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In a matter of weeks, the world of investing has been turned on its head. Many of the grandest names of Wall Street have shuttered their doors or been reduced to begging for government handouts. Meanwhile, the worlds largest insurance company became a ward of Washington, even as the seemingly rock-solid, three-trillion dollar money market industry was being shaken by a runs on deposits. If the titans of finance who steered Bear Stearns, Lehman Brothers, AIG and Washington Mutual couldnt find shelter from the storm, how are average families supposed to protect their savings? Where to Put Your…mehr

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Produktbeschreibung
In a matter of weeks, the world of investing has been turned on its head. Many of the grandest names of Wall Street have shuttered their doors or been reduced to begging for government handouts. Meanwhile, the worlds largest insurance company became a ward of Washington, even as the seemingly rock-solid, three-trillion dollar money market industry was being shaken by a runs on deposits. If the titans of finance who steered Bear Stearns, Lehman Brothers, AIG and Washington Mutual couldnt find shelter from the storm, how are average families supposed to protect their savings? Where to Put Your Money Now a compact, jargon-free guide to the nuts-and-bolts of conservative investing for an era in which all the old rules-of-thumb are (rightly) being questioned. The author is a former New York Times economics columnist, college textbook author of A New Economic View of American History and creator of numerous mainstream guides to personal finance including The Money Manual and How to Read the Financial Pages. Peter Passell wrote the first Where to Put Your Money some two decades ago, which sold over 200,000 copies. It was the first investment guide targeted at middle-income Americans who understood that fairy-tale books offering 11 easy ways to make millions were worthless -- yet didnt have the time or inclination to wade through long, earnest tomes explaining why preferred stocks were perhaps superior to convertible bonds, or why dollar-cost averaging investment strategies were defeated by the random walk theory of market pricing.

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Autorenporträt
Peter Passell