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Investing for the Clueless: A Step-By-Step Money Management Guide for the Total Beginner
by Alfred M. Waddell
Product Group: Book
Publisher: Citadel (1996-04)
ISBN: 0806517689
EAN: 9780806517681
Dewy Decimal #: 332.6
Paperback: 157 pages
SKU: OZ122702
Condition: Very Good
Comments: 0806517689 Book free of markings. Cover shows light to moderate wear. Interior & spine evidence only gentle use, accidental crease; overall, a very serviceable copy. Your book will be carefully protected for transit in sturdy, weather-resistant packaging. We are prompt, efficient, communicative.
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Customer Reviews
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reliable help for the clueless
Rating  (5)
Date: 2008-04-14
Investing is certainly an intricately complex field for lay people who are not sophisticated in financial matters. Therefore, books like this one are good vehicles in deciphering the language of investing. Mr. Waddell, an MBA graduate from the Harvard Business School, explains all the basic concepts in regard to investing in a pleasantly readable style for the absolute beginners to obtain the necessary understanding of certain pitfalls which can appear in every step of the process. The style of writing, which first of all had to be clear and understandable to his wife who typed and screened it, is concise and to the point sprinkled with humor. A powerful primer with lots of clarification of some crucial technical aspects of investing for the clueless but curious and ambitious beginner investors.
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I'm a total beginner!
Rating (5)
Date: 2003-09-02
6 out of 6 customers found this reveiw helpful
I think this book did a pretty good job at teaching the complete beginner, me, about the basics of investing with stocks, bonds, and mutual funds. He favors stocks over bonds in the long term, and rightly so. He clearly demonstrates that bonds simply can't handle inflation the way stocks can. However, some bonds do make sense for certain people, like older folks near retirement. Even then, he suggests using say, 25% stocks to protect older folks from inflation. But for young kids like me (20 yrs old), long-term, diversified no load stock mutual funds seems to be the way to go. He shows one table in his book showing the average return of different stock and bond combinations through 1947 to 1989. The table demonstrates that a porfolio with 100% stocks and 0% bonds has the largest average return. He also discusses numerous tax deferral programs such as various IRA accounts, including Roth IRAs. I could go on and on about all the things I learned in this book. I would recommend this book to anyone new to investing.
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