic research has failed to beat the market after taking into account the fees charged. The author's "creds" are impeccable as a star investor of one of the largest endowment funds in the U.S. I believe this book is essential reading for any investor.
- Unconventional Success is well written with logical explantions, good examples and practical advice. The book goes step-by-step through a discussion of recommended types of investments and popular investments that are not receommended, active vs passive investments and market timing. I recommend it for anyone who is interested in investing. It is one of the best investment books I have read.
- Swensen's text is well developed and demonstrates a reasonable and rational approach to investing. Though not a text for the novice, I found it accessible to the average reader, as I gained familiarity with the language of investing, and intend to follow his advice.
- Swensen provides a excellent analysis of different asset classes and the roles they play (or fail to play) in diversifying portfolios. For example, he clarifies the different diversifying roles of conventional Treasury bonds and TIPS, and explains why corporate, municipal and foreign bonds cannot be substituted. He also demonstrates the advantages of periodic portfolio rebalancing for the disciplined investor.
In what almost amounts to a book within a book, Swensen forcefully chronicles the failure of the mutual fund industry and its regulators to serve the interests of individual investors. This discussion is a must-read for anyone concerned about the implications of the shift towards investor managed defined contribution pension plans as the primary vehicle for retirement savings.
Swensen has not written a practical how-to guide to personal investing or asset allocation; rather, he argues for an approach to personal investing built around core principles. Intellectually-oriented investors will be well served by this book as preparation for developing a personalized investment program.
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Posted in Investing (Thursday, July 24, 2008)
Written by Robert T. Kiyosaki and Sharon L. Lechter. By Time Warner Books.
The regular list price is $19.95.
Sells new for $7.50.
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5 comments about Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!.
- Now these guys are awesome! I am in another country. I pointed, clicked, and had the item in less than 72 hours.
- It continues on some of the topics from his first book(Rich Dad Poor Dad- a five star book) but kind of leaves you feeling inspired but needing more information. The ratios given in the book are a few of the many that are taught to finance students but in using them care needs to be taken. Companies have manipulated the financial statements used in these formulas before to get the wanted outcome. Its a good book but feels drawn out, like it could have been condensed a bit. I would buy again for the price its going for.
- Every time I pick up a Rich Dad, Poor Dad book I get so excited about all the unique and life changing information that it is sure to hold for me. Then I start trying to read it. . .
I truly believe that Kiyosaki means well but he is such a terrible, awful, wretched, and inept writer that I am forced over and over again to labor into finding what he is actually trying to communicate. He writes in endless circles, teasing you with a juicy bit of information and then taking a hairpin turn back into meaningless restatements of his personal life and literary procrastinations. I scream, "What are you even trying to say and when will you give me something that I can use!!!"
And there we have the real issue. This book leaves me full of tidbits that I have no idea how to incorporate into my life. How can I possibly suss out a functional process of investing from this dizzying maze of high school writing skills and meaningless anecdotes?
- Must read if you are interested in investing in any area. Stocks, RE, Futures, whatever. Very informative in the normal Rich Dad way. I think this is third in the series and one of the most important!
- Excellent book for starters on the way to financial freedom or people who would prefer to be inspired by common sense approach intellect that provides a base to slingshot their financial freedom and start getting out of the rat race
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Posted in Investing (Thursday, July 24, 2008)
Written by Dwan Bent-Twyford and Sharon Restrepo. By Wiley.
The regular list price is $24.95.
Sells new for $13.87.
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5 comments about Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts.
- The book does a "decent" job discussing the "big picture" of short sales to someone that has little knowledge of the subject. However, someone looking for an investment strategy in short sales with exact steps layed out to follow and duplicate would be disappointed in this read. A lot is left for the reader to figure out on their own. For example, with respect to marketing for potential sellers, the idea of mailing postcards is discussed, which is good, however, there is little instruction/advice on how to put together an effective mailing list or what the postcard should even say. Also, there is little "real life" information regarding the exit strategies of short sales. The book discusses using an "assignment" as an exit strategy, however, most if not all lenders will not approve purchase contracts that have an assignable clause included. Therefore, this exit strategy is not effective. The book briefly discusses "subject to" transactions and fails to mention that when taking title to property "subject to" an existing mortgage staying in place, this is a direct violation of the "due on sale" clause, in which the original lender now has the right to call the loan due in full. In my opinion, this is another example of how the book lacks certain information that a reader should be told.
