The Morgan Stanley Dean Witter Guide to Personal Investing

Rating:
Summary: Morgan Stanley Dean Witter Guide to Personal Investing
Review: Outstanding primer for both the new investor and the more experienced investor interested in improving her/his investing savvy.

First, this book illustrates rather convincingly, how investing just a moderate amount of money consistently over a period of time, can build personal wealth beyond most people's highest expectations. Makes it clear that there are no "guaranteed, get rich quick approaches" but that by being patient and investing in any of a broad range of solid investments...."financial serenity" is definitely within reach.

Then, this book explains the basics of personal financial management; including life insurance, real estate, stocks, bonds, mutual funds, REITs, futures, annuities, 401k plans, IRAs and tips to help determine which is right for you. This explanation of the basics, provides a framework which can be used to help individuals determine which investment vehicles fit their personal financial profile/style, and how they can take the first steps in building a personal financial plan which can secure their future.

I would recommend this book to anyone interested in improving their financial position in life. It is written by one of the world's leading financial management experts in terms that anyone, from any walk of life/profession can easily understand.

Rating:
Summary: I felt like I should have paid the author for a class.
Review: The book is like taking a college course. The author is very good at explaining the information. He uses examples for most of the material. After reading the book I felt like I could someday reach financial serenity.