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Income Investing Secrets: How to Receive Ever-Growing Dividend and Interest Checks, Safeguard Your Portfolio and Retire Wealthy Paperback – January 16, 2010
Based on seven years of reporting from over a dozen countries, writer Tom Wainwright takes you on an extraordinary journey into the business of being a drug lord. Learn more.
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Top Customer Reviews
I used to invest regularly. Oh, it wasn't very much, so I didn't lose sleep over financial headlines during the past couple of years. Frankly, I'm not even an armchair stockbroker; I simply chose companies I liked to feel a connection to.
However, I did step on the brakes when several banks and investment firms folded. I was unwilling to risk money that might otherwise be spent on something more entertaining... and reliable.
This book restored my understanding -- and confidence -- in investments. Before I recognized the differences between trading and investing... well, I lumped the entire realm of stocks, bonds, etc., into one large, liability-fraught category.
Now, I have a far better understanding of what's safe, what's foolish, and the most solid approach to long-term investments.
The "ah-HA!" moments throughout this book will provide relief for anyone who -- in the past -- handed money to a broker or investment firm and crossed their fingers.
They say that knowledge is power. Well, this book definitely provides the knowledge that will empower any investor (small or large) to make better decisions in a changing marketplace.
If you're a current investor, or someone who'd like to invest but the economy makes you nervous, this is definitely the book to read.
It's not that other books aren't good. Some even very good. But this one is so in-depth, it weighs all the pros and cons of each investment vehicle, it quotes a lot of research and proves what works and what doesn't. And it does it all in a way that anyone can understand.
It's also geared toward something we should all think about - the long term.
I'm so impressed with this book, that I'm going to buy several for my immediate family so we can all share in these investment secrets.
I'm going to keep a sharp lookout for all of Richard Stooker's books from now on.
As the author says in the introduction, his book is "not a short-term quick fix. The short term buying and selling of financial securities is more properly known as "trading," and is most akin to gambling." He insists that in a typical situation where you buy and sell many stocks, your broker who gets paid commissions on every transaction, is the only guaranteed winner. And sooner or later, being human, you're bound guess wrong more often than not.
In the author's world, making money in the market does not involve buying and selling for a profit. It means buying securities that pay income. He advices to focus on securities that pay solid dividends and that meet basic human needs. Then, re-invest your earnings so you compound your "golden eggs" and you greatly increase your chances of having a happy and prosperous retirement.
This is a good, solid investing philosophy that not only increases your chances to make money, but it makes rational sense. The variety of investment vehicle types that the book describes is great background information for anyone thinking of investing for dividends and interest.
While no one can guarantee how much income you will receive from investments, if you want to get started on the right foot, this ought to be one of the first investment guides that you should read.
This book is a great source of information for the investor looking for guidance on what to do next.
Most Recent Customer Reviews
Some good advice but very simplistic and in some manners dangerously wrong. The notion that doing research is waste of time in absurd. Read morePublished 3 months ago by Geomann
A third of the way through it and all I have learned is that he likes dividends. How many ways can he repeat himself?Published 5 months ago by grant hegranes
If you have the money to invest this book will change your stock-buying thoughtsPublished 8 months ago by Gene B
The concept of investing for income is a good premise but the recommendations are too general .
For anyone with knowledge of investing .
I bought this book a year ago, and read it at the same time I read "Get Rich with Dividends" by Marc Lichtenfeld. Read morePublished 14 months ago by J. Reed
This was an interesting book. The writer's style was somewhat unusual. Some chapters were mostly a collection of one or two line thoughts about the subject of that chapter. Read morePublished 15 months ago by T. Richardson