- Somewhat disapointed in that the book promises downloadable forms, that can be customized.
I have tried to use these forms, maybe someone else knows more?
I have e mailed the IEU, and the Webmaster, and get no responce.
Most of the links on their site also do not function if they apply to contacting the company.
Gentle Ben
- I did one of their short sale classes and was not happy. To cut a long story short, there is a court order out there in Gwinnett County, Georgia that Millionaire Mindset (Dwan Bent-Twyford and Sharon Restrepo run the company) pay back several thousand dollars as a refund for the course. They are ignoring the court order and leaving it unpaid. I don't recommend buying books from unethical people like this. Get your training from a local non-profit real estate investors association instead.
- I love this book and the fact that Dwan and Sharon were so kind to include forms that I could download and uses in my business. More bang for my buck. I have their Short Sale and Wholesale programs and closed my first real estate deal using their system. Simply put, IT WORKS!!! I've seen many other programs and none of them come close to explaining the "how to's" in a step by step manner as they do. I highly recommend their books and programs.
- Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts
When I first met Dwan 3 things came to mind about her: She is Strong, knows what she needs to do and she is very Humble. The same goes for when I met Sharon. What they teach is what is best first and foremost for the homeowner. Yes, you may be investing for a living, but if you place the homeowner first before the dollar sign you will be blessed for it. Upon purchasing their book we received a free live class and so much more. The book is easy to read and straight forward.I believe all the knowledge put in this book will help me continue to go forward and achieve my goals. Thanks Dwan & Sharon for taking your time to write this book for us.
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Posted in Investing (Thursday, July 24, 2008)
Written by Stephen Leeb and Glen Strathy. By Business Plus.
The regular list price is $16.99.
Sells new for $5.99.
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5 comments about The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel.
- If you accept Mr Leeb's apocalyptic Peak Oil scenario and the possibly imminent "collapse of civilization," then the investment advice he offers seems oxymoronic. All the money in the world won't save you when the barbarians are at the gates. (Well, unless maybe you had the foresight and wherewithal to buy a big spread in Paraguay.)
However, not to despair. Mr Leeb's argument is predicated on several faulty assumptions:
1) That oil production has peaked and therefore cannot keep pace with growing demand from developing nations.
2) That America can't survive a severe energy shortage.
3) That gold is an excellent defense against hyperinflation.
4) That $100/barrel oil will result in $10/gallon gasoline.
Obviously, the last assumption has already proven incorrect.
As to supply, oil has always been a commodity managed by the world's most powerful cartels. Production has been suppressed through both sins of commission (read, regime change) and sins of omission (obstructing development of major oil fields). There is no reason to suppose the present situation is any different from past "energy crises": here's a symptom of artificiality --- the price of oil has risen 900% since its most recent low in 1999, yet demand has only risen about 12%. Clearly there is a disconnect between demand and price.
The theory that available oil is limited to shrinking, finite pools of rendered dinosaur fat may well prove a myth fostered by oil producers to "explain" curtailed supply. Consider the possibility that petroleum --- formed as in the lab from hydrogen and methane under high pressure --- leaks out of the Earth, pushed by centrifugal force along crustal fissures? Is it merely coincidental that oil fields invariably flank major fault lines and fracture zones? How else to explain the self-replenishing field recently discovered in the Gulf of Mexico? It is quite possible that supply may prove to be far more abundant than Exxon would have you believe.
On the demand side, Mr Leeb posits inexorable growth -- yet it's easy to see how demand in the world's largest consuming economy, the US, could be reduced significantly, without hardship, if gasoline prices rose to "catastrophic" levels. There's no reason (except our customary extravagance) why US fleet economy couldn't be doubled, simply by our choosing to reduce the weight of our vehicles by a ton or two while decreasing the size of our engines by a couple of liters. No one really needs a 5000-pound SUV that does 0-60 in 7 seconds. Americans are supremely adaptable, if the price is right. One can even envision a future when privately owned, hybrid cars run on a network of rails; the combination of reduced friction, use of electricity while on the "net," and elimination of stop-and-go driving would result in massive fuel savings. For the present, ending our Middle Eastern military adventures would lead to lower energy prices as political tensions fell, along with Pentagon consumption. (The Air Force alone accounts for more than half the federal government's total energy use.)
