July 14, 2008

Good Book : Investing for Dummies


This is a review of Investing for Dummies by Eric Tyson. I have the 2nd edition copy dated 1999. They are now on the 4th edition and a 5th edition is due out soon.

When I reviewed Small Business for Dummies I commented that I like the Dummies series. Reading a Dummies book doesn't mean you're literally a dummy but its just a conscious admission that you have more to learn on a topic.

Investing for Dummies is by the same guy that wrote Small Business for Dummies. He covers overview and basics of investing as a Dummies book typically handles a topic.

Topics include overview of different types of investments, discussion of risks and rewards, stocks, bonds, mutual funds, real estate and small businesses. The book does a good job of pointing out things to avoid and giving tips on various topics. The books strength is that it covers a broad amount of information on investing from the bottom up. If you're brand new to investing or just know a little then Investing for Dummies is sure to have some valuable information for you.

Here is an interesting tidbit: When discussing risks in investing he points out that 8 times from 1890 to 1999 there were plunges in the stockmarket that 40% or more over 2-5 year periods.

I'd recommend getting a copy of Investing for Dummies if you are new to investing. I'd recommend looking for a more recent version than the one I have since it has gotten a little out of date. Look for the book in your local library or thrift stores.

No comments:

Post a Comment

I'm starting to get too many spam messages in the comments so I'm turning on moderation. Please be patient and wait for your comment to be approved. Note it may take up to a few days for approval, thanks.

Blog Widget by LinkWithin