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You Don't Have to Be a Bag Lady: A Humorous Survival Guide for the Reluctant Investor
 
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You Don't Have to Be a Bag Lady: A Humorous Survival Guide for the Reluctant Investor [Paperback]

Sheila Peters (Author)
4.6 out of 5 stars  See all reviews (5 customer reviews)


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Book Description

0759687188 978-0759687189 April 2002
Women Shake Off Bag Lady Fears and Laugh Their Way to Financial Literacy

Women are making more money than ever before, but they’re still afraid of becoming bag ladies. So, why don’t men struggle with being bag men or bums? Because the genders see money quite differently.

Men believe money is something they can always earn, while women see it as a pool that can dry up. What women don’t realize is that money is blind to gender. It doesn’t care whose pocket it’s in. What separates the haves from the have-nots is financial literacy.

You Don’t Have to be a Bag Lady! A Humorous Survival Guide for the Reluctant Investor, by Sheila Peters, is a laugh-out-loud guide for the new investor who wants to step onto Wall Street but needs some handholding. Reading like a memoir, each chapter shares the personal story of two young girls from a large family who notice early that their brothers have privileges they could only dream of. For years, they pine to be altar boys, but eventually wake up and realize that making money is the ultimate male rite of passage. Overnight they stop blessing the dog and get a paper route.

Ride along with the sisters and their moneymaking schemes, which also include scavenging for garage sales and ultimately driving a Good Humor truck. At the same time, you will learn the fundamentals of investing.

In addition:

· Begin a 6-month plan to get your financial house in order and start investing.

· Understand why women have been preconditioned to avoid investing.

· Discover why women are often better investors than men.

· Recognize that money gives you choices.

· Learn how the Internet can make investing easier.

· Decide if it would be cheaper in the end to hire a financial professional.

· Realize that your philanthropic donation can empower other women.


Editorial Reviews

About the Author

Sheila Peters, a Chicago native, is an active investor and member of the National Association of Investors Corporation (NAIC), Chicago West Chapter. She is passionate about women empowering themselves by learning about and investing in the stock market. She also participates in an investment club. She has a M.S. in Written Communications and has been published in The Chicago Tribune and various magazines.

Product Details

  • Paperback: 120 pages
  • Publisher: Authorhouse (April 2002)
  • Language: English
  • ISBN-10: 0759687188
  • ISBN-13: 978-0759687189
  • Product Dimensions: 8 x 5 x 0.3 inches
  • Shipping Weight: 5 ounces
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #5,834,908 in Books (See Top 100 in Books)

 

Customer Reviews

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Average Customer Review
4.6 out of 5 stars (5 customer reviews)
 
 
 
 
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4.0 out of 5 stars You don't have to be a bag lady, January 16, 2003
This review is from: You Don't Have to Be a Bag Lady: A Humorous Survival Guide for the Reluctant Investor (Paperback)
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4.0 out of 5 stars You don't have to be a bag lady, January 16, 2003
This review is from: You Don't Have to Be a Bag Lady: A Humorous Survival Guide for the Reluctant Investor (Paperback)
Sheila Peters gives a beginners guide to investing interspersed with humorous accounts of her growing up and how she got involved in investing. She talks about the glass ceiling that many women encounter when they start to enter the "man's world" of work and investments. She illustrates this by describing the double standard she had growing up where the boys earned money mowing lawns and she was allowed to earn money selling lemonade and acting lady like. Ms. Peters continues explaining how money equates to power. Women need to become better educated by reading books, talking to friends, attending workshops, seminars and lectures. Women are hampered by a lack of knowledge about stocks and bonds and that is why we don't invest as much as men.

Now I know why one should read the Prospectus about a company (no matter how boring)! I learned about the different kinds of funds and how diversification is a good thing. I admit I will have to reread some parts that I didn't quite understand. Joining an investment club sounds interesting and a good way to get a start in the investing arena. There were some graphs in the book illustrating how you are supposed to chart different types of growth but the graphs were hard to read. I don't know if that was the PDF format and it would be clearer in paperback format.

This book was extremely interesting and very informative. Sheila has definitely encouraged me to take a greater interest in my portfolio (Does that sound pretentious?) and to ask more questions. I would definitely recommend this book to anyone that is interested in getting started in investing.
...

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5.0 out of 5 stars A practical, tip-filled compendium, September 14, 2002
This review is from: You Don't Have to Be a Bag Lady: A Humorous Survival Guide for the Reluctant Investor (Paperback)
You Don't Have To Be A Bag Lady!: A Humorous Survival Guide For The Reluctant Investor by Sheila Peters is a practical, tip-filled compendium of the "need-to-know" basics of the money market. From the pros and cons of buying mutual funds, to what to watch out for from the stock market, to gaining and evaluating financial information from the Internet, You Don't Have To Be A Bag Lady! blends practical advice with tongue-in-cheek humor ("The only real money secret that men don't share with women is that many of them are just as confused.") As enjoyable to read as it is valuable and accessible to people of all ages and financial backgrounds, You Don't Have To Be A Bag Lady! is especially recommended reading in the context of today's turbulent and volatile stock markets.
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