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The First Time Investor : How to Start Safe, Invest Smart, and Sleep Well
 
 
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The First Time Investor : How to Start Safe, Invest Smart, and Sleep Well [Paperback]

Larry Chambers (Author), Dale Rogers (Author)
3.9 out of 5 stars  See all reviews (7 customer reviews)

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Book Description

March 26, 2004

From the end of the 1990's bull run to today's point-and-click electronic trading, investors face a radically transformed trading environment. The First Time Investor has been updated to teach beginning investors everything they must know in this new, high-speed investment arena. Along with the basics, it now features in-depth discussions on day trading, decimalization, the expansion of the global marketplace, and more--as well as a valuable new section on the top 10 things people must do to protect their 401(k)s.


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Editorial Reviews

From the Back Cover

Plain talk on how to make money in today's stock market--and, just as important, how to avoid losing it!

"Investment planning has become an important aspect in my life. The First-Time Investor offers real-world investment applications in an understandable way."
--Jack Canfield, coauthor, Chicken Soup for the Soul (#1 New York Times bestseller)

The first two editions of The First-Time Investor steered clear of Wall Street sales gibberish to reveal proven methods for building and protecting wealth in the stock market. Now, the third edition of this no-nonsense guide updates that message--telling you what you need to know, explaining why you need to know it, and providing real-life examples of what could happen to you if you choose to ignore it in today's fast-action markets.

As valuable for market veterans as it is for investors just getting their feet wet, this blueprint of how the market really works reveals:

  • Six investment principles every broker should tell you
  • Top Ten techniques for protecting your 401(k)
  • Easy-to-understand asset allocation strategies for greater return at lower risk

Far too many of today's investment books fill novice investors with bogus advice and unsupported claims. Let The First-Time Investor cut through that noise and clutter to show you how to build a solid fortune in the market without breaking a sweat.

About the Author

Larry Chambers is a former top investment advisor with E.F. Hutton and Co. and the author of several highly successful investment books.

Dale Rogers is president and CEO of The Rogers Companies, which manages 55,000 401(k) accounts for investors across the U.S.


Product Details

  • Paperback: 300 pages
  • Publisher: McGraw-Hill; 3 edition (March 26, 2004)
  • Language: English
  • ISBN-10: 0071420371
  • ISBN-13: 978-0071420372
  • Product Dimensions: 9 x 6.1 x 0.8 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #937,207 in Books (See Top 100 in Books)

More About the Author

Hi I'm Larry Chambers. Today I live in Ojai, California. I have two great and successful kids, Christin (27) is a singer, song writer and realty show producer and Logan (23) has a degree in Marine Biology UCSC and is a California State Beach Life Guard.

My first two books; Recondo and the First Time Investor pushed me in a new direction and launched a writing career that my teachers would have told me is impossible - once they stopped laughing. I was guy always distracted, inattentive, impatient, forgot his homework, and spelled words that looked more like turds.

But I beat the odds. I've written over 50 published books and hundreds and hundreds of magazine articles.

It wasn't until I was plopped down in the jungles of South Vietnam that I moved to 'the head of the class.' Distractibility, risk taking and impulsiveness were liabilities in school, became survival traits in combat. I would noticed things others overlooked, a blade of grass bent in the wrong direction or VC snot dripping from a tree leaf. Without being able to explain why, I'd knew when things were about to happen.

MILITARY BACKGROUND: served with F 58th Inf LRP and the originating L Co 75th Rangers 101st Abn ("Merrill's Marauders') company organized as the parent unit for the separate long-range reconnaissance patrol companies 1968-69.

AWARDS: Purple Heart, two Bronze Stars, two Air Medals; Combat Infantryman's Badge; Parachute Badge; Army Commendation Medal; National Defense Metal, Good Conduct Metal, Vietnam Cross of Gallantry, Vietnam Service and Vietnam Campaign Metal. Recondo Badge.

BACKGROUND: Corning High School, located in Northern Cal, where he played football, basketball, track and boxing. He spent the summers milking cows and delivering feed to neighboring ranches. Went to Shasta College during the summer worked in the Forest Service as a fire fighter. After Vietnam he moved to Utah and completed his Bachelors and Masters of Science degrees. A certified ski instructor he also taught skiing for the University of Utah. After graduation he became a stockbroker for EF Hutton & Co, started Hunter/Chambers Construction Company and Credibility Marketing a hi-bred marketing and writing service.

