Like having a financial advisor 24 hours a day
¿The Complete Guide to Online Investing¿ by Michelle Hooper is just what it claims to be. From beginners to seasoned professionals, the information Hooper has collected and put into one volume is impressive. Though some professionals may know, or think they know, everything in the book, it is still worth a look. Some may learn something new. Others will find their memory on key concepts and ideas refreshed. The first chapter, ¿What is Investing?¿ lists nearly every type of investment that most people can make. From stocks and bonds to real estate investment trusts, it is all covered here. Though the first section has little to do with the online part of investing, it does give a great overview and background for new investors. Hooper expands on this information, or suggest ways to put it to practical use, in subsequent chapters. The next couple of chapters explain what types of investments a person can make and the places where they can invest. It provides a great overview of investment strategies and reviews key terms that many beginning investors may not be familiar with, but the investing community already assumes everyone knows. The heart of the book really begins in chapter 4, which gives a great overview of various financial and trading Web sites. Helpful navigational tools are provided with most of the Web sites reviewed, as well as a brief discussion on what information or tools it may provide. In addition, it discusses some Web sites offering very helpful and fun applications, such as investment calculators, for those who want to dream. Those who are interested in reviews of online brokers, both full service and discount, and reviews of other online services will not be disappointed. In addition to listing the advantages and steps needed to get started on these Web sites, Hooper also explains how to make sure a broker is reputable. There is also a helpful section on scams. Those wanting to check out a variety of firms will also find dozens listed, along with their Web site addresses. Replete with a significant number of personal stories, case studies and tips, Hooper writes in a very personable and conversational tone. Discussing Johnson & Johnson, at one point she notes, ¿Those guys make everything, and it is important that people have deodorants.¿ That folksy style is refreshing in the financial book market, which often discusses things most would need a doctorate degree to understand. There are some portions of the book structured awkwardly. For example, the first chapter is 90 pages long. That may seem rather intimidating to readers who are used to breaking up their reading by chapters. However, there are numerous subsections and subheads, which help break the information up into digestible chunks. The stories she relates are relevant to the subject matter she is discussing, demonstrating how there are practical applications for the ideas she is discussing. The success stories mentioned also offer encouragement to potential investors. ¿The Complete Guide to Online Investing¿ offers everything a beginning investor could want.
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Overview
The number of people investing online is increasing every year. This is due in large part to the advent of the necessary technology and the pervasiveness of computers. Online Investing: Everything You Need to Know Explained Simply will help you become one of the many people who have taken advantage of online investing and show you how to invest wisely. You will learn everything you need to know about market orders, limit orders, stop-loss orders, stop orders, day orders, good-till-cancelled orders, IPOs, DPOs, DRIPs, after hours trading, cash accounts, day trading, Electronic Communication Networks, liquidity, margins, margin accounts, margin calls, investment clubs, minimum maintenance requirements, and rates of return.