How to Invest Money: How to Invest in Stocks and How to Invest in the Stock Market and Learn How to Invest Your Money for Security and Retirement - A Practical Guide to Long Term Investing and How to Get Rich with Security
"A PRICELESS BOOK"
"Excellent″—The New York Times. "Clearly written"— Library Journal. "Priceless"—A. S. Kingman. Investment experts, reviewers, and readers of E. Stanley Grant's books have been praising his masterful advice about money for years.
Here in 126 golden pages is the condensed riches of his information on every conceivable subject: spare cash, insurance, mutual funds, income taxes... The list is impressive: It is the treasure of 40 years of knowledge — knowledge that has never ceased paying off in the writer's own highly successful life.
"This is the one book about money that EVERYONE should read"
This book emphasizes the advantages of an investor’s putting much of his capital into the common stock of corporations, preferably selected investment companies of the mutual fund type.
Table of Contents
1. Is SAVING WORTH WHILE?
2. KEEP SPARE CASH ON HAND
3. WHAT IS INVESTING?
4. WHY GOOD ADVICE IS SCARCE
5. WHAT IS SECURITY?
6. HOME-OWNING AND DEBT
7. LIFE-INSURANCE FOG
8. How To BUY LIFE INSURANCE
9. How PERCENTAGE MOUNTS UP
10. WHAT IS STOCK?
11. TAMING COMMON STOCK FOR A NERVOUS MAN
12. BUY BIG NAMES ONLY?
13. GAMBLING IN STOCK IS POPULAR
14. OWNING STOCK WITHOUT GAMBLING
15. RAISING EXTRA CASH
16. WHY DIVERSIFY?
17. EASY PAYMENTS MAY HAVE ADVANTAGES
18. WHEN TO BUY STOCK, AND WHEN TO SELL
19. WHAT IS PROFIT?
20. WHAT Is YIELD?
21. WHAT IS SPENDABLE INCOME?
22. How To CUT INCOME TAXES
23. BY WHAT STANDARD TO JUDGE RESULTS IN STOCK?
24. WHY USE AN INVESTMENT COMPANY?
25. WHY PAY A SALES CHARGE?
26. WHERE TO GET DETAILS ON MUTUAL FUNDS
This is my third book—all written about long term or life¬time investing. This one, I think, is better done than the others, and of course is more up to date.
Nearly all of the books on investing have been written by people making a business of selling investments, or charging a fee for advice about investments, or by professors who may have done considerable studying, but whose practical experience as investors has been quite limited. Also, these writers have not experienced the necessity of paying family living expenses with income derived solely or mainly from their own invested savings.
By contrast, this book is written strictly from the viewpoint of an owner of investments, who has no other connection with any financial institution than as an ordinary investor. In reading this book, you need have no fear that it is the first round of a clever plan to lure you into paying expensive fees or subscriptions. I have nothing to sell, except my knowledge and experience, and you have paid for this by buying my book.
Like its predecessors, this book is based on personal experiences, including both mistakes and successes, as well as some observation of other people’s attitudes. Out of a moderate salary, my wife and I accumulated enough capital, and invested it well enough, that at the age of fifty-eight, thinking we were reasonably safe financially, I retired from earning a living.
Soon afterward, I discovered that the rise in cost of living had already cut our buying power below what I had estimated, and was likely to force us to lower our standard of living. So, for the first time in my life, I began a serious study of investing. I found that our trouble stemmed not from a lack of capital, but from a failure to invest sensibly. Since then, I have concentrated on improving my selection of investments, and on trying to explain, in books, how I do it.
Now, at the age of seventy-two, and in spite of the drop in the stock market this year, my wife and I own stocks and bonds with a market value considerably larger than when I retired fourteen years ago; and that value has risen faster than the cost of living.
