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Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker
 
 
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Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker (Hardcover)

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Key Phrases: earnings side, insider selling, general marketplace, Wall Street, United States, Red Flag (more...)
4.2 out of 5 stars  See all reviews (60 customer reviews)

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Frequently Bought Together

Customers buy this book with The Passion Test: The Effortless Path to Discovering Your Life Purpose by Janet Bray Attwood

Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker + The Passion Test: The Effortless Path to Discovering Your Life Purpose
  • This item: Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker by Natalie Pace

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Editorial Reviews

Review

Joe Moglia, Chairman, TD AMERITRADE
"I have often said that nobody cares more about your money than you do. Natalie does a terrific job of explaining how and why you should be taking more responsibility for your own financial well being."


Mark Victor Hansen, co-author of the "Chicken Soup for the Soul "series
"Natalie's brilliance rocks! Allow her financial wisdom to permeate and give you your freedom."


T. Harv Eker, author of the "New York Times" #1 bestseller "Secrets of the Millionaire Mind"
"There's no reason why people can't be generous, compassionate, loving and really, really rich. That's Natalie Pace. She skyrocketed from poverty to America's #1 stock picker. Now this gifted teacher is sharing her techniques so you can skyrocket, too!"


Michael Bernard Beckwith, one of the inspiring teachers featured in the #1 "New York Times" bestseller "The Secret"
"Natalie takes the mystery and confusion out of personal finance.... Whether your current financial means are modest or substantial, her time-tested, hands-on, interactive and intuitive methods of successful investing will assist you in dissolving your money obstacles."


Dr. Gary Becker, Nobel Laureate, Economics, and winner of the Presidential Freedom Award
"I recommend this well-written book by Natalie Pace with enthusiasm." --This text refers to an out of print or unavailable edition of this title.



Review

Joe Moglia, Chairman, TD AMERITRADE
"I have often said that nobody cares more about your money than you do. Natalie does a terrific job of explaining how and why you should be taking more responsibility for your own financial well being."


Mark Victor Hansen, co-author of the Chicken Soup for the Soul series
“Natalie’s brilliance rocks! Allow her financial wisdom to permeate and give you your freedom.”


T. Harv Eker, author of the New York Times #1 bestseller Secrets of the Millionaire Mind
“There’s no reason why people can’t be generous, compassionate, loving and really, really rich. That’s Natalie Pace. She skyrocketed from poverty to America’s #1 stock picker. Now this gifted teacher is sharing her techniques so you can skyrocket, too!"


Michael Bernard Beckwith, one of the inspiring teachers featured in the #1 New York Times bestseller The Secret
“Natalie takes the mystery and confusion out of personal finance…. Whether your current financial means are modest or substantial, her time-tested, hands-on, interactive and intuitive methods of successful investing will assist you in dissolving your money obstacles.”


Dr. Gary Becker, Nobel Laureate, Economics, and winner of the Presidential Freedom Award
“I recommend this well-written book by Natalie Pace with enthusiasm.”


Midwest Book Review
“Put Your Money Where Your Heart Is is just what some readers may need to find themselves exponentially richer in the coming years.”


Product Details

  • Hardcover: 288 pages
  • Publisher: Vanguard Press (December 23, 2008)
  • Language: English
  • ISBN-10: 1593154917
  • ISBN-13: 978-1593154912
  • Product Dimensions: 9.1 x 6.3 x 1.1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (60 customer reviews)
  • Amazon.com Sales Rank: #820,883 in Books (See Bestsellers in Books)

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Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker
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Average Customer Review
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3 of 3 people found the following review helpful:
3.0 out of 5 stars Is there a Better Way to Invest?, January 8, 2009
Investments have not performed well at all in the past year, thanks to the financial crisis and other factors. Because of this, it isn't surprising that many books are being published about the crisis and about ways to make better, savvier investment choices. One of the many books published on investing is this, Put Your Money Where Your Heart Is. It was written by a woman who has made a name for herself for picking winning stocks and she feels that, with the right guidance, you, too, can pick tomorrow's star financial performers by taking a slightly different approach than that commonly recommended by other investment professionals.

