<< 1 >>
Rating: 
Summary: Extremely Relevant Resource for Successful Investing
Review: A really thorough book, goes into detail on a lot of scenarious, and possible circumstances and when he touches and talks about the 201 subsequent rules. Sometimes, i felt like it was cut and dry and was about to put it down but it is worth to read this one all the way through, practical approach and comprehensive in content is what i really liked although the book could definitely be made a little more interesting to read through various ways, overall, not bad at all
Rating:
Summary: Making Sense Out of Diverse Market Forces
Review: Even sophisticated investors will learn a great deal from this well-organized book as to how various market/economic indices, economic trends and business developments are likely to affect financial markets. While many of the rules will be "old-hat" for some investors, the rules regarding the likely market impacts of economic developments, Federal Reserve actions and releases of government statistics and reports are outstanding and will help even knowledgable investors make sense out of the myriad of complex factors that drive stock prices in today's marketplace. I recently appled Mr. Lereah's rules to my own portfolio and avoided July's downturn in technology stocks, saving me almost $75,000. Maybe just luck, but I think not.
Rating:
Summary: Making Sense Out of Diverse Market Forces
Review: Even sophisticated investors will learn a great deal from this well-organized book as to how various market/economic indices, economic trends and business developments are likely to affect financial markets. While many of the rules will be "old-hat" for some investors, the rules regarding the likely market impacts of economic developments, Federal Reserve actions and releases of government statistics and reports are outstanding and will help even knowledgable investors make sense out of the myriad of complex factors that drive stock prices in today's marketplace. I recently appled Mr. Lereah's rules to my own portfolio and avoided July's downturn in technology stocks, saving me almost $75,000. Maybe just luck, but I think not.
Rating: 
Summary: An Economist's View of Investment Timing
Review: This book has three problems. The first is the premise that rich investors should be changing investments all the time in response to shifts in economic conditions. That is probably the way that fewer people get rich than any other. The second is that you can rely on economic information as it comes out to tell you how the economy is shifting. With revisions and changes in measurements, you usually can only confirm a shift when it is long over. The third weakness is a virtually unlimited faith in Internet related stocks that would have had you buying and holding leaders at the price peak in 2000, and subsequently losing over 80 plus percent of your money. Avoid this book as a investment guide for anything but commercial real estate. This book's purpose is to "help investors make the connection among the Internet, the economy, and investments." Where the book succeeds is in identifying the places where you can get information on the Internet about economic conditions and investments. But there are better books for this purpose, so that is not enough of a reason to buy the book. Dr. Lereah states that successful investing is based on these rules: "Utilize your knowledge of the economy with Internet-driven investments, information, and understand historical economic relationships." Basically, the philosophy is "buy and hold" for Internet stocks and shift in and out of all other classes of investments. That's just the opposite of what you should be doing. Very few investors should be trying to time stock and bond investments. The track record of professional investors (who do look at this sort of information) is very sorry. Over long time periods, less than 15 percent can beat the market averages. I suggest you read John Bogle's Common Sense on Mutual Funds to see the folly of Dr. Lereah's approach. Internet stocks are usually ridiculously overpriced, so buying and holding is a tough way to make money. These are great trading stocks on the way up, and even better stocks to sell short when the bubble bursts. Even after Internet stocks have been devastated (like now), they are still overpriced in every case I can find. Some of the book's rules do make sense, such as the idea of having goals. But because the book covers so much ground, the subject is reviewed in such a few words that you don't get enough advice about how to do this. On the good subjects, you will feel like you are covering 123 cities in Europe in 15 days. You will see something, but your head will spin from information overload, and you will not quite understand what you are seeing as a result. What you can use this book for is buying and selling commercial real estate. Economic conditions are very critical in that area. As a mortgage economist, obviously Dr. Lereah should know that area and his advice is sound. My suggestion is that you use the occasion of reading this review to consider whether you have set appropriate financial goals for yourself. If you have not, certainly do that before seeking financial advice from investment books, Internet resources, or financial advisors. Learn that the keys to wealth begin with appropriate financial goals.
Rating:
Summary: An Economist's View of Investment Timing
Review: This book has three problems. The first is the premise that rich investors should be changing investments all the time in response to shifts in economic conditions. That is probably the way that fewer people get rich than any other. The second is that you can rely on economic information as it comes out to tell you how the economy is shifting. With revisions and changes in measurements, you usually can only confirm a shift when it is long over. The third weakness is a virtually unlimited faith in Internet related stocks that would have had you buying and holding leaders at the price peak in 2000, and subsequently losing over 80 plus percent of your money. Avoid this book as a investment guide for anything but commercial real estate. This book's purpose is to "help investors make the connection among the Internet, the economy, and investments." Where the book succeeds is in identifying the places where you can get information on the Internet about economic conditions and investments. But there are better books for this purpose, so that is not enough of a reason to buy the book. Dr. Lereah states that successful investing is based on these rules: "Utilize your knowledge of the economy with Internet-driven investments, information, and understand historical economic relationships." Basically, the philosophy is "buy and hold" for Internet stocks and shift in and out of all other classes of investments. That's just the opposite of what you should be doing. Very few investors should be trying to time stock and bond investments. The track record of professional investors (who do look at this sort of information) is very sorry. Over long time periods, less than 15 percent can beat the market averages. I suggest you read John Bogle's Common Sense on Mutual Funds to see the folly of Dr. Lereah's approach. Internet stocks are usually ridiculously overpriced, so buying and holding is a tough way to make money. These are great trading stocks on the way up, and even better stocks to sell short when the bubble bursts. Even after Internet stocks have been devastated (like now), they are still overpriced in every case I can find. Some of the book's rules do make sense, such as the idea of having goals. But because the book covers so much ground, the subject is reviewed in such a few words that you don't get enough advice about how to do this. On the good subjects, you will feel like you are covering 123 cities in Europe in 15 days. You will see something, but your head will spin from information overload, and you will not quite understand what you are seeing as a result. What you can use this book for is buying and selling commercial real estate. Economic conditions are very critical in that area. As a mortgage economist, obviously Dr. Lereah should know that area and his advice is sound. My suggestion is that you use the occasion of reading this review to consider whether you have set appropriate financial goals for yourself. If you have not, certainly do that before seeking financial advice from investment books, Internet resources, or financial advisors. Learn that the keys to wealth begin with appropriate financial goals.
Rating:
Summary: Wrong title, wrong size
Review: This is not a book for growing rich, it only explains some basics of the US economy. The author repeats itself too much, maybe it could have been a better book if it had less than 100 pages and not 300
Rating:
Summary: Wrong title, wrong size
Review: This is not a book for growing rich, it only explains some basics of the US economy. The author repeats itself too much, maybe it could have been a better book if it had less than 100 pages and not 300
<< 1 >>
| 
