Kiss Your Stockbroker Goodbye: A Guide to Independent Investing - Softcover

Wells, John

Softcover

ISBN 10: 0767901789 ISBN 13: 9780767901789

Publisher: Broadway, 1998

Synopsis

It's a personal-finance mutiny: record numbers of individual investors are taking their portfolios into their own hands. Now that ordinary citizens can easily access investment information and trade shares, the magic wisdom of a broker is becoming an outdated myth. In this brilliant call to arms, John G. Wells exposes the truth: most brokers don't even match the average return of the stock market.

Wells's clear, accessible advice takes the mystery out of buying stocks and provides a detailed plan of action. For beginning and experienced investors alike, Wells simplifies the process and introduces all the tools needed to execute your own investment activities with tips such as:How to find and work with discount brokers Where to find the most reliable information, including hundreds of print and electronic sources Who to ask when you need advice, how much they'll charge, and why their advice will be less biased than a broker's A detailed directory of financial products and services A sound, easy-to-implement system for selecting stocks, bonds, and mutual funds Kiss Your Stockbroker Goodbye finally puts your finances in the hands of the one person who has a totally vested interest in your success: you.

About this title

Review:

Some 10 million Americans use full-commission stockbrokers today--and most of them are overpaying for under performance, writes analyst John G. Wells in Kiss Your Stockbroker Goodbye: A Guide to Independent Investing. However, Wells argues, a series of widely accessible alternatives now makes it easier to forego this always costly and often ineffectual investment route. He outlines the steps needed, and the resources available, to all investors who would rather serve as their own brokers.

From Booklist:

Wells is a certified financial adviser with 25 years of experience in the investment business, and he heads California-based Sentinel Asset Management. He begins here by recounting the legendary Wall Street fable wherein a prospective client questions the sight of all the brokers' and bankers' luxury crafts in the harbor by asking, "Where are the customers' yachts?" Wells' point is that commissioned brokers work for themselves, not their customers, and he provides here a thorough, helpful guide to alternative ways to invest. He profiles discount brokers and their services and explains how to use asset allocation to invest in stocks, bonds, and mutual funds. Throughout his book, Wells identifies hundreds of print and electronic information resources that the individual can use to investigate and analyze investments. He concludes with advice on working with fee-only professionals, those who provide services for a fee rather than a commission. Wells' book will be especially valuable to the novice investor, but his resource guides will help anyone who invests. David Rouse

About this edition

• Publisher: Broadway
• Publication date: 1998
• ISBN 10: 0767901789
• ISBN 13: 9780767901789
• Binding: Paperback
• Number of pages: 304