What makes this book's plan so special? Well, most of what the book recommends is actually nothing new or earth- shattering. The book recommends buying low and selling high, seeking out companies who are leaders in their respected businesses and loved by their customers, not putting all of your investments in the stock market, etc. These are all sound strategies for investing, and many others have recommended exactly the same things. Where the book moves in different directions from conventional wisdom is when it offers advice on investing in things you love and when it offers advice on how to allocate your income among different categories. The first piece of advice is to invest in what you are most passionate about. The author's theory is that the things you love and enjoy most are going to make great choices for investing because, if your heart is already in the right place, then great things will follow. This is different from what most financial professionals recommend, and it isn't necessarily the soundest advice on making the best investments.

With personal finances, this book once again deviates from the advice normally offered by investment professionals. The author recommends dividing money up as follows: Ten percent to charity, ten percent to education, twenty percent toward entertainment and recreation, ten percent on investments, and fifty percent spent on ALL living expenses (debts, food, gas, clothing, and other essentials). Instead of paying the bills and paying down debts with high interest rates before doing anything else, this book recommends the opposite: Spending the money on yourself first, and paying the bills and essential expenses last. The book also recommends downsizing or finding new ways to earn income if living expenses are presently greater than fifty percent in order to get below this threshold and enjoy life.

Author Natalie Pace is certainly enthusiastic as she writes and she does seem to have a genuine desire to help others succeed. But the advice in Put Your Money Where Your Heart Is cannot be taken completely seriously by most individuals. The allocation of money mentioned in the previous paragraph is one good example. This proposed breakdown is certainly something that many should strive for and I can agree that her formula for spending and saving is one that would make most people feel very happy and content. But it seems a little unrealistic to me. Most people already spend more than fifty percent of their take home pay on basic expenses and there is little or no way to reduce these expenses very much. The author, however, makes it sound relatively easy- like anyone can do this. She doesn't offer an alternative plan, so I can only assume that she is sticking to her theory that anyone can adjust their lifestyle to fit this allocation model. She mentions, for example, moving into a smaller home or getting a roommate to share expenses, but these options are not practical for every person. I also question her advice on giving ten percent of take home pay to education and ten percent to charity. Again, this sounds nice and it is very generous. But this seems like a little bit too much to me. I don't know many people who can afford to give up ten percent of their income for education and another ten percent for charity. Most families would be forced to take the money from essential living expenses if they tried to accomplish these goals.

In addition to the problem I have with the advice on personal finances, some of the material in this book is over- simplified and a little misleading. For example, there is one section in the book where the author is talking about what an investor with one hundred thousand dollars in debt should do if they inherited one million dollars. One could pay off the debt, but the author recommends that instead the person invest the money because if they can earn ten percent, they would gain one hundred thousand dollars which could then be used to retire the debt, leaving the one million dollar principal intact. Anyone with minimal experience working with debt knows that this is a misleading statement because it fails to consider the interest on the debt. In reality, most consumer debt demands greater than ten percent interest. And if that is true, then paying off the debt would actually be better than investing now and paying the debt later.

Another thing I do not like about Put Your Money Where Your Heart Is would be its tendency to scatter its material. Others have criticized the book for the same reason, and this is certainly a valid criticism. One moment, the book is talking about options investing. Then, it is giving a rundown on the warning signs that Enron's management was involved in shady practices. Then, it talks about investment in times of war and terrorism. Some more continuity and organization would have made this a better book. It would also benefit from some more specific guidance on investment choices, and how to make the best possible choices.

In spite of the flaws mentioned above, there are, however, some good points to mention with this book that make it worth a look. First, I like the book's writing style and its advice on having fun and not pinching pennies when it comes to enjoyment. I can also agree that many people have over- extended themselves when it comes to debt and their personal residence. Many should try to find ways to cut back, but what I don't like is how the author makes all of this sound so easy. If it was really this simple, I think people would already be doing many of the things she mentions in the book.

Many want to dispense Investment advice and hundreds of authors are certain that their method is the best for choosing stocks and enjoying a lifetime of prosperity. This book does, indeed, offer some good advice, but the good is partially cancelled out by the book's several misleading statements. Investing in what you are passionate about does not guarantee great returns and the financial talk in this book seems to be a little too geared toward emotion than practicality. However, I did like some of the general advice in this book enough to give it a slight recommendation. It isn't the best book in its class, and a rewrite and reorganization would make it better. But it does offer some good general tips on investments and other related topics.