AFFILIATIONS: Vetrepreneur (magazine for military Veterans who own a business) Advisory board member for the Journal of Retirement Planning; Associate Editor for the Journal of Investing; Business and Economics columnist for the Honor Society of Phi Kappa Phi Forum; Contributing editor for Investment Advisor magazine; and Wealth Manager; contributing editor Financial Planning, On Wall Street, Registered Representative, and on the editorial advisory board at Pension World magazine.

 

Customer Reviews

7 Reviews
5 star:
 (3)
4 star:
 (2)
3 star:
 (1)
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1 star:
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Average Customer Review
3.9 out of 5 stars (7 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

13 of 14 people found the following review helpful:
5.0 out of 5 stars Great Primer on Investing Basics and Risks Involved, August 19, 2004
By 
L. Masonson (Monroe, New York USA) - See all my reviews
(REAL NAME)   
This review is from: The First Time Investor : How to Start Safe, Invest Smart, and Sleep Well (Paperback)
Although I'm a veteran investor, I enjoyed reading this well-written updated third edition by two highly qualified authors. Everyone involved in investing in the stock market, mutual funds or separately managed accounts will glean useful information from this book. Composed of 22 chapters and three appendices, this 300-page paperback covers the key basics of investing.

This no-nonsense easy-to-read text explains the importance of determining your risk tolerance before you invest, understanding the difference between asset allocation and diversification so you don't make foolish mistakes, knowing how to determine your retirement income goals and capabilities, and investing for your children's education.

Many investors do not have a clear idea of the riskiness of the stock market. Perhaps after the the Nasdaq Composite Index fell from 5048 in March 2000 to 1100 in October 2002, investors learned the hard way that risk really matters. That is why one of the key discussion points that the authors hammer home is the comparison of investment risk vs. reward. The authors cover the risk-to-reward spectrum with numerical examples, the meaning of the efficient frontier, beta, and the standard deviation. One chapter provides a blueprint of how to build a diversified portfolio in five easy steps.

Additional chapters cover the basics of investing in active and passive mutual funds, their share classes, stocks, bonds, annuities,separate accounts and company stock options. Also provided is a 17-page glossary of investment terms.

If you have never invested in the stock market or have a minimal knowledge of how to play the game, then I highly recommend that your read this book before you place your hard-earned cash in the market so that the odds are in your favor. You need at least a basic knowledge prior to investing, otherwise your may lost a large portion of your capital without realizing what happened to you, and that would be a shame.

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7 of 8 people found the following review helpful:
5.0 out of 5 stars Truly Excellent Book!, September 30, 2005
By 
Jack (New York, New York) - See all my reviews
This review is from: The First Time Investor : How to Start Safe, Invest Smart, and Sleep Well (Paperback)
I was thrilled to finally get some serious and safe " how to" information on investing. I thoroughly read and enjoyed Peter Lynch's book " One Up On Wall Street", which is the true ABC guide to investing, but never felt confident enough to put my money in any sort of investment vehicle. This book helps the reader to diversify and thus reduce risk. Simple explanations and data to back up the authors' claims makes this an excellent guide for the first time investor.

A strong 5 stars!
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6 of 7 people found the following review helpful:
4.0 out of 5 stars Useful info and easy to read., July 15, 2004
By A Customer
This review is from: The First Time Investor : How to Start Safe, Invest Smart, and Sleep Well (Paperback)
An easy read yet full of useful info. The authors explained some concepts I'd heard often but never fully understood. I'm excited about applying the concepts to my personal portfolio and my 401k.
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Inside This Book (learn more)
First Sentence:
Whether you are a first time investor or a sixth time investor who keeps learning the hard way, or even if you've been in debt a long time and are still searching for a way to become an investor, you are in the right place. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
small value companies, asset class mutual funds, asset class investing, asset class funds, most annuity contracts, fund utilizes, retail mutual funds, annuity holder, same asset class, retail funds, average capitalization, first time investor, educated investor, equity asset classes, retirement calculator, surrender charges, one asset class, variable annuity, pretax contributions, large company stocks, survivor bias, annuities offer, deferred sales charge, small company stocks
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Wall Street, Raymond James, Dow Jones, New York Stock Exchange, United States, American Stock Exchange, Eugene Fama, Internal Revenue Code, Nobel Prize, The University of Chicago, Chia Pet, Direct Program, Global Crossing, Strategies That Give You the Edge, Bonds Average Return, College Board, College Savings Plans Administrator Options, Dimensional Fund Advisors, Harry Markowitz, Merrill Lynch, Program Investing Section, Uncle Sam, Adam Smith, Rogers Capital Management Inc
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