You have probably read about an old woman who worked at menial jobs all her life, and surprisingly left an estate of over one million dollars. Perhaps she was lucky. More likely she was wise, stashing away her pittance each month and investing it to grow in stocks of companies she felt were reliable. Only a few people seem to have an innate talent for investing. Most of us need intensive study and self-preparation to become wise and patient investors. From his own experience, the author is convinced that, with dedicated interest and diligent study, many can master this potentially lucrative field. This book, The Wealth Equation, is the vehicle to acquire the knowledge and skills to become a wise investor. You need to read this book before starting to invest because beginner mistakes can be so costly. The book helps you attain a state of mental discipline to rein in the very powerful emotions ever-present where your money is at stake. It equips you with a comprehensive understanding of investing and a familiarity with stock market behavior so your mind is in control, not your emotions. In The Wealth Equation you will read about the various types of investments: money markets, certificates of deposit, bonds, stocks, annuities, limited Partnerships, IRA's, etc. The book provides criteria for making informed command decisions on selecting the most suitable types of investments, deciding when to invest, when to sell, when to be cautious and when to be a little bolder. This book describes techniques of good money management necessary to develop funds for investing. The benefits of compounding to multiply your gains are graphically displayed. The book explains how compounding dividends and gains allows the legendary plodding tortoise to beat the flighty hare at the end. The book depicts a detailed history of the U.S. stock market over 90 years, giving the reader a broad perspective and a more complete understanding of stock market behavior. The book's Epilogue describes political actions that the author deems necessary for improving the performance of the economy, and with it the stock market. To the extent that these political actions are implemented in the future to improve the economy, or adversely, if negative actions are taken to further damage the economy, the investor thus has a gauge for assessing likely future trends in the stock market. To be successful in coping with sweeping moves of the stock market, it is essential to face political realities. You will read about the author's investing history-the early struggles, the learning process and later successes-culminating in navigating successfully through The Great Recession, buying into the market at the low point, and achieving multiple gains thereafter. You need to read and study this book to help you attain a comfortable life of prosperity and financial security. Bon voyage
Author: Richard A. JohnsonPublisher: Createspace Independent Publishing Platform
Published: 08/28/2014
Pages: 184
Binding Type: Paperback
Weight: 0.97lbs
Size: 11.02h x 8.50w x 0.39d
ISBN13: 9781490586304
ISBN10: 149058630X
BISAC Categories:-
Business & Economics |
Investments & Securities | StocksAbout the Author
After graduating from the University of Minnesota with a degree in Aeronautical Engineering, Richard Johnson served in the Army Air Corps as a young lieutenant in World War II. In that capacity, he worked on the B-29 Bomber Program with the manufacturer, Boeing, to incorporate design changes into the B-29 fleet to improve combat and operational effectiveness. After the war, he returned to the University of Minnesota where he broadened his educational background by taking senior level courses in business and economics. He then joined the Boeing Company. As an engineering manager, he participated in the design development programs that produced the eminently successful line of Boeing commercial jet aircraft. At one point in his career he was a manager in the group of one hundred engineers that started the 747 "jumbo jet" program. The author's roles in the many Boeing airplane programs varied, sometimes managing engineering administration on the 747 program and at other times serving as program test engineer. On the 757 airplane program he headed the engineering organization responsible for planning and monitoring of aircraft development from the initial design concept to completion of basic design, flight testing, FAA certification and early aircraft deliveries. Guiding this complex process (involving thousands of engineers working in all aircraft design disciplines) included laying out critical scheduling, managing test programs and monitoring technical progress in meeting performance and schedule objectives. A close partnership with manufacturing and purchasing was essential in achieving a smooth company-wide operation. The author started his new career as an investor over forty years ago. During the 1970s the author realized it was necessary to learn about investing in order to counter the loss of purchasing power due to the high inflation of that period. The challenge in attempting to master this new field was intriguing. Some investments did not work out while others prospered-all part of the learning experience. Retiring from Boeing in 1985, the author continued to invest with growing success. Unquestionably, the analytical skills honed by the author's engineering education and experience, coupled with his business background, helped achieve a deeper understanding of the nature of investing.
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