The Ultimate Safe Money Guide: How Everyone 50 and Over Can Protect, Save and Grow Their Money
Author: Martin D. Weiss
List Price: $24.95
Our Price: Click to see the latest and low price
ISBN: 0471152021
Publisher: John Wiley & Sons (18 January, 2002)
Sales Rank: 1,176
Average Customer Rating: 3.78 out of 5
Customer Reviews
Rating: 4 out of 5
Not all good and not all bad
There appears to be no possible middle ground between the extremes of opinion expressed by the various reviewers, but in fact, there is. In no particular order:
1) Weiss' severe scolding of, and warnings about, brokers and brokerages were in fact right on the money. He was proven correct by events that happened after he wrote about them. In fact, some brokerages and investment bankers were worse than he had described.
2) Yes, in fact he does sell several newsletters of the doom and gloom variety, but to his credit, does not peddle them in the body of the book.
3) Mentioned should be made of his description of using Treasury-only checking accounts for regular banking. It is quite useful.
4) Similarly mention should be made of his interesting strategy of investing in mutual funds, moving freely amongst the funds as other traders (e.g. me) would move amongst stocks. Maybe it is common knowledge, but it wasn't to anyone I know. I think this one I will try.All in all, for persons who read mostly conventional books for advice about stock trading, this book provides a very interesting perspective for traders of any age. And it can be had for less the the commission cost of a couple of trades :).
Rating: 1 out of 5
If you want sound investment advice, stay away!!!
I don't know whether Weiss is purposely trying to mislead his readers or whether he is so ignorant that he actually believes what he has written. Either way, readers would be best to steer clear of this book. Weiss' conclusions in Chapter 11 on Tax-Exempt Bonds is completely faulty and his 'advice' in that chapter is so off-base that it should be deemed criminal. In fact, it would almost be worth giving up our right to freedom of the press to get garbage like this off of the shelves - less people might be hurt. In my opinion, Weiss is no different than any other dishonest advisor trying to make a buck selling you bad advice and ignoring cost - he's just packaged it differently. God help anyone who takes his advice to heart.
Rating: 5 out of 5
Not just for seniors!
The title implies that folks 50 and over will benefit. As an avid investor, still younger than 50, I can attest that this is a survival guide for anyone wishing to trade in stocks through traditional brokerage firms.The book exposes the "technology bubble" of 1999 and 2000, showing the high-tech stock recommendations by the major brokers and analysts, while they were secretly selling off their own shares.
I was so impressed with this book, that I used it as a research source for an MBA course paper titled "Contrarian Investing - Riding the Manipulators' Coattails."
Awesome book. Don't buy another stock until you've armed yourself with this information!
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