Fast Profits in Hard Times well worth the money. It highlights ten successful strategies for wealth accumulation that work in rising or falling economic conditions. By wealth accumulation I mean money earned on investments. You still need seed money to start the process, of course.Everyone knows it's easy to make money on investments when the stock market is bullish. Buy low and sell high. Even the worst mutual fund manager can't help but look like a star under this scenario. But what do you do when the bears come out? How do you generate a healthy return when stocks are dropping? This book helps answer these nagging questions.
The text is less than 250 pages, so it's an easy read. The style of writing is direct; it's like Jordan E. Goodman is sitting across the table from you in a conference room. There are ample call-outs and highlights to make sure you catch and remember the most important points of each of the ten chapters.
My favorite chapters are the ones on high-yield equities, dividend reinvestment programs (DRIPs), bonds and the mysterious foreign exchange. The chapter on stock options is solid, but I think it underemphasizes the risk associated with these leveraged investments. A summary chapter at the end of the book on risk vs. return is something I longed for. Also I found the chapters on tax liens and below-market-value real estate and trusts to be a bit too timely. It seems like everyone is pushing these vehicles nowadays in the foreclosure-rich environment. But make no mistake; the chapters are well-written and chock-full of information.
I'm still chuckling about the chapter on investing in vending machines.
Armchair Interviews says: For the novice investor, Fast Profits in Hard Times is a goldmine with ten solid veins. For experienced investors, there are some good tidbits.
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