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Title: The Ultimate Safe Money Guide: How Everyone 50 and Over Can Protect, Save and Grow Their Money by Martin D. Weiss ISBN: 0-471-15202-1 Publisher: Wiley Pub. Date: 18 January, 2002 Format: Hardcover Volumes: 1 List Price(USD): $24.95 |
Average Customer Rating: 3.68 (25 reviews)
Rating: 5
Summary: It's the Ultimate Money Guide
Comment: This excellent book is more than just about investing. I found the chapters on health insurance and long term care insurance outstanding. I have subscribed to Dr. Weiss's newsletter for several years and it is excellent. If you have any doubts about his expertise,...Martin Weiss just tells it like it is in easy to understand language...
Rating: 4
Summary: Not all good and not all bad
Comment: 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: 4
Summary: Are small gains really a loss?
Comment: If you are going to look back and worry about big gains that you did not make, this may not be the book for you. If you hate losses, Martin Weiss could help you.
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