Customer Reviews

The New Trader's Tax Solution: Money-Saving Strategies for the Serious Investor, 2nd Edition, Updated

5 star:		(3)
4 star:		(0)
3 star:		(1)
2 star:		(0)
1 star:		(2)

 

 

I didn't like this book because it rehashes a lot of the same stuff in his first book, thus the materials is not very "new". "Ted Tesser's New Book" is a case of the Emperor's New Clothes. The author runs a supposedly reputable business in Florida trying to "save traders money". I followed the tax advice in the book on setting up corporate entities and ended up caught between a rock and a hard place, because the book did not include critically important details (perhaps intentionally?). When I needed more specific details, the authors' company tried to force me to pay $350/hour charged to a credit immediately over the phone for advice if my CPA was standing there to help me make sense of it all. The phone call was already costing me $100/hour. At that point I knew I was dealing with a sheister. I would not recommend this book or getting involved with the Waterside Financial to anyone. The New Trader's Tax Solution: Money-Saving Strategies for the Serious Investor, 2nd Edition, Updated

I have an older edition, I was very impressed. It's a wealth of information anyone with assets to protect needs to know written with not only technical knowledge but also wisdom. It exposed me to a variety of tax and wealth protection issues I had never heard of, and left me with new perspectives on wealth protection. I wrote this review when I saw the earlier cynical reviews giving it a bad rating. The older edition I read has had a positive effect on my life worth far more than the price of the book or the time to read it.

The book is really good. The reason why I gave it only 3 stars is that it doesn't cover the complex stuff I am looking for. And it mostly target to small trader. This book will do you little good if you able to make over million dollars a year from the market. The book does not mention much about asset protection. As with any trader, the only asset is their cash, and I believe the author should put more work into this section if a new version is on the way.

I enjoyed this book very much, and decided to write a review when I checked out one of the other reviews regarding it. I have had a very different experience than the other reviewer. Yes, the book contains some material from his older books, but it is done in a manner that acts as a review for the new material in this book. I also had questions and they were answered when I contacted Mr. Tesser. I was not charged for the answers. I was given the opportunity to have a consult. I never felt pressured to sign up for anything and wasn't told that my current situation or representation was bad. I was shown the difference between what I had and what Mr. Tesser offered. I have gone on to become a client and I am quite happy with the service that I receive from his firm.

The book has 560 pages, 80% of it is water to cover pages. He writes about the same issue many times wasting reader's time. The issue that he covered before in few sentences is dragged for 2 pages. He does not give in depth information. He just describes idea and writes to consult CPA. The book has little to do with taxes for traders, it describes more the avoidance of estate taxation. I do not recommend this book. Do not waste your time.

Keep the profits you work so hard to earn and take control of your financial destiny with this thoroughly updated guide to reducing tax liability for the serious trader and investor. Jam-packed with invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws, CPA and expert tax consultant Ted Tesser provides current solutions for the tax problems most U.S. traders, investors and income earners are facing today. Comprehensive and simple to use, this complete guide includes not only proven methods to reduce your tax exposure, it comes with real-world case studies, illustrations, templates, and filled-out, ready to be filed tax forms.