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eBook The Rules for Growing Rich : Making Money in the New Information Economy epub

by David Lereah

eBook The Rules for Growing Rich : Making Money in the New Information Economy epub
  • ISBN: 0812930568
  • Author: David Lereah
  • Genre: Business
  • Subcategory: Investing
  • Language: English
  • Publisher: Crown Business; 1 edition (June 27, 2000)
  • Pages: 320 pages
  • ePUB size: 1534 kb
  • FB2 size 1894 kb
  • Formats doc azw rtf lrf


Today's new information economy has generated unprecedented opportunities for investors. Dr. David Lereah shows how the experts do it.

Today's new information economy has generated unprecedented opportunities for investors. But taking advantage of them requires discipline and a knowledge of econimic trends. There will be recessions and bear markets. There will be recovery periods from recessions. And there will be future bull markets. How does one make sense of these changing economic conditions and make the right investment decisions? Dr.

Lereah, David A. Publication date. New York : Crown Business. inlibrary; printdisabled; ; americana. Books for People with Print Disabilities. Internet Archive Books.

Today's new information economy has generated unprecedented op. .In part one of The Rules for Growing Rich, Dr. Lereah shows how to be a smart consumer of economic and financial information, including: - How to identify business cycles - The eight most influential economic reports that you should monitor on a regular basis - How the Federal Reserve, market psychology, changing demographics, and other factors influence the investing. Then Dr. Lereah shows how to put all of this information together in 168 rules for maximizing your portfolio.

Although the writing was dry in some places, this book reads well and contains really relevant information about how changes in the economy affect the value of investments

Although the writing was dry in some places, this book reads well and contains really relevant information about how changes in the economy affect the value of investments. This book is useful for anyone looking to understand how and why monthly economic reports move the market and it ties in using the Internet for monitoring such data.

Lereah's book The Rules for Growing Rich: Making Money in the New Information Economy touting investment in technology company equities was published in June 2000 at the onset of the collapse of the dot-com bubble. Lereah has also written about real estate investing. His most recent book, All Real Estate is Local, was published by Doubleday in 2007. His 2005 book Are You Missing the Real Estate Boom?: Why Home Values and Other Real Estate Investments Will Climb Through The End of The Decade-And How to Profit From Them was rereleased in February 2006 as Why the Real Estate Boom Will. - 63 rules for investing in stocks - 37 rules for investing in bonds - 23 rules for investing in real estate - 10 rules for investing in options and futures - 17 rules for international investing - 18 rules for retirement investing.

RICH-WORLD economies consist of a billion consumers and millions of.

RICH-WORLD economies consist of a billion consumers and millions of firms taking their own decisions. But they also feature mighty public institutions that try to steer the economy, including central banks, which set monetary policy, and governments, which decide how much to spend and borrow. For the past 30 years or more these institutions have run under established rules. Britain cut budgets deeply in the early 2010s while its economy was weak-its lack of public investment is one reason for its chronically low productivity growth.

In 2000 just as the dot-com bubble prepared to collapse, Lereah penned The Rules for Growing Rich: Making Money in the New Information Economy. Lereah went on to publish multiple titles on profiting from the real estate boom. In 2005 he wrote Are You Missing the Real Estate Boom?: Why Home Values and other Real Estate Investments Will Climb Through the End of the Decade–And How to Profit From Them. The book faced a bit of a rework before reappearing in 2006 as Why the Real Estate Boom Will Not Bust–And How You Can Profit From It. Before leaving his post at NAR, Lereah penned All Real Estate is Local: What You Need to Know to Profit in Real Estate.

More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates. Exciting, powerful and informative – DW Documentary is always close to current affairs and international events.

