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Investing For Dummies, 4th Edition (Paperback)
by Eric Tyson
| Category:
Personal finance, Investment, Self help |
| Market price: ¥ 238.00
MSL price:
¥ 218.00
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| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
Written in an easy-to-understand style, this investment guide covers all the basics and is especially good for beginners. |
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Author: Eric Tyson
Publisher: Wiley
Pub. in: December, 2005
ISBN: 0764599127
Pages: 456
Measurements: 9.2 x 7.4 x 1 inches
Origin of product: USA
Order code: BA00564
Other information: 4th edition
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- Awards & Credential -
A Wall Street Journal bestseller |
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- MSL Picks -
Tyson's book on investing presents useful information and covers just about all of the basic categories. This is a good place to begin learning about various investments. However, he book does not provide sufficiently detailed information for a anyone to become an active participant in some specific investment areas, and additional education is required for them.
One serious omission is the lack of coverage about stock options. As a remedy, I recommend either THE SHORT BOOK ON OPTIONS (Wolfinger) or Options as a Strategic Investment (Macmillan).
Target readers:
General readers
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- Better with -
Better with
Personal Finance For Dummies, 5th edition
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Eric Tyson (Eric Tyson first became interested in money more than three decades ago. After his father was laid off during the 1973 recession and received some retirement money from Philco-Ford, Eric worked with his dad to make investing decisions with the money. A couple years later, Eric won his high school's science fair with a project on what influences the stock market. Dr. Martin Zweig, who provided some guidance, awarded Eric a one-year subscription to the Zweig Forecast, a famous investment newsletter. Of course, Eric’s mom and dad share some credit with Martin for Eric's victory.
After toiling away for a number of years as a management consultant to Fortune 500 financial-service firms, Eric finally figured out how to pursue his dream. He took his inside knowledge of the banking, investment, and insurance industries and committed himself to making personal financial management accessible to all.
Today, Eric is an internationally acclaimed and bestselling personal finance book author, syndicated columnist, and speaker. He has worked with and taught people from all financial situations, so he knows the financial concerns and questions of real folks just like you. Despite being handicapped by an MBA from the Stanford Graduate School of Business and a B.S. in Economics and Biology from Yale University, Eric remains a master of "keeping it simple." An accomplished personal finance writer, his "Investor's Guide" syndicated column, distributed by King Features, is read by millions nationally, and he was an award-winning columnist for the San Francisco Examiner. He is the author of five national bestselling financial books in the For Dummies series on personal finance, investing, mutual funds, home buying (coauthor), and taxes (coauthor). The prior edition of this book was awarded the Benjamin Franklin Award for best book of the year in the Business category.
His latest book, Mind Over Money: Your Path to Wealth and Happiness (CDS/Perseus), examines the problematic financial habits people engage in and provides proven strategies for overcoming them. Eric's work has been featured and quoted in hundreds of local and national publications, including Newsweek, The Wall Street Journal, Los Angeles Times, Chicago Tribune, Forbes, Kiplinger's Personal Finance magazine, Parenting, Money, Family Money, and Bottom Line/Personal; on NBC's Today Show, ABC, CNBC, PBS Nightly Business Report, CNN, and FOX-TV; and on CBS national radio, NPR's Sound Money, Bloomberg Business Radio, and Business Radio Network.
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From the Publisher:
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 is an internationally acclaimed and best-selling personal finance author, lecturer, and advisor. He is dedicated to teaching people to manage their money better. Eric is a former management consultant to businesses for which he helped improve operations and profitability. He has been involved in the investing markets in many capacities for more than three decades. In addition to investing in securities and mutual funds over recent decades, Eric has also successfully invested in real estate and started and managed his own business. He has counseled thousands of clients on a variety of investment quandaries and questions.
An accomplished freelance personal finance writer, Eric is the author or co-author of numerous best-selling books including For Dummies books on Personal Finance, Mutual Funds, Taxes, and Home Buying and is a syndicated columnist. Personal Finance for Dummies was awarded the Benjamin Franklin Award for Best Business Book of the Year.
