Customer Reviews

The SmartMoney Guide to Long-Term Investing: How to Build Real Wealth for Retirement and Future Goals

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I was looking for an indepth personal financial planning guide with guidance on decision making -- that is not what this book is. It is more a top level look at financial planning in most areas, in depth in a few areas and totally leaving out other areas.

For example, the book describes many of the financial instruments and has a great worksheet to calculate allocations but does not let the reader know why these allocations are the best. The author goes into 529 College Savings Plans but only describes the top 12 states plan. The 70 pages of glossary and index could be better served by covering the topics in more depth or adding sections on real estate or estate planning.

This book is all about investing for retirement, children's college tuition, and other goals. The authors do a pretty good job describing different investment vehicles: stocks, bonds, and mutual funds. I have read many books on investing for retirement and they all give advice to readers on how much money a person needs. This author does not do that,

"How much money will you need in order to retire? Well, that all depends on what kind of retirement you want."

This is so true. Different people live different lifestyles. The same applies one's lifestyle during the retirement. This book also covers different retirement accounts such as 401(k), IRAs, and Roth IRAs. Those readers who do not wish to spend a significant amount of time investing can turn to professional help. Chapter 5 lists 31 top-notch mutual funds that investors can turn to for help. This book provides a pretty good introduction for long-term investing.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market