Moneywise : Your Guide to Keeping Ahead of Inflation, Taxes, and the Declining Dollar

by Kraut, Charles

• ISBN13: 9781607993360
• ISBN10: 1607993368
• Format: Paperback
• Copyright: 2009-09-01
• Publisher: Tate Pub & Enterprises Llc
• More Book Details
• Purchase Benefits

Summary

The world of personal finance is changing every day. Do middle-class families have any hope of weathering the storm to protect their savings from the shrinking power of the dollar? They do now. InMoneywise: Your Guide to Keeping Ahead of Inflation, Taxes, and the Declining Dollar, author Charles W. Kraut reveals principles of saving, investing, and avoiding financial doom that fly in the face of conventional Wall Street wisdom. Learn how to stop relying on the advice of people who are paid to represent others' interests, and get some of those same people to work for yours. Money, or its absence, governs every aspect of our lives, and wise stewards can accomplish more in life. Moneywise will help American families learn specific skills they can put into practice every day, give them a better perspective on the world of finance, and have new confidence their ability to improve their situation.

Author Biography

Charles W. Kraut, MBA, has over a quarter-century of experience helping families who thought they had no money to save and invest. He has been sharing his personal finance principles and strategies with his clients through his Wealth Creation and Preservation newsletter for many years. Charles often shares advice in his articles weeks and months before Wall Street picks up on the same ideas. His outstanding track record as a money manager is a result of his more than thirty years of research which has taken him to more than thirty-five countries around the world. Charles lives in Lexington, Virginia.

Table of Contents

Introduction	p. 9
How This Book Is Organized	p. 17
The Wealth Creation Way	p. 19
Why should you manage your money?	p. 23
Why invest?: The importance of reducing your dependence upon government and becoming more self-reliant in financial matters, particularly retirement	p. 25
Three: The Five Is	p. 29
The Basics	p. 43
What is a "financial professional"?: The financial services industry is very different from most professions. Here are the reasons why millions of Americans don't get what they pay for	p. 45
Guaranteed to Win: How Wall Street Takes More People for More Money Than Las Vegas Ever Will: Who derives the greatest benefit from creating and maintaining "free and fair capital markets?" Hint: it isn't you	p. 63
What You Don't Know-How to Get The Right Amount of the Information You Need.: A brief overview of the myriad sources of information available to investors, with some suggestions regarding their value and usefulness	p. 75
"Do It Yourself"	p. 81
Tools and Techniques	p. 101
Saving More and Spending Less: Most Americans lack the discipline to put money aside regularly. Here are some ideas you may find useful	p. 103
Making It Grow: Stocks, Bonds, Mutual Funds, and ETFs: The value of opinions and the basics of common investments: stocks, mutual funds, ETFs, bonds, and options	p. 115
Making It Grow: Options and Leverage	p. 131
Making It Grow: Commodities	p. 143
Making it Grow: Precious Metals, Gems, Real Estate, Art, and Collectibles	p. 147
SIR	p. 169
Risk and Reward	p. 175
Understanding and Managing Risk: The nature of risk and how our investment decisions are or should be affected by it	p. 177
Analyzing Investments: tAn introduction to fundamental and technical analysis	p. 183
"This Time It's Different": Are there rules in investing that always apply? Were there any in the past? What's different about the world today, and how will it affect your money?	p. 193
Keeping ahead of Inflation: In personal finance, the single most important risk we face is that of not increasing the purchasing power of our money.	p. 199
How do you figure out what to buy?: When the financial plan is complete, investment decisions need to be made.	p. 213
Trading and Investing: The differences between trading and investing.	p. 225
Tax Avoidance Is Legal; Tax Evasion Is Not	p. 245
Protecting Yourself	p. 247
Creating a Brighter Future	p. 251
Participating in the Global Economy	p. 253
Gallery	p. 259
Appendix	p. 285
Links	p. 287
A Brief History of Money	p. 289
Bibliography	p. 293
Recomended Reading	p. 297
Index	p. 299
Endnotes	p. 317
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