Today's new information economy has generated unprecedented opportunities for investors. But taking advantage of them requires discipline and a knowledge of econimic trends. There will be recessions and bear markets. There will be recovery periods from recessions. And there will be future bull markets. How does one make sense of these changing economic conditions and make the right investment decisions? Dr. David Lereah shows how the experts do it, and how you can, too.With the advent of the Internet, ordinary investors now have access to the kind of information traditionally available only to investing professionals. Dr. Lereah levels the playing field by providing investors with the analytical tools they need to really take advantage of that raw information. This accessible format makes the ideas easy to understand and provides bite-sized, practical steps to take based on which way the market is going. Dr. Lereah's practical guide helps investors navigate the peaks and valleys by using the Internet to easily monitor a wide range of economic and investment data -- from inflation and interest rates to price/earnings ratios-- and then managing your portfolio accordingly.In part one of The Rules for Growing Rich, Dr. Lereah shows how to be a smart consumer of economic and financial information, including:-- How to identify business cycles-- The eight most influential economic reports that you should monitor on a regular basis-- How the Federal Reserve, market psychology, changing demographics, and other factors influence the investing climateThen Dr. Lereah shows how to put all of this information together in 168 rules for maximizing your portfolio.-- 63 rules for investing in stocks-- 37 rules for investing in bonds-- 23 rules for investing in real estate-- 10 rules for investing in options and futures-- 17 rules for international investing-- 18 rules for retirement investingWith these rules, investors gain a much clearer understanding of the financial markets and can make profitable investments by more accurately anticipating whether the economy is headed for recession, recovery, or expansion. This is not a book for those who want to make a killing in a day but for those who want to develop a serious, ongoing investment strategy using the clues available about the direction the economy will take in the future.
Comments: (4)
Dellevar
This book has three problems. The first is the premise that rich investors should be changing investments all the time in response to shifts in economic conditions. That is probably the way that fewer people get rich than any other. The second is that you can rely on economic information as it comes out to tell you how the economy is shifting. With revisions and changes in measurements, you usually can only confirm a shift when it is long over. The third weakness is a virtually unlimited faith in Internet related stocks that would have had you buying and holding leaders at the price peak in 2000, and subsequently losing over 80 plus percent of your money. Avoid this book as a investment guide for anything but commercial real estate.
This book's purpose is to "help investors make the connection among the Internet, the economy, and investments." Where the book succeeds is in identifying the places where you can get information on the Internet about economic conditions and investments. But there are better books for this purpose, so that is not enough of a reason to buy the book.
Dr. Lereah states that successful investing is based on these rules: "Utilize your knowledge of the economy with Internet-driven investments, information, and understand historical economic relationships."
Basically, the philosophy is "buy and hold" for Internet stocks and shift in and out of all other classes of investments. That's just the opposite of what you should be doing. Very few investors should be trying to time stock and bond investments. The track record of professional investors (who do look at this sort of information) is very sorry. Over long time periods, less than 15 percent can beat the market averages. I suggest you read John Bogle's Common Sense on Mutual Funds to see the folly of Dr. Lereah's approach.
Internet stocks are usually ridiculously overpriced, so buying and holding is a tough way to make money. These are great trading stocks on the way up, and even better stocks to sell short when the bubble bursts. Even after Internet stocks have been devastated (like now), they are still overpriced in every case I can find.
Some of the book's rules do make sense, such as the idea of having goals. But because the book covers so much ground, the subject is reviewed in such a few words that you don't get enough advice about how to do this. On the good subjects, you will feel like you are covering 123 cities in Europe in 15 days. You will see something, but your head will spin from information overload, and you will not quite understand what you are seeing as a result.
What you can use this book for is buying and selling commercial real estate. Economic conditions are very critical in that area. As a mortgage economist, obviously Dr. Lereah should know that area and his advice is sound.
My suggestion is that you use the occasion of reading this review to consider whether you have set appropriate financial goals for yourself. If you have not, certainly do that before seeking financial advice from investment books, Internet resources, or financial advisors.
Learn that the keys to wealth begin with appropriate financial goals.
Sharpbringer
This is not a book for growing rich, it only explains some basics of the US economy. The author repeats itself too much, maybe it could have been a better book if it had less than 100 pages and not 300
Katius
Even sophisticated investors will learn a great deal from this well-organized book as to how various market/economic indices, economic trends and business developments are likely to affect financial markets. While many of the rules will be "old-hat" for some investors, the rules regarding the likely market impacts of economic developments, Federal Reserve actions and releases of government statistics and reports are outstanding and will help even knowledgable investors make sense out of the myriad of complex factors that drive stock prices in today's marketplace. I recently appled Mr. Lereah's rules to my own portfolio and avoided July's downturn in technology stocks, saving me almost $75,000. Maybe just luck, but I think not.
JoJolar
A really thorough book, goes into detail on a lot of scenarious, and possible circumstances and when he touches and talks about the 201 subsequent rules. Sometimes, i felt like it was cut and dry and was about to put it down but it is worth to read this one all the way through, practical approach and comprehensive in content is what i really liked although the book could definitely be made a little more interesting to read through various ways, overall, not bad at all
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