Most helpful positive review
16 of 16 people found the following review helpful
Investing - Nuts & Bolts
on May 31, 2010
As is typical for the missing manual series, this is a well written, informative book that covers many investing topics. It starts by having you set goals for your life, and then encourages you to get out of debt (It's hard to invest when you're underwater financially). Budgeting is promoted, spending wisely has its own chapter, and a brief section on psychoanalyzing your personal approach to investing fills out the introductory chapters.
The next section of the book gives an A-Z summary of common investment options. The "magic" of compounding is explained. The authors then go on to discuss what they call the "big four" of investing, mutual funds, stocks, bonds, and REITs. Pros and cons of each of these choices are clearly discussed. There is also a section on asset allocation, which suggests different amounts portioned to different investments depending on the financial climate.
The book ends with chapters on putting money aside for college and health care.
There are references to online tools that will allow one to refine strategies. One puzzling mistake that is repeated throughout the book is giving the incorrect age for "full retirement" as defined by social security for most of the baby boom generation. This doesn't detract from the usefulness of the book for people looking for a thoughtful introduction to personal investing.