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Summary: Cogent Advice for Novice Investors
Review: Each year, it seems reams of page are published on the subject of investing. Many are forgettable and some should absolutely be avoided. But a friend told me to check this book out and I was pleasantly surprised. Lynnette Khalfani is a former reporter for "The Wall Street Journal" and CNBC. To her credit, she keeps the chapters short and to the point and ends each with what she refers to as a "$ummary $uccess $tory." The book is clear, concise, and east to read and follow. Khalfani essentially notes that mistakes made by people in investing are fairly common to the majority of investors. She divides the book into five sections: strategizing your goals, buying, holding, selling, and dealing with investment intermediaries such as stock brokers. She has an easy-to-read, friendly style of writing. The advice is basic, and more sophisticated investors will consider as remedial or average, at best, but for anyone who knows little about investing, it's a great starting point. Her advice is solid throughout, and the piece of advice she considers most important is particularly good: Don't invest prematurely. By that she means you should have a stash of three-to-six months of expenses, a will, and disability insurance before you dive into investing. If you are new to investing, read this book first, you'll be glad you did.
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Summary: A Great Resource
Review: Investing Success inspired me to kick start 2004...and to develop a strategy for investing. The book is sophisticated enough to be helpful, concise and well written. The examples Summery Success Strategies at the end of each chapter help me stay focused and on track. Finally, a book that tells you what to do and how to clean up the mess if you've made mistakes.
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Summary: A vital and fiscally savvy resource
Review: Knowledgeably written for the non-specialist general reader by a veteran financial news journalist Lynnette Khalfani, Investing Success: How To Conquer 30 Costly Mistakes & Multiply Your Wealth! is a very practical guide to avoiding common mistakes in financial matters, ranging from investing prematurely; to relying too much on "inside" information; to lack of true diversification; to fiscal overconfidence; to failing to acknowledge mistakes; to neglecting to check the background of one's broker or financial planner, and more. Investing Success is commended as being a vital and fiscally savvy resource for learning from the mishaps of others before one's hard-earned life savings are on the line.
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