The New Scrooge Investing

by Mark Skousen

Book Overview

Compounded over 30 years, small investment cost savings today can add up to thousands of dollars tomorrow. The New Scrooge Investing takes up where the original edition left off, giving investors more... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0071355006
• ISBN13: 9780071355001
• Release Date: March 2000
• Publisher: McGraw-Hill Companies
• Length: 235 Pages
• Weight: 1.14 lbs.
• Dimensions: 1.0" x 6.3" x 9.3"

Customer Reviews

A Wonderful Update of This Classic for the Internet!

This third edition of Scrooge Investing, titled The New Scrooge Investing, is a great update of a very valuable resource that I have been using for years. I was delighted to see that all of the things that I look for in other investing books (like to to get free investment advice, reliable hot stock tips, free trades, and cut taxes) are all covered in detail in this book. Mark Skousen has a great sense of humor, and you'll love his references to Uncle Scrooge, the Disney character (his inspiration for this book). In fact, I have the same collectible set of Uncle Scrooge materials that he refers to in this book.I feel like I am a knowledgeable investor, but I found new ideas worth tens of thousands of dollars to me in the next year in the 150 tips in this book. You will certainly be repaid for your investment in the book and the time you spend with it.I have been a subscriber to Forecasts and Strategies for many years, and found that this book is a wonderful summary of the advice I have been paying for over that time. I suspect that I can cancel my subscription now and save even more money!Here are a few areas where you can quiz yourself:(1) How should you choose a discount broker?(2) Why is a discount broker often a poor idea when you buy bonds?(3) Why should you be looking at closed-end country mutual funds?(4) How can you use the recent rise in interest rates to increase your income and your capital gains?(5) How can you get into hot IPOs with discount on-line brokers?(6) What are the best ways to buy rare art?(7) How should you sell items on on-line auctions?(8) How can you acquire foreign currency inexpensively?(9) How should you approach day-trading on-line?If any of these questions are ones that interest you, be sure to check this book out.

This excellent guide covers a huge spectrum of usable tips!

I have to admit I was a little surprised at the usefulness of the tips in this book. It covers so many areas with intelligent tips it really has changed my perspective about how to manage money. Thanks Mark! A book of this type can't cover incredible DEPTH on the various topics that are presented, but it does manage to get you thinking along the lines that can save you a lot of money. Some tips are common sense to people with a lot of experience, but there are surprising gems even for an expert. Some things were a little out of my league (I haven't started any offshore investment programs) but other things really hit home (some of the online/Internet information, for example). My experience is more Internet-related, and I can see that Mark can't cover EVERY red flag to watch out for, but he leads you down a path of figuring things out for yourself. Even for an experienced online user like me, he brought up some VERY good points, which I appreciate greatly. Overall, I think people of all levels of financial expertise will benefit to some degree with this book -- easily covering the cost of the book itself many, many times over! 5 stars!

Bah Humbug Indeed!

I thought this book was excellent. Skousen, editor of the financial letter Forecasts & Strategies, shows you the easiest and most effective way to increase your investment returns: lower your costs. He also points out how you can save money on insurance, collectibles, even art. I agree with Skousen. The internet and other changes taking place in the financial industry are allowing investors to control their financial destiny at a fraction of the former cost. This book is a virtual user's manual on how to do it. Well worth reading.

Very Informative but yet understandable.

I am a college student that has recently started armchair investing. This book really made the process understandable allowing me to open an account at an online brokerage firm. I however fell short of giving the book five stars for the writers political comments ei. His distaste for Merill Lynch for their boycott of investing in South Africa during apartheid.

Worthwhile Reading

Mark Skousen explains numerous ways of cutting down on the cost of investing. This is not "get rich quick" stuff, just good investment advice.