A wily stock market strategy presented in an informative, if somewhat muddled, manner.
Financial advice from a longtime investor focuses on stocks that sell for less than $10 per share.
For investors who want to buy individual stocks, Carach has an intriguing proposition. Why not consider cheap stocks rather than the more common blue chip ones? A former real estate appraiser and lifelong investor who wrote Forty Years a Speculator (2007), the author calls stocks selling for less than $10 per share “the most ignored and detested sector” of the market—but this has not stopped him from pursuing them for decades and making a tidy profit. For the first 100 or so pages of this book, Carach shares his observations about the market and his “conviction-contrarian” philosophy of investing: buying low-cost stocks “when they are being hammered into the gutter” and holding them for “at least two to five years.” This early material provides intriguing insights into how the author invests, but it is unevenly written and highly repetitive (a fact Carach acknowledges; he apparently collected previously penned articles and included them as chapters). The second half of the book moves from the general to the more specific as the author delves into several market sectors, including mining, oil and gas, high tech commodities, gold and silver, and real estate investment trusts. He assesses some of these sectors as well as the American economy in blunt style; for example, he asserts, “The next chapter in the history of gold and silver will be written in Asia where it is adored and not in the west where it is scorned and regarded as a barbaric relic.” Carach lists some of his favorite stock picks with only spotty details about them. Readers may, of course, regard these choices as recommendations, but he cautions investors to do their homework: “Research your stocks before and not after you buy them. Diversify broadly, no more than 5% in any position, and the riskier the play the less of your money should be in it.” While some of the prose seems amateurish, the author’s unorthodox investment advice may spark serious interest.
A wily stock market strategy presented in an informative, if somewhat muddled, manner.Pub Date: Dec. 17, 2019
ISBN: 978-1-67674-617-1
Page Count: 216
Publisher: Self
Review Posted Online: April 6, 2020
Kirkus Reviews Issue: May 15, 2020
Review Program: Kirkus Indie
A powerful wake-up call for anyone hoping to retire with financial security.
A study of why men’s wealth outweighs women’s, and a guide to evening the scales.
Bondi, a former director at Microsoft, cofounder of software and mortgage companies in California and mother of four, combines reams of disturbing labor and economic statistics with the acumen honed in her various leadership roles in this book-length call for financial equality. Though the author primarily speaks to women, her overarching theme applies to all: “Creating residual income from investment is the only way to wealth regardless of gender.” Bondi considers wealth a must for the emotional security and physical freedom it affords, and offers compelling arguments as to why women should heed her advice. Women now comprise the majority of college students, have higher GPAs across the board and a greater likelihood to complete graduate education within ten years of finishing college than their male counterparts. But they earn on average 76 cents for every dollar paid to men, dominate eight of the ten lowest-paying professions in the United States and experience a decrease in salary for every child they have that is exactly proportionate to the salary increase men obtain when venturing into parenthood. For these and many other reasons, Bondi argues that women must seek sources of income apart from their jobs and break the damaging cycle of financial dependency. Unfortunately, she writes, the three most common ways women obtain residual income–through an inheritance from a father or husband, divorce alimony or welfare–will “make the modern, liberated woman’s stomach turn.” Better sources of residual income, Bondi says, come from investing in “real estate or being part of a business that you only stop by occasionally to manage.” While those seeking explicit means to better their economic ends may be disappointed, Bondi outlines some realistic financial goals that individuals can tailor to their situations.
A powerful wake-up call for anyone hoping to retire with financial security.Pub Date: Jan. 31, 2007
ISBN: 978-0-595-41031-6
Page Count: -
Publisher: N/A
Review Posted Online: May 23, 2010
Review Program: Kirkus Indie
Recommended reading for all soon-to-be college grads.
A valuable collection of financial, business and personal wisdom for the undergraduate preparing to enter the work world.
Wallace is an American business success story. During a decades-long career, he worked his way up the corporate ladder to hold high-level positions at General Motors, Electrowatt and the ITT Corporation. Later, he took on a position at Stonehill College as a professor of business administration. Here, he condenses all of the experience he gained in his rise to the top in producing a worthwhile how-to guide for graduating college seniors. Much of the material derived from his university seminar for business majors.) The book features a helpful blend of common wisdom and hard facts. It contains chapters on general topics like choosing a career path and more specific entries on intricate subjects like the liquidity of various types of financial assets. Wallace’s nimble prose style allows him to address both with ease. He is folksy but seldom platitudinous when dispensing personal insights, and he is direct and precise when explaining the technical aspects of financial strategy. Other useful chapters include information on developing a budget, borrowing money and investing funds. The author breaks up his prose with helpful diagrams and charts illustrating key ideas. His summary of various management styles, however, will be of little immediate use to the college student searching for an entry-level position, except in the new employee’s assessing of his or her boss. But it also never hurts to think ahead.
Recommended reading for all soon-to-be college grads.Pub Date: Dec. 12, 2007
ISBN: 978-1-58348-107-3
Page Count: 120
Publisher: N/A
Review Posted Online: May 23, 2010
Review Program: Kirkus Indie
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