In The Third Of Her "Financial soundbites" series, renowned money expert Nancy Dunnan taps her expertise to offer 300 indispensable tidbits of information to help anyone better handle their money, whether a timid first-time investor or an aggressive high-stakes player. Covering the entire spectrum of finances, Never Short a Stock on Wednesday puts an extra focus on the market, empowering readers with the savvy of a broker. Packaged for quick reference and easy review, this compact compendium of advice is right on the money.
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Book Description
Editorial Reviews
About the Author
Nancy Dunnan's many books on money and finance have sold nearly one million copies throughout the United States and Canada. Her down-to-earth guidance to American consumers is consistently prudent, and well-received by her readers.
Ms. Dunnan is a contributor to many consumer magazines, including Your Money, Parents, Readers Digest New Choices, and Bottom Line Tomorrow, and is heard on WNYC Public Radio in New York City and nationwide on Business News Network. She is on the Internet at www.women.com. She may be reached by e-mail at Dunnanbks@aol.com.
Excerpt. © Reprinted by permission. All rights reserved.
Introduction
Sophie Tucker, the legendary American entertainer who died in 1966, was exactly right when she said being rich is a whole lot better than being poor. That advice is just as viable today as it was back then.
As we enter the twenty-first century, making smart decisions about saving, investing and spending money are as important as ever. In many instances, the decision making process will become more complicated--not only because we face a proliferation of financial options but because we must pay for increasingly expensive housing, education, longer lives and therefore greater medical and retirement needs.
I wrote this book to help you prepare for these dramatic changes, most notably the explosive growth of online trading, banking, saving and spending. Trips to your local bank, shopping center, broker's office and travel agent win decrease dramatically while purchasing, investing research via your computer will increase phenomenally. Twenty-four-hour trading will grow, and with it Internet scams. It goes without saying that the more you know, the smarter your decisions will be.
Sophie Tucker was diversified, starring on Broadway and in vaudeville, cabaret, burlesque, film and TV. She recorded her famous signature song, "Some of These Days," for the primitive Edison company in 1911, yet was also part of the Rock era. She moved with the times. So must you.
Each lesson in this book will enable you to incorporate Sophie Tucker's wisdom. Read one lesson per day and by this time next year you will indeed be richer than you are today. Then, pass this book onto a friend and take joy in making that person richer as well.
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful:
5.0 out of 5 stars
One Money-Making Idea a Day for a Year!,
By Donald Mitchell "Jesus Loves You!" (Thanks for Providing My Reviews over 109,000 Helpful Votes Globally) - See all my reviews (VINE VOICE) (HALL OF FAME REVIEWER) (TOP 100 REVIEWER)
This review is from: Never Short a Stock on Wednesday: And 300 More Financial Lessons You Can't Afford Not to Know (Harper Resource Book) (Paperback)
'Sophie Tucker . . . was right when she said being rich is a whole lot better than being poor . . . She moved with the times. So must you.' Nancy Dunnan's latest list of money-making ideas is full of ideas for improving your stance versus the tax authorities, purchasing items for less, making better investments, and living a more intelligent life through accessing key ideas on the Internet. Here are a few examples: Never buy a mutual fund in December -- that's when they distribute their capital gains for the year and you'll pick up a tax bill for gains that you really didn't get to enjoy (if you make the purchase in a taxable account). You can get a higher rate of interest on federally-insured bank CDs by buying them from your regular stock broker -- they look around for the best deal across the country and will charge nothing if you already have an account with them. You can often get an extra half point of interest that way. If you want to own index mutual funds, own them in taxable accounts and buy high turnover mutual funds with your tax-free accounts. You'll save a lot of taxes that way. Know what the annual trading turnover is on the mutual funds you own or are considering purchasing. Generally high-turnover funds will cost you more money in fees and taxes. Get a Roth IRA for you and one for each of your children if you qualify. Having been held for 5 years and after age 59 1/2, the withdrawals are tax-free and you can withdraw whenever you want. If inflation starts to rise and you want interest income, buy the U.S. Treasury's new I bonds that are indexed to inflation. Your interest payments will rise, and your principal will be safe. Make your airline reservations just after midnight. That's when airlines make more discount seats available. If you're having trouble getting venture capital, approach the business school you attended. They often invest now in projects sponsored by alumni/ae. If you like to trade on-line, have two accounts in case one is down because of computer problems. Double check all of your on-line confirmations. There's lots of good ideas for catching and correcting mistakes. The only area where I found the book a little wanting was in picking stocks. Many of the old chestnuts (dogs of the Dow, quality growth stocks, etc.) were described. But the latest research has shown better ways to do each of these things than are described here. For example, see ChangeWave Investing for finding high growth stocks. You can check your ideas with the items here, but don't count on this book as a source of cutting edge stock-picking advice. You'll get your money back many times over however with this fine book, and you'll enjoy the simple, clear writing style. Financial advice doesn't have to be long and complicated to be helpful.
4 of 4 people found the following review helpful:
5.0 out of 5 stars
This is the Best Money Saving Book!,
This review is from: Never Short a Stock on Wednesday: And 300 More Financial Lessons You Can't Afford Not to Know (Harper Resource Book) (Paperback)
You can't afford NOT to buy this book. It gives you many things in life that we take for granted. For instance, when at a car dealership- never tell a salesman the exact model and color you're looking for. The salesman would try to put extra add ins in the cost, but if you refuse all of it. Most likely to close the deal, the salesman would throw it in FREE. I am happy that I'd read this book before I'd bought my new car. I've saved alot from many other examples in the book and so would you.Recommendation: Strong Buy
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