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| View all 14 comments |
An American reader (MSL quote), USA
<2007-01-12 00:00>
I have been investing in stocks, mutuals funds and real estate for about 8 years without ever reading a book on the topic. I bought this book to learn the nuts and bolts of investing. Despite the fact that I am not a beginner I still found the book informative. For example, Tyson says when a stock plummets don't bale out, buy some more at the lower price. I baled out of amazon.com at $11 and of course I deeply regret it now. I have since learned to hold during the bad times and now I am in profit territory with all of my stocks. He suggests that college savings accounts, such as 529 plans, may be a bad idea because it could hurt your child's chances of getting financial aid. He explains how bonds can go down in value and says instead of buying individual bonds it is better to buy bond mutual funds. I had been wary of bonds before reading this book, now I am thinking about buying a bond fund in the interests of diversification.
I didn't agree with Tyson on everything. He is more conservative than I am. I am only in my early 30s, so I believe I am young enough to take some financial risks. Also, he believes that it is a bad idea to pick your own stocks. Yet he also says that if you buy good companies and hold for several years you will always come out ahead as long as you have a diversified portfolio. I see no reason to pay a financial planner (who may put his/her own interests ahead of mine) to do this for me.
One thing I really like about the book is that he doesn't just focus on financial instruments. He also discusses investing in both real estate and small businesses. I will be buying a franchise within the next year and I found this information very helpful. Of course, I will need to do further reading on this topic.
This is an excellent book that I had a hard time putting down. If you want to learn more about investing I suggest that you start with this book. It will provide a solid foundation, and help you move onto more complicated financial books and magazines. |
May (MSL quote), USA
<2007-01-12 00:00>
I preface my review with saying that I am a huge fan of the For Dummies series in general and those written by Eric Tyson in particular. This is another well-written, highly informative book in the series regarding finance and investing. I often conduct seminars on the subject of investing, specifically in retirement accounts, and borrow heavily from the advice and explanations provided in this book. Although the subject matter demands more complexity, and therefore more attention, than the other For Dummies books, it is excellent for those willing to take the extra time. I personally learned a great deal regarding individual stock selection by learning how to understand a company's financial statements. As with any other For Dummies book, you can easily decide how deep you want to go on any given subject.
I feel this book is especially relevant in an environment such as today, where many have equated investing with gambling. This statement may be true, if you don't understand the rules. However, this book provides a valuable service in explaining that investing, like anything else in life, will reward you to the extent that you are willing to take responsibility and understand how it works. For those willing to do so, I can not think of a better place to start than this book. |
Martin (MSL quote), USA
<2007-01-12 00:00>
If you plan on investing, either by hiring a broker or doing it yourself, you owe it to yourself to read this book. It covers the range of potential investments, from stock and mutual funds to small business and real estate investing.
It is true that Tyson seems biased towards Vanguard's mutual funds and this book, like his other books on mutual funds and personal finance, carries that tradition forward. In this regard, Tyson is in good company: Vanguard is also highly rated by Consumer Reports and it consistently has the lowest costs. So far, Vanguard has avoided any hint of scandal that has plagued other mutual funds. |
Sarah Byrne (MSL quote), USA
<2007-01-12 00:00>
Considering that I know hardly anything about investing in stocks, real estate, etc., this book was a very good one because it introduced me to the basics. It starts with each topic on "level one" and gradually leads you to the level where you understand the topic but do not have useless information. It discusses stocks and bonds, real estate, portfolio buiding, and even the interesting psychological obstacles in investing. I thought an interesting idea was that to succeed long term in mutual fund investing, your portfolio must be diversified and well-researched. This book also discusses the pros and cons of having a financial advisor, and gives resources for more information. The book has cartoons, which add humor and taught me how investing would be applied to my life. The section of the book least applicable to me was about running and buying business, but it was interesting nevertheless. It was a great introduction to investing and I feel much more prepared than I did before reading the book. |
View all 14 comments |
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