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2 of 2 people found the following review helpful:
4.0 out of 5 stars Good advice mixed in with poor writing style., January 25, 2009
I followed a piece of advice in this book and made more than the cover price (see the calendar trends chapter). So in all conscience I cannot say this book is bad. Though the book may not be the best I've ever read, it does have nuggets in it.

Fundamentally the message of the book is "get involved with your investments because no one has your interests at heart more than you." Given recent events (Bernie Madoff, Banking System Meltdown, the Housing Market and 401k values) this is now obvious and sound advice. She suggests understanding where you're putting you're money and gives you a simple 4 question score card to use. How well you seek to get answers to those questions will effect your returns.

Making money in the markets involves work and over the long term is hard. We can all benefit from market rallies without thinking too hard, so it seems like easy money. However keeping those gains requires effort and discipline. This is the tricky part that Natalie tries to help with.

There's a lot of "I said buy/sell ... and I was right" in the book, to try to convince the reader the advice is good which I found a little irritating. I don't think she needed to do that as I think the advice stands by itself. I did notice that every stock pick story ends with the 2007 or earlier result, so I'm not sure how she has done recently.

It's an easy read for those new to investing, and if you don't mind a little trumpet blowing you should come out ahead on the purchase. Buy.
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2 of 2 people found the following review helpful:
5.0 out of 5 stars Great idea, January 1, 2009
By Bunson Honeydew (White Plains, NY) - See all my reviews
  
I never heard of Natalie Pace before I read her book. Wow. It is inspiring, although her view for buying what you know and love isn't knew. She does give credit to Peter Lynch and Warren Buffett for that philosophy.

What I did like is her straight language and no nonsense approach to investing. I agree with her position that new industries are great to invest in after the initial crash.

I also respect her compassion, and her belief of being generous. It's nice to hear that making money is not evil. The question is what do you do with it.

Interestingly, I love how she outperformed the stuffed shirts. This is important because investments are not always rational. Sometimes sheer common sense and homework is more important than the know-it-all talking heads on boob tube.

I am going to implement her strategies and worldviews in my personal life, and I hope I'll be rewarded. So will the charities I intend to tithe to as the money comes in.

This is not your typical investment book. This is an investment plan guide for your life.
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Most Recent Customer Reviews

2.0 out of 5 stars Good theory, but lacks clear instruction for specific techniques she suggests
I really really loved this book, until I tried to follow her instructions on picking stocks and etfs. Read more
Published 1 day ago by Tristan Heberlein

3.0 out of 5 stars Casual, intuitive way to think about investing, but will it be successful?
This book contains many of conventional wisdom about investing, and written in rather accessible way to lay people. Read more
Published 1 month ago by Ryuji Suzuki

5.0 out of 5 stars Natalie sets the pace
Natalie Pace is nothing short of amazing. She understands money as it is meant to be understood. She realizes that money is a means to an end and that end is enjoying one's life... Read more
Published 2 months ago by Phlogiston

5.0 out of 5 stars Just what some readers may need to find themselves exponentially richer in the coming years
Wealth is the state of being set for life and not panicking for your next paycheck. "Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth" is a collection... Read more
Published 6 months ago by Midwest Book Review

5.0 out of 5 stars A Financial Must-Read
Natalie Pace's book inspired me to recognize brokers for what they really are, how to manage my own funds correctly and to have an understanding that not only can I control my... Read more
Published 6 months ago by B. Brown

4.0 out of 5 stars .
....tbd
Published 7 months ago by Joanna Daneman

5.0 out of 5 stars Practical, Sensible
A lot of what Natalie Pace advises is common sense - but then, not a lot of us have common sense when it comes to picking stocks! Read more
Published 7 months ago by Lissa Coffey, Host of coffeyta...

2.0 out of 5 stars Not an appealing book to read
Let me be quick not to condemn the author for the poor writing, numerous grammatical errors, and slipshod design and layout---all of those faults rest squarely on the shoulder of... Read more
Published 7 months ago by loce_the_wizard

4.0 out of 5 stars an excellent read on investing whether you're a beginner or even an expert
www.bookishlyreviews.com

I have to be a bit honest here and admit that a financial book isn't always my first choice off the shelf when looking for a good read,... Read more
Published 7 months ago by Meg

5.0 out of 5 stars Lots of great tips that are easy to apply
The book is an easy to understand read but is full of good tips about understanding the market. Her story of "rags to riches" coming out of a divorce is also encouraging and... Read more
Published 8 months ago by T. Wheatley

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