Most Helpful Customer Reviews
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3.0 out of 5 stars
It's a good starter financial book, 20 Aug 1999
By A Customer
Let me start off by saying that I am offering my commentsfor the first time, so if mycomments resemble others, itjust shows some of us thinkalike. Jane Bryant Quinns book is a big book and it covers a lot of subjects. Readers should use this as a base and not as a cure all. As one person wrote, "It's like vanilla" Another point, this book was published in 1997 and therefore written probably back in 1996. A lot of changes have occurred in the financial world since then. Definitely needs updating. Edelmen is a fine author. I have his book and definitely would recommend it to anyone. However, like Quinns book, it was written some time ago. You don't want to be using outdated strategies. Concerning stock splits, if a stock splits 2/1 you have twice as many shares at one half the price before it split. That is simple math. What I have a problem with, is Quinn doesn't mention the growth potential of a stock split. Just run a chart on MSFT, DELL, AMTD, CMGI, AMZN INTC, LU, NITE & LCOS. Check how quickly they soared back to their previous share price and in many cases, split again and ran up again. The fact that Quinn leaves this very important item out, leaves me to believe that either she is misleading her readers or doesn't know what she is talking about. Splits flat out work, if you know what you are doing. Another thing that has me concerned about Quinn is that I have checked the other books that have been recommended by readers posting here and always see some sort of testimonial of how much the reader has saved or what it has done. With Quinn, even the people who give this book a five star rating say nothing more than "Good BOOK" "LEARNED A LOT" I have not seen anyone post anything specific here. Education is great, but what I want is results. I also want up-to-date education and that definitely seems to be missing here and I really have an issue with who really posted those 5 stars!
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4.0 out of 5 stars
A very comprehensive book, but..., 18 Aug 1999
By A Customer
Ms. Quinn has written a verygood and very large book. Theonly problem that I see is people (those who actually getthrough the whole book, studies show that most peopledon't get past the first twochapters) is that it leavespeople thinking, now what amI supposed to do? I think Ms. Quinn should haveincluded some type of fast start program in the appendix that gives suggestions on how to use and start with all of that educational material.A hint for her next book. Also, like some of the others I disagree with her comments on "stock splits" providing you are looking at the stock as a investment. It also depends on when you buy thestock in relation to the splitdate. You don't just get two halves (if a 2/1 split), if the stock is a high flyer, you buy a stock at a reduced price that may just double very quickly. Not get richquick and won't work every time--some stocks go into postsplit depression for a while. Look at some recent splitters like INTC, LU, MSFT, SUNW just to name four. They are now all at 52 week highs Go through Yahoo personal finance and click on splits and run a check on the stocks that have split. Also her comments about moneymarket funds as well as some of the other material is outdated. Overall, a good book that anyone interested in personal finance should read as long the reader can sort out the facts from Ms. Quinn's personal opinions. Ms Quinn's book is much better than Eric Tyson for content, but I feel that the average reader is more likely to read all the way through and apply Tyson's material. I also strongly recommend More Wealth Without Risk andFinancial Self Defense which are both more complete than this book and also offer a how to, easy to read and apply quide that will get you results fast.
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5.0 out of 5 stars
Great book, 5 Aug 1999
By A Customer
I don't have a lot to add beyond what the other people who have given the book 5 stars, but I wanted to take issue with some of the 1 star reviews. I know that stock splits get a lot of people excited and that sometimes the price of the stock will rise (at least temporarily), but that's not something that should be taken as a rule of thumb. Sorry, folks, but Ms. Quinn is right: you get 2 fives when you had a 10. And what is this attraction to Rick Edelman? I bought the Truth About Money and couldn't get rid of the stupid (and mostly useless) book fast enough. JBQ's book is great just for getting your finances organized. Just what *does* belong in a safety deposit box? I certainly didn't know until I read her book. I find her explanations to be clear and sensible.
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