THE OPTIMIST'S GUIDE TO MAKING MONEY IN THE 1980's by Jerome Tuccille

THE OPTIMIST'S GUIDE TO MAKING MONEY IN THE 1980's

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KIRKUS REVIEW

A worthwhile follow-up to the author's 1977 offering, Everything the Beginner Needs to Know to Invest Shrewdly. This time around, Tuccilie's concern is advanced financial planning for the next decade. His briefly stated premise is that by 1982-83 the investment climate will be appreciably more favorable, thanks to a moderating inflation rate, soundly based economic growth, and more stable relationships among the world's major currencies. Whether these predictions check out is almost beside the point; the author's comprehensive guidelines apply equally well to the difficult markets now in force. Among other recommendations, Tucille suggests selling call options to boost returns on common stock holdings and, when need be, hedging positions by purchasing put contracts. He also advises parking cash in money-market mutual funds to secure current yields higher than those available on passbook savings accounts. In addition, the author examines annuities, Individual Retirement Accounts, Keogh Plans, puts and calls, interest rate futures, and other investment opportunities that lie beyond the traditional securities pale. The coverage includes a score of so-called smart money plays ranging from art objects and autographs through precious metals and stamps. Particularly valuable are the detailed discussions of tradeoffs involved in choosing among different investments and the extensive use of model portfolios to document key points. Some silly names notwithstanding (e.g., Mario and Bridget Shapiro and their son, Mongo), a useful book for almost anyone with money to put to work.

Pub Date: Dec. 12th, 1978
Publisher: Morrow