Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth

by Natalie Pace

"Put Your Money Where Your Heart Is" offers a sensible, easy-to-follow yet powerful set of investing strategies for the would-be investor--from the complete novice to those with experience. Natalie... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1593154917
• ISBN13: 9781593154912
• Release Date: December 2008
• Publisher: Vanguard Press
• Length: 252 Pages
• Weight: 1.15 lbs.
• Dimensions: 1.1" x 6.2" x 9.1"

Customer Reviews

Natalie sets the pace

Natalie Pace is nothing short of amazing. She understands money as it is meant to be understood. She realizes that money is a means to an end and that end is enjoying one's life and making a positive difference in the world. Toward that purpose she teaches the reader how to make one's money work for oneself. She also demonstrates quite convincingly that one cannot trust companies that operate immorally. Why would management that cheats its customers treat its investors fairly? Enron certainly did not. She teaches the reader how to create a report card for companies in which one might potentially invest and how to compare them to other companies in the same line of work. She keenly notes the possible effects that can result from the asymmetrical knowledge that is held by various investors and how one should be cautious when buying a stock from somebody who knows significantly more about a company that one does oneself. She observes that the stock market is not usually a positive sum game. One investor wins and one loses. One sells high and the other buys high. One sells low and the other buys low. This does not mean that either will lose money, but it does mean that one of them PROBABLY bought at the wrong time and the other PROBABLY sold at the wrong time, or vice versa. If one knows significantly more about the company in question than you do, you should always suspect that they will be on the winning side of the equation, ergo, maximizing knowledge of a company is critical, always. This is just a tiny sliver of what Ms. Pace goes over in her book. It is loaded with information that is critical for any investor to have. Whether you are new to the game or an old hand, this book will bestow some great insights upon you, should you opt to read it carefully. Not only that, unlike most investment books, it's a page turner! Well done Natalie Pace!

A Financial Must-Read

Natalie Pace's book inspired me to recognize brokers for what they really are, how to manage my own funds correctly and to have an understanding that not only can I control my nest egg but the funds within it can support my passions and beliefs. Something that brokers have advised me against in the past. The book is an easy-read and fabulous for the novice investor or anyone who's lost a significant amount in the stock market. I highly recommend her book to anyone wanting to be educated about how to deal with their money and to take responsibility for what sort of companies they invest in and how that effects everything at large. A Must-Read Financial Bible.

Excellent advice and a sneaky way of telling it too!

In a lot of ways, I could have derived this information from some sort of dry stock analysts how to report, or a college text book describing market research. Of course the bottom line there is, I would not have read those type of books. What I read here kind of snuck up on me in the end. All of a sudden I knew a lot about all those aspects of stock analysis which I know I should have, when I made poor choices in the past. I once thought an easy way to do this would be to take a collection of the online stocks they rated as "A" picks, and buy a few shares of each. Strange why I never tried that, maybe because I didn't know those stocks, I didn't want to take a shot in the dark like that. That is probably what intrigued me most about the title of this book. It implies you would need to have an intimate knowledge of what you invest in to be successful. That's a big part of the book, but not the sneaky part, which is another thing entirely. The sneaky part is, while explaining how to differentiate, and get the "best" or the market leader in our chosen product, the report card system is presented. This is really a way to sneak in how we should do a stock analysis, before we pick a stock to invest in. There was one thing that was nagging at me while I read this though, and I should probably check the author's website. That is, how did she do investing during the current recession period. If she's done well, or just broke even in the last six months, this philosophy of investment would be considered golden to me. The latter portions of the book talk about investment clubs, and how to set them up. How to choose a good financial planner, and one who is not just a stock salesman, or commission grubber. These in my case might be left to investors with a bit more to invest. For the present, just being able to pick a few good ones, and place a confident order with a discount broker is more than worth the price of the book.

Faith Over Fear + Education + Savvy = Wealth

"Put Your Money Where Your Heart Is" by Natalie Pace gets five stars for a down to earth life applications approach for the novice investor. Pace approaches investing from a fun standpoint and as most people know where your passion and heart is...so is the money. I have read many books on investing and this one of the few that will not scare off someone new to the game. Pace states, "Too many people have fear around money. I call it investing with stomach acid, instead of your intellect. When you trade with fear, the odds are that you will buy high and sell low". Pace promotes faith over fear. Chapter One is about getting educated. This book would not have been possible if Pace would not have been in a financial mess after a divorce which eventually led her to a certified financial planner with impressive credentials. However at that time a recession was in progress and Pace had nagging doubts about the information that the certified financial planner had provided. She did not sign any documents with him and took some time to get educated on P/Es, PEGs, Debt/Equity ratios and 10-Ks of her favorite companies. The nagging doubt is defined by Pace as a heart begging for more information. When Pace finally did invest, she tripled her money in four short months and has since had extraordinary gains in the market. After personal success, her friends who had lost half or more of their stock portfolios due to either a husband or broker's bad guidance begged for her help. Pace's stock report card provides a basic and simple way to review some key elements of a company. Chapter Two is about getting involved. This chapter contained a very powerful message for women (married and single). Her double your fun budget of fifty percent to thrive and fifty percent to survive made sense (you have to read the book for the basic breakdown of each percentage). In this chapter Pace uses real life examples from O. J. Simpson and Oprah to get some points across in a more realistic and memorable way. She drops many pearls of wisdom for single parents, but stays on the path of money. She highlights the importance of tithing to a church and charity and breaks it down so that even if you knew it, but did not do it - NOW you know better and WILL do better because of all the benefits you will gain. I found her "billionaire game" quite interesting. This exercise seemed silly, but afterwards one can better realize a lot about money, happiness, responsibility and the true you. Real life examples are sited using Warren Buffett, Sergey Brin (Google) and J.K. Rowling (author). Pace reminds the readers that brokers are salespersons and not geniuses. She provides twelve very important questions to ask your broker because after all you are interviewing him/her and this is the second most important person to pick for you life (a spouse is the first most important pick). Pace also provides eight questions that the broker should ask you which will prove you ar

Great idea

I never heard of Natalie Pace before I read her book. Wow. It is inspiring, although her view for buying what you know and love isn't knew. She does give credit to Peter Lynch and Warren Buffett for that philosophy. What I did like is her straight language and no nonsense approach to investing. I agree with her position that new industries are great to invest in after the initial crash. I also respect her compassion, and her belief of being generous. It's nice to hear that making money is not evil. The question is what do you do with it. Interestingly, I love how she outperformed the stuffed shirts. This is important because investments are not always rational. Sometimes sheer common sense and homework is more important than the know-it-all talking heads on boob tube. I am going to implement her strategies and worldviews in my personal life, and I hope I'll be rewarded. So will the charities I intend to tithe to as the money comes in. This is not your typical investment book. This is an investment plan guide for your life.