The New Scrooge Investing: The Bargain Hunter's Guide to Thrifty Investments, Super Discounts, Special Privileges, and Other Money-Saving Tips (Hardcover)

by Mark Skousen (Author)

Editorial Reviews

Product Description
Penny-pinching strategies to cut commissions, slash borrowing charges, get free stock tips­­and keep the savings! Compounded over 30 years, small investment cost savings today can add up to thousands of dollars tomorrow. The New Scrooge Investing takes up where the original edition left off, giving investors more than 120 tips to cut the cost of investing­­from no-commission stocks and low-cost borrowing techniques to mutual funds with rock-bottom management fees, free Internet stock tips, and much more. The explosion in on-line investing has opened a world of new cost-cutting possibilities for today's thrifty conscious investor and The New Scrooge Investing covers them all! Investors can look here for the latest trends and hottest bargains, including: Complete information for on-line discount stockbrokers. Guide to free investing information on the Internet. Tips to buying IPOs.

From the Back Cover

Over 150 tips and techniques to find undervalued stocks, cut commissions, slash borrowing costs, beat other investors to hot IPOs, and more!

"Most of the great investors are misers."­­Warren Buffett.

This billionairess advice is the most profound of personal finance maxims. Everyone loves a bargain and hates overpaying. The New Scrooge Investing is one of the most comprehensive books ever written on making and saving money, and paying only what is necessary for stocks, bonds, real estate, and gold and not a single penny more. By buying cheap and spending less, you put more money­­a lot more money­­in your pocket.

Look inside for these money making and money-saving techniques:

Comprehensive strategies on finding super bargains in stocks, mutual funds, bonds, commodities, real estate, and foreign investments - even initial public offerings! An exclusive survey of the best on-line discount stockbrokers for maximum service and minimum commission, plus an entire chapter on Scrooge techniques for trading on the Internet. Listings of the lowest-cost collectibles, art dealers, bank accounts, and more.

Keeping a tight rein on your investment expenses in nothing new. In fact, history's most successful businesspeople and investors - from John D. Rockefeller and J.Paul Getty to Warren Buffett and your rich uncle - have always been bargain hunters. Let The New Scrooge Investing show you how to invest shrewdly, develop a consistent savings and investment program, and build your net worth each and every day toward a healthy, prosperous financial future.

Product Details

• Hardcover: 233 pages
• Publisher: Mcgraw-Hill (March 9, 2000)
• Language: English
• ISBN-10: 0071355006
• ISBN-13: 978-0071355001
• Product Dimensions: 9.1 x 6 x 1.1 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 5.0 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #1,437,936 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars This excellent guide covers a huge spectrum of usable tips!, March 28, 2000

By	SF Scrutinizer (Earth) - See all my reviews

I have to admit I was a little surprised at the usefulness of the tips in this book. It covers so many areas with intelligent tips it really has changed my perspective about how to manage money. Thanks Mark! A book of this type can't cover incredible DEPTH on the various topics that are presented, but it does manage to get you thinking along the lines that can save you a lot of money. Some tips are common sense to people with a lot of experience, but there are surprising gems even for an expert. Some things were a little out of my league (I haven't started any offshore investment programs) but other things really hit home (some of the online/Internet information, for example). My experience is more Internet-related, and I can see that Mark can't cover EVERY red flag to watch out for, but he leads you down a path of figuring things out for yourself. Even for an experienced online user like me, he brought up some VERY good points, which I appreciate greatly. Overall, I think people of all levels of financial expertise will benefit to some degree with this book -- easily covering the cost of the book itself many, many times over! 5 stars!

10 of 11 people found the following review helpful:

5.0 out of 5 stars A Wonderful Update of This Classic for the Internet!, June 17, 2000

By	Professor Donald Mitchell "Jesus Makes Me a P... (Boston) - See all my reviews (TOP 10 REVIEWER)

This third edition of Scrooge Investing, titled The New Scrooge Investing, is a great update of a very valuable resource that I have been using for years. I was delighted to see that all of the things that I look for in other investing books (like to to get free investment advice, reliable hot stock tips, free trades, and cut taxes) are all covered in detail in this book.

Mark Skousen has a great sense of humor, and you'll love his references to Uncle Scrooge, the Disney character (his inspiration for this book). In fact, I have the same collectible set of Uncle Scrooge materials that he refers to in this book.

I feel like I am a knowledgeable investor, but I found new ideas worth tens of thousands of dollars to me in the next year in the 150 tips in this book. You will certainly be repaid for your investment in the book and the time you spend with it.

I have been a subscriber to Forecasts and Strategies for many years, and found that this book is a wonderful summary of the advice I have been paying for over that time. I suspect that I can cancel my subscription now and save even more money!

Here are a few areas where you can quiz yourself:

(1) How should you choose a discount broker?

(2) Why is a discount broker often a poor idea when you buy bonds?

(3) Why should you be looking at closed-end country mutual funds?

(4) How can you use the recent rise in interest rates to increase your income and your capital gains?

(5) How can you get into hot IPOs with discount on-line brokers?

(6) What are the best ways to buy rare art?

(7) How should you sell items on on-line auctions?

(8) How can you acquire foreign currency inexpensively?

(9) How should you approach day-trading on-line?

If any of these questions are ones that interest you, be sure to check this book out.

7 of 8 people found the following review helpful:

5.0 out of 5 stars Bah Humbug Indeed!, March 27, 2000

By A Customer

I thought this book was excellent. Skousen, editor of the financial letter Forecasts & Strategies, shows you the easiest and most effective way to increase your investment returns: lower your costs. He also points out how you can save money on insurance, collectibles, even art. I agree with Skousen. The internet and other changes taking place in the financial industry are allowing investors to control their financial destiny at a fraction of the former cost. This book is a virtual user's manual on how to do it. Well worth reading.