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Mary Farrell's Beyond the Basics: How to Invest Your Money, Now That You Know a Thing or Two
Release Date: April, 2000
Publisher: Simon & Schuster
Although it may sometimes seem that there are more investment books than investment opportunities, it's still unusual to find one written for those who possess more than a passing knowledge of fiscal matters but without graduate degrees in finance. Anyone who fits this description should now take heed, however, because Mary Farrell's Beyond the Basics fills this void quite nicely. The respected financial advisor--and regular guest on television's Wall $treet Week--offers solid advice for readers who know "a thing or two" about money matters but want to learn more. It opens with a lengthy recap of the basics needed to form a sophisticated investment strategy and concludes with discussions on investing for children and rethinking retirement. But it is the middle of this guide that really sets it apart: Farrell fully explains the development of a diversified portfolio that matches financial needs with acceptable risk. She begins with securities, suggesting that choices meeting individual criteria should come from growth stocks (where potential will increase with "low inflation, slow growth and moderate interest rates") that represent large-cap companies (offering exposure to critical markets) and embrace one of two major economic trends (the aging of baby boomers or technology). She also addresses bonds, describing how to "play a neutral market" and utilize "laddering" to flatten interest rate volatility, as well as mutual funds, which can be incorporated to balance portfolios or tap "off the beaten track" opportunities. --Howard Rothman
||Simon & Schuster
||0.9 x 6.2 x 9.6 in.
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Posted by Rolf Dobelli on 6/27/2001
Mary Farrell, an investment strategist at PaineWebber, advises investors to put their money in large cap stocks, because they will beat small caps. Why? Large firms have spent heavily to reap the productivity rewards from technological advances. And large caps' earnings and sales will continue to outpace small caps, in part because of big companies' exposure to international markets. Low inflation and interest rates also boost large caps. Aside from this advice, Farrell's investment guidebook offers few specific suggestions. Rather, she writes, investors must determine their own goals and risk tolerance. Farrell gives easy-to-follow explanations of stocks, mutual funds, and bonds, along with an outline of estate planning. In spite of its title, this book is too rudimentary for expert investors. Still, because it contains useful information, we at [...] recommend it to personal investors who are trying to make sense of Wall Street. (Note: Most investments cited are specific to the United States.)
Posted by kim on 5/10/2000
Money magazine (and the other reviewer) were right and these two books will give you the needed money knowledge. "Beyond the Basics" gives useful investing advice.
Money's other pick, "Simple Money Solutions: 10 Ways You Can Stop Feeling Overwhelmed By Money and Start Making It Work For You," by Nancy Lloyd fills in the rest of the picture.
I strongly recommend both books because they work well together!
2 great Money magazine recommendations
Posted by Tess on 5/6/2000
"Beyond the Basics" gives insightful advice on choosing investments. But I also had other money matters to resolve, such as credit card debt, student loans and a large mortgage competing for my income.
Money magazine's other recent recommendation, a book called, "Simple Money Solutions: 10 Ways You Can Stop Feeling Overwhelmed By Money and Start Making It Work For You," is also helping me with these other financial issues.
Together these books will answer all your money questions and help you achieve financial freedom!