Items related to The Chestnut and Cedar Stock Report: Investment Handbook...
The first thing to hit your eyes when you see this book's cover is, "I can make 1.29 million in forty years! 2.87 million in fifty years!!" Wow! What? Forty years? Fifty years!? Whom is the author kidding? Will I be around for fifty more years? That's half a century, practically. Why would you, the young investor, think you need to plan ahead that long? Why indeed? The payoff is great - but investing $5,000 every year, and not touching your money for forty years? Fifty years? Is this really NECESSARY??? MORE THAN YOU CAN IMAGINE! The U.S. Census Bureau reports that the average life expectancy of the baby boomers is 74 years for men and 79 years for women, WORKING AN AVERAGE 40 YEARS. Just following the trend (by linear extrapolation) established in the last century, today's 25-45 year-olds, the "X" generation, will live an average of 101 years and 108 years respectively, AND SPEND 50-60 YEARS OF THEM WORKING. If you belong to the leading edge of the "Y" generation, starting off on your own, or looking for work, your chances of living for 120 years to ETERNITY are better than 80%. Don't believe me? Read "Fantastic Voyage: Live Long Enough to Live Forever" from Ray Kurzweil. Do you need the author's advice? You bet your savings!
"synopsis" may belong to another edition of this title.
From the Author:
The Chestnut and Cedar Stock Report's "Investment Handbook for Young Adults" is an introductory investment handbook written for young adults and students. It fills a much needed void in investment education. Today's young adults are interested in broadening their knowledge base for making insightful and successful investment decisions. The markets are a sophisticated and costly arena for mistakes. Learning through a "trial and error" approach is an expensive process that can be avoided by reading this book. In addition, people from all segments of the marketplace can learn how to avoid inappropriate investment decisions and can be successful investors. These include corporate professionals, military personnel, civil servants, technicians, as well as the self-employed. Everyone can benefit by this book.
From the Inside Flap:
Time itself is the best competitive advantage that young adults have in building wealth. Time wasted on bad short-term investment decisions is better spent on learning "the game" itself.
This book lays out in an easy and understandable manner the advantages and disadvantages of most financial instruments. The book is purposely written to be read in short increments and is intended to be part of everyone's permanent library.
Sincerely, Joe Spinella, CPA, MBA
Being young has a big financial advantage: The accumulation of money grows exponentially if you start saving in the early adult years. The dollar amounts need not be large; time will grow it for you. You probably have seen the banking advertisements: If you save $2,000 a year for 50 years at an 8.0% rate of return on your money, you can retire with $1.1 million. Save $5,000 a year and you'll amass almost $3 million. The principle behind this is called the Time Value of Money and is the underpinning of the author's message to you. Follow his advice and you shall have a financially secure future.
"About this title" may belong to another edition of this title.
- PublisherAil Newmedia Pub
- Publication date2006
- ISBN 10 1893798496
- ISBN 13 9781893798496
- BindingPaperback
- Number of pages192
- EditorBovenzi Donald
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