The Kitchen-Table Investor: Low-Risk, Low-Maintenance Wealth-Building Strategies for Working Families

The Kitchen-Table Investor: Low-Risk, Low-Maintenance Wealth-Building Strategies for Working Families

by John F. F. Wasik
     
 

Finally, a time-tested, low-stress investment strategy for the rest of us.

Despite all the media hoopla about manic day traders, tech-stock speculators, and teenage millionaires, most Americans have neither the time nor the inclination to play games with their hard-earned savings. This sensible guide is for the millions of average investors — from new wage

See more details below

Overview

Finally, a time-tested, low-stress investment strategy for the rest of us.

Despite all the media hoopla about manic day traders, tech-stock speculators, and teenage millionaires, most Americans have neither the time nor the inclination to play games with their hard-earned savings. This sensible guide is for the millions of average investors — from new wage earners to single moms to middle-age workers anticipating retirement — looking for easy-to-execute, money-making investment strategies. Targeting households with annual incomes below six figures, personal-finance writer John F. Wasik explains how to:

—find extra cash each month to save and invest

—learn from the commonsense tactics of local investment clubs

—take advantage of dividend-reinvestment and direct-purchase plans

—maximize 401Ks, IRAs, and other retirement plans

—select the right mutual funds, government securities, or time-tested stocks

—commit to a strategy and let the money do all the work

Based on proven techniques that minimize risk, stress, and the demands on one's time, The Kitchen-Table Investor contains all the tools investors need to build a safe, secure nest egg.

Read More

Editorial Reviews

Publishers Weekly - Publisher's Weekly
Wasik, special projects editor for Consumers Digest and author of eight other books, suggests sound investment strategies for households netting less than $100,000, such as joining an investment club and capitalizing on employer-sponsored retirement plans. This user-friendly guide is peppered with chatty anecdotes and "kitchen table tips" (among the best is a list of "25 More Ways to Automatically Save for Investments"), as well as chapter summaries and a guide to financial resources online. (Jan.) Copyright 2000 Cahners Business Information.
Library Journal
Consumer Digest editor Wasik aims his low-key investment book at working folks who have few dollars but are willing to do their own investing. He begins by showing how to squeeze savings from daily life to build a nest egg that can be placed in Money Market accounts as a holding area until there is enough to enter the market. For those saving as little as $10 per week, he recommends investment clubs, detailing how to establish one and how they should run. He preaches thrift, fiscal discipline, reducing costs, and determining your own values and strongly believes that improving one's personal finances leads to personal freedom. Good, simple definitions of IRAs and other investment instruments will help new investors. Wasik also includes 15 pages of annotated web sites, though he views the web as a tool only, not the principal investment medium. Public libraries are recommended in every chapter as a key resource for the intelligent investor. While not as detailed as many basic investment primers, this book offers clear writing, pertinent examples, and sound advice. The price and the focus on the small investor make this a recommended public library purchase.--Patrick J. Brunet, Western Wisconsin Technical Coll. Lib., LaCrosse Copyright 2000 Cahners Business Information.

Product Details

ISBN-13:
9780805066234
Publisher:
Holt, Henry & Company, Inc.
Publication date:
01/04/2001
Edition description:
First Edition
Pages:
224
Product dimensions:
5.56(w) x 8.26(h) x 0.60(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >