Everything You Need to Know About Smart Money Investing in the New Wall Street. A worthy addition to the straightforward reference works that give investment. outsiders a taste of inside information. A financial columnist with the New York Times, Metz is a self-appointed champion of the so-called little guy with between $15,000 and $50,000 to invest. He provides guidelines--but no guarantees--on profit opportunities in common and preferred stocks, corporate and municipal bonds, tax shelters, and listed call options. Through his job, Metz has access to knowledgeable industry and regulatory officials. Starting from the premise that most investors can handle their financial affairs as well as any broker or consultant, he uses these sources to provide advice that is practical and frequently witty. There is, for example, a well-done chapter on reducing transaction expenses--even though the SEC's elimination of fixed commission rates resulted in generally higher charges for individuals and deep discounts for institutions. Metz also chronicles the wretched performance of mutual funds during the past decade and offers some sound reasons why these fallen angels should remain out of favor. Worthwhile as well are detailed sections on the often neglected art of selling one's holdings and on the means of avoiding securities that are vulnerable to institutional pressures. In sum, a recommended investment.