Gold is deflationary, which is why it's a dangerous investment. Mr Leeb is correct in noting that inflation serves the gov't interest by reducing the true cost of debt. Plus, capitalism doesn't work when prices fall. Deflation must therefore be prevented at all costs, even to the point of hyperinflation if necessary. If there is widespread ownership of gold in response to high inflation, you can bet "jackbooted thugs" will be at the door to confiscate your bullion, just as in the 1930s. "Windfall" profits taxes will be enacted to stop speculation in precious metals instruments.
My investment advice? Put some of your money into the candidacies of those rare politicians who reject the conventional wisdom. The answer to America's energy dilemma lies in the political arena. We must somehow end the oil producers' control over Washington policymakers, freeing Americans to do what they do best: respond creatively and rationally to solve a very solvable problem.
- but the book does contain information that is provocative and worth consideration.
The writing can best be described as "lazy." If I were reviewing just on the merits of the writing, this book would get 1 star. There is no excuse for anyone to put a literary product on the market that is as shabbily written as this one is.
For starters, Dr. Leeb switches voice four times throughout the book. He starts out with "I," then abruptly begins speaking as "we" on page 13, right in the middle of a chapter. Towards the end of the book, he goes back to "I," then again switches to "we."
The author has a penchant for revising history to fit his theories. For example, he portrays the 70's as just one economic step above the Great Depression, and even goes so far as to blame the homelessness of the 80's on the previous decade's financial turmoil (p 105).
Other examples:
The Iran-Iraq War ended in the "early 80's" (p. 84)
The Great Depression ended in 1944 (p. 110)
And listen to this one: "If the bursting of the tech bubble in 2000 was a rain shower, then a bust of the housing boom today (written in 2006) would be a Category 5 hurricane. But that is exactly why we do not think it will happen." (p 179)
Nevertheless, Dr. Leeb puts forth some provacative concepts that are worthy of consideration, including the role of China and India (Chindia) in Peak Oil scenarios as well as "Groupthink," aka "herd mentality."
In addition, the author lays out a comprehensive investment plan that would, assumably, prosper during a protracted energy crisis. In my opinion, the investment suggestions should only be considered as a starting point for further research, rather than an iron-clad guarantee of success. The author's shoddy writing style casts a dubious shadow on all of his research and theories, and makes his investment suggestions suspect at best.
- "The Coming Economic Collapse" starts with a fairly concise review of the coming decline in availability of fossil fuels. The author, Stephen Leeb, summarizes the inevitable stresses in society that will occur when we no longer have cheap energy. This summary gives a much needed warning about how unpleasant life may become if we pursue our current fuel-guzzling ways.
After a good start, though, the rest of the book falters dramatically. The author spends countless pages giving advice about investing, as if investing will really make anything better in the big picture. He even sinks to the level of giving advice about specific stocks; advice like this is guaranteed to be out of date almost as soon as the book is published.
If you are interested in a good summary of peak oil and the coming economic crisis, the beginning of this book is quite good.
For better understanding, though, about what to do about the crisis, I would recommend the seris of books by Richard Heinberg, especially "The Oil Depletion Protocol."
- They were calling Stephen Leeb 'the $100 a barrel man' when he first predicted this phenomena a few short years ago. Now he's looking at $200 and the mainstream media oil and finance pundits are slowly catching up with him. He is one of a number of writers who are warning that we are now in for an increasingly difficult times economically and that there are ways to benefit from the downturn. He is scathing of Wall Street and associated group think and warns against the herd instinct.
Leeb gives very clear advice on where to place one's investments and these include: gold related stocks and bullion; oil service companies. He recommends 'Chindia' which is the name he gives to the fast growing markets of China and India, targeting specific multinationals which are moving into these markets with products and experience which will make them successful.
