The New Rules of Personal Investing: The Experts' Guide to Prospering in a Changing Economy

By Floyd Norris and Gretchen Morgenson

Book Overview

America's most authoritative markets team reveals what lessons from the past still work, what received wisdom has expired, and how to create a winning portfolio for the long run Americans are now so involved in stocks that the value of investments in the market exceeds investments in our homes. Instead of relying on pensions and Social Security, baby boomers depend on investing for a secure retirement. And investing is cheaper and easier than ever before. But in the past five years, just as investing prowess has become essential, the rules of the game seem to have changed. How can investors safely and confidently play the markets when even George Soros and Warren Buffett admit they're at a loss? In chapters written exclusively and originally for this book, Gretchen Morgenson, Floyd Norris and other top markets correspondents of The New York Times offer today's smartest thinking on money and markets, helping readers chart investment strategies that will outlast the market's inevitable booms and slumps. They detail the changes in the market--and the opportunities and risks that await investors. They help the reader assess investment strategies based on goals, career, and stage in life as well as the shifting economy. And they provide indispensable analysis and tools for picking stocks, mutual funds, bonds, and international investments--including advice for limiting tax bills, one of the easiest, lowest-cost ways to improve investments. The New Rules of Personal Investing is the expert source demystifying the market for successful and intelligent financial management in the new economy.

• Format: Hardcover
• Language: English
• ISBN: 0805068147
• ISBN13: 9780805068146
• Release Date: January 2002
• Publisher: Times Books
• Length: 255 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.9" x 6.4" x 9.6"

Customer Reviews

Great book for present times

I saw this book in my library and decided to pick it up because the book is quite recent. I found that the book was easier to read. Not too complex and it talked about the bursting of the bubble, etc. I liked the section on evaulating stocks and the on analysts. I think it is a good read. Highly recommend.

New Rules of personal investing

I am most impressed with the overall content of this book. It provides the basics and reminds us why we should invest during this somewhat "nervous" time, and presents the options to do so in a straightforward, factual way. I appreciate the historical overview, but also this book is relevant since it's newly published and thus reflects lessons learned from 2000/2001 investment experiences. Experienced investors will find this a little too simple, beginners will struggle a bit, but for the majority of us who know just enough to be dangerous, the information and viewpoints are helpful. We purchased this book for our community library; I then bought a personal copy so I could highlight and mark up pages for future reference as I put my own financial plan together.