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smart investing

Book Reviews

Learn How To Invest In The Stock Market

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 by Marius Skonieczny

If you have been thinking about investing in the stock market in order to achieve your medium and long-term savings goals, I would highly recommend that you read Why Are We So Clueless about the Stock Market? .  It’s well organized, easy to understand, and provides charts and graphs as well as examples in order to illustrate the main points outlined.

The author discusses the importance of doing research before simply selecting stocks to invest in.  The book talks about the process of determining the value of a given stock and provides clear instructions on how to determine whether or not a company is a sound investment choice.   The book emphasizes that there is no use in spending a lot of time researching a given company unless it meets certain criteria.

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Investing

Investing For Later When Times Are Tough

There is nothing quite like tough economic times to bring frugality into brilliant focus. Survival issues drive every decision. Priorities suddenly assume an importance beyond what was ever thought possible. Health issues give way to paying the rent or putting food on the table. The price of gasoline reduces driving a car to when it is only absolutely necessary. Clothes and furniture are now luxury items that must be put off. And then you are reminded of saving for retirement. Surely, that can be put off, too?

Unfortunately, time is not on your side when you put off saving for your future well being. The price for living an older life with dignity keeps increasing, right along with everything else, and probably more so due to the hyperinflation in the medical industry. Social Security may only supply 40% of your desired retirement income. You will need additional savings, and the best time to start is always now, even if economic times are tough.

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Investing

Why Inflation Matters

Inflation, the ever -increasing cost of everything over time, makes a significant impact on your savings.  In a normal, healthy economy, the inflation rate usually hovers around 3%.  Essentially, everything goes up in value except your money.  This is an important concept to understand as inflation impacts your purchasing power.

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Book Reviews

Book Review Of What Works On Wall Street

What Works On Wall Street; A Guide To The Best-Performing Investment Strategies Of All Time by James P. O’Shaughnessy

What Works on Wall Street is an in-depth book discussing how to successfully invest in the stock market whether by choosing individual stocks or by investing in mutual funds.  It is written by a professional investor and portfolio manager who has performed studies of 52 years of stock market history and has developed solid investment strategies based on his research.

It is highly informative and contains many historical charts indicating stock market performance and much more.  If you have always wanted to learn more about investing in the stock market, then this book is for you.  It will take you some time to get through it as it is almost 400 pages long, but even if you skim through it, you will be sure to benefit from it.

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Book Reviews

Book Review Of Investing For Canadians For Dummies

Investing For Canadians For Dummies 3rd Edition by Eric Tyson, MBA & Tony Martin

I think it is really important for all of us to learn as much as we can about investing so that we are fully informed when we make our investment choices.  It’s good to know the difference between a stock and a bond and how a mutual fund works.  If you are like me, and want to learn more about investing, diversification, and establishing financial goals, I would highly encourage you to read Investing For Canadians For Dummies.

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