Make Money Work For You--Instead of You Working for It: Lessons from a Portfolio Manager - Hardcover

Thomason, William

Hardcover

ISBN 10: 0471465143 ISBN 13: 9780471465140

Publisher: Wiley, 2005

Synopsis

An invaluable primer to the world of investing

Money Lessons from a Money Manager speaks directly to the individual who wants to manage their own investment portfolio just like a professional portfolio manager would. Written by portfolio manager William Thomason, this comprehensive guide provides professional investment advice on how to identify, research and ultimately purchase profitable investments. The book covers such subjects as fundamental analysis, understanding financial statements and financial ratios, when to buy and sell, portfolio construction and various investment strategies that readers can use to manage their own money just like a professional portfolio manager. Easy to read and informative, this book is a valuable resource for readers looking to take their first steps in the world of professional portfolio management for themselves.

About this title

From the Inside Flap:

Have you ever wondered how professional Wall Street money managers make investment decisions? How do they know when to buy, sell, or hold their investments? How do they determine if an investment is profitable or not?

Every day, sensible investors like you make costly mistakes with their money. Some throw caution (and their hard-earned money) to the wind when they move on a stock tip or investment advice that is nothing more than rumor or speculation. Others, for fear of making a mistake, keep their money invested in mediocre stocks and mutual funds or worse yet, do nothing at all, simply because they don't know what to do or whose advice to trust.

William E. Thomason is a professional money manager. He manages traditional investments (like stocks and bonds) as well as alternative investments (like hedge funds and private equity). But, more importantly, he's an individual investor just like you--and through this easy-to-use guide, he wants to show you how to evaluate investments for yourself and construct a solid investment portfolio on your own.

In order to make profitable investment decisions, you need accurate information and the knowledge and self-confidence to act on that information. Make Money Work for You--Instead of You Working for It offers you all this and much more. Filled with real-world case studies, in-depth insights, worksheets, and valuable advice, this book covers important investment issues, including how to:

• Read financial statements and use financial ratios--even if you've never taken an accounting course in your life
• Perform fundamental analysis--to value companies and stock for what they are really worth
• Buy/sell (and even hold) using strategies the professionals use
• Use your "circle of competence" to accumulate "real" wealth
• Construct your own investment portfolio--which includes picking your investments, allo-cating and diversifying your assets, and assessing your risk level

So as not to interrupt the flow of the book, a detailed glossary has also been included. It covers important investment terms that you will come across on your road to becoming your own portfolio manager. Make Money Work for You--Instead of You Working for It proves you don't have to be a professional money manager to be a successful investor. With this book as your guide, you'll learn how to create your own investment portfolio and accumulate your own wealth--so you can achieve your own personal financial goals.

From the Back Cover:

PRAISE FOR
MAKE MONEY WORK FOR YOU???―??? INSTEAD OF YOU WORKING FOR IT

"Whether using a broker or going it alone, successful investors today are required to understand how companies work and make money. This book provides a solid basis for investors to stay on track, even in times when markets are seemingly irrational. Focusing on the fundamentals is an excellent strategy for maintaining the discipline required to accumulate wealth."
―Salene Hitchcock-Gear, President and CEO, Ameritas Investment Corp.

"Make Money Work for You . . . is a must-read for both experienced and new investors. It offers an excellent guide to fundamental analysis and trading strategies useful to investors."
―Francisco De Jesus, general partner, Pacesetter Capital Group

"Make Money Work for You is an impressive new book, written by a professional money manager. It brings the knowledge of Wall Street money managers to the average investor. When dutifully applied, the lessons in this book will help create a consciousness that can lead to economic self-empowerment."
―Mayor Willie L. Brown Jr., former mayor of San Francisco President of Willie Brown Institute, CalPERS Board of Trustees (member)

"After a rough and tumble opening to the current decade, the world of financial guidebooks could not ask for a more timely release than Bill Thomason's work. His guide brims with the type of common sense we would all love to get ahold of― the type of inside knowledge you would normally have access to only if you had a money-manager friend. Thomason provides valuable focus on the basics and gives his audience a well- focused understanding of the financial markets and ways investing and saving can make a difference in life. His book ranks high on my reading list."
―James Anderson, CUNY Journalism Professor and author of the Black Enterprise Guide to Investing

About this edition

• Publisher: Wiley
• Publication date: 2005
• ISBN 10: 0471465143
• ISBN 13: 9780471465140
• Binding: Hardcover
• Edition number: 1
• Number of pages: 304