Product Description: * Choosing profitable investments * Getting unbiased professional advice * Avoiding Insurance, Brokerage, and other scams
Protect Your Wealth and Well-Being Now and for Years to Come
In light of the new risks our country and our economy are facing, entering your fifties with an effective financial and personal plan for your future is now more crucial than ever-to make sure you can truly enjoy your golden years. The Ultