Smart Money

assalamualaikum guys, welcome to my blog 😍 this time will share synopsis of Smart Money 😍 

Title : Smart Money (How to be your own financial manager)

writter : Ken and Daria Dolan

Page : 326 Pages

Synopsis
    Smart Money book was published in 1988, which is about how to invest very easily. the presentation of the contents of this book is very interesting to read. this book is presented in the form of questions and answers, so it is very interesting to read. which I have summarized as follows:

Ø  Dealing with Your Bank

     This part tell you about changes of money in our banks and savings and loans are for the better, but they are not all better for consumer. So, berfore you commit your money , get to know the banker and the servces. And if you can’t have accessto your own personal banker, do your  busines elsewhere. Bank are not-for-profit organizations, exciting solely to provide safe haven for our money

The stock Market

      In the Stock Market only poeple who really make money are the people who own something. And with a few dollars can become an owner of a piece of corporate  America and perhaps make a good deal of money. And for every story of an investment gone sour, and there are an equal number of success stories. The profits to be made in stock market in your mind :

Ø  Bonds

      Bonds were a conservative investment for windows, orphans, and investors who wantes modest retruns with small risk. And bonds can be still be conservative investments for many investors,but the rules of game have changed greatly.

Ø  Investing with Uncle Sam

      Measuring risk reward is the key to successful investing. And by investing with uncle Sam, able to minimize risk and yet maintain a reasonable reward. In the goverment scurerities offer a great deal of liquidity, with safety and moderate retruns.

Ø  Mutual funds

      Mutual funds have come into their own. Once consider an invesmennt fit only for unedcated or small investor. The instituation whose buying and selling en masse has dominated  and people have discovered that mutual funds allow them to deal not only with the ups and downs of the stock market but also with more conservative investment, such as bonds and goverment securerities.

Ø  Insurance

     Insurance can be a powerful tool for your overall financial plan if it’s properly utilized. Although insurance is often the butt of many jokes, it’s an important part of your financial life and health. Poor planning or, worse,totally avoiding insurance may place the joke squarely on you.

Ø  Benefits : IRAs, Keoghts, and 401(k)s   

     IRAs, Keoghts, and 401(k)s the list seems to grow with every year, and if things aren’t tough enough, the tex reform act of 10986 changed  the rule in the middle of the game. The sad fact today is that many Americans think that certain retirement options are no longer open to them when in fact they are , in one from another.

Ø  A secure  retirement

     Many people dream of a day when tehey can stop work and spend their time doig things they want rather things they must. Althought not everyone wants a full time retirement, even those people who hate the thought of retiring often dream often dream of leaving their present job to begin neww ventures. Whether you consider yourself a member of the first group or the seccond both options take careful planning to achive. There are certain ingridients we need to mix up a recipe of security and comfort in our golden years.

Ø  Chooshing a Financial Adviser

     The search for a competent financial adviser becomes even easier with this book as your reference guide. Once you’ve mastered the concepts we talk about, you will in essence become your on financial advicer.

Ø  Your Home

     Your home is your best personal tax shelter and probably your best investment. Finding that special home, negotiating its price, and making the necessary improvements cam  be very arduous process, but it can also be the major cornerstone of financial securerity for a lifetime.

Ø  Investing in real estate

     A well thought out real estate investment can be made at any time. There is no right or wrong time to begin,  so get educated and get started.

Ø  Consumer Credit : A Powerful Tool

     With proper use, credit can be a very important building block to financial security. In addition, credit can undermine all your hopes and dream. Not only that, credit is a powerful tool use it wisely.

Ø  Taxes

     Taxes not the most exicing subject, but one of the most important for you and you financial well being.

Ø  Estate Planning

    Using estate planning is a personal and individual process best attacked by your own estate planning team. Not every professional is an estate planning expert. Look for team members with specific experince in the estate planning process who will work closely with you and with one another. So, no estate plan is perfect and no estate planner has all the answers, but a good and talented planner will offer opportunities to help you minimize people you wish to recive them.

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