This is not just a book on finance and oil though. His frame of reference is much wider drawing, as he does, on the work of two writers who have described what happens when civilizations fall apart. This is the context is which the book is written: the work of Jared Diamond in 'Collapse' and Jo Tainter in 'The Collapse of Complex Societies'. Mr. Leeb is convinced that the worst may be about to happened to our civilization. He gives good advice on how to deal with that and with scenarios of lesser magnitude. I found it most useful.
- I read this book when it came out in hardback a few years back. It was great advice then, but I am not sure if I would recommend it now. It may be too late to take advantage of the advice, most of which has already come true.
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Posted in Investing (Thursday, July 24, 2008)
Written by Gary Paulsen. By Wendy Lamb Books.
The regular list price is $12.99.
Sells new for $7.39.
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5 comments about Lawn Boy.
- My 9 1/2 year old nephew started out enthusiastically on this book, but was soon daunted by the high falutin finances that took over. Not a book for every kid.
- I got this book because the story sounded really interesting, and it is. It's really poorly written though, which was disappointing. It could have been much better
- the end is the best part!!!!!!! 2nd best book I've ever read.#1 is dairy of a whimpy kid series. This book looks boring to us kids if you just read the name of the chapters,but read them and they are funny. The chapters look like the teach you and make you learn but they really have nothing to do with the names. They do really astonishing things with the money he earns. IN OTHER WORDS, READ THIS BOOK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
READ THIS REVEIW TOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RATE IT GOOD TOO!!!!!!!!!!!!!!!!!!!!!!!
- I was excited to order this book for my 12 year-old son as I attempt to encourage his entrepreneurial skills. I was hopeful that the book would be engaging and educational (In the back of my mind I had "The Goal" -- a novel used by many business schools to teach business concepts). This book started out strong and did introduce a few concepts in a pretty clear manner. However, I felt the ending was lacking. The conclusion was completely unrealistic and, if one of the goals of the book was to teach, the ending may have cost credibility throughout as it really missed the mark. I do give the book credit for being engaging. It is an easy read. However, the book sparked no conversation from my son--I didn't see him running out to start a business. The motivation that I had hoped for didn't come. Buy it for entertainment, not for motivation or education.
- The narrator inherits an old lawn mower and starts a lawn mowing business. Before he knows it, he's got more business than he can handle and a hippie stockbroker making investments for him. Each chapter title has something to do with an economic principle and we are taken along on the ride as the young narrator learns more than he ever wanted to learn about capitalism.
Very quick read. Cute.
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Posted in Investing (Thursday, July 24, 2008)
Written by Ken McElroy. By Business Plus.
The regular list price is $16.95.
Sells new for $5.58.
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5 comments about Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors).
- If you are serious about investing in real estate and/or making money at it, then you must read this book. Anything associated with Robert Kyosaki is worth reading.
- Rich Dad Poor Dad was great...this is not.
The title of this book is totally misrepresentative of the contents. This book is about buying huge apartment buildings all over the US. Not what I would call ABC's of real estate investing. Furthermore, if you are buying apartment buildings then you are probably too advanced for this book anyway.
The book is very basic and is easy to read. If you just want to get excited about the idea of real estate investing jump in.
If you want something to actually teach you about real estate investing grab a book like "Investing in Real Estate" by McLean and Eldred. Also check out the podcast "Get Real, Real Estate Investing for the Rest of Us".
- The book was very clear from beginning to end on how to invest in Apartment Complex's! It was step by step and logical. I would feel very comfortable using this book as my sole reference in evaluating and purchasing apartment complexes!!
- Very simple to read and understand. Practical sound writen plans for real estate investing. Do recomend this book for any one interested in learning the real life basic's in begining real estate investing as a business small to large. Realistic reading of expearance. Made very good since. A straigt forward book of good information.
- This was a thorough book. The author has real-life experience doing exactly what he writes about. He gives excellent advice on how to find the diamonds in the rough, and how to do 99% of your research BEFORE you spend a dime. I recommend this book to anyone in the industry. Fabulous!
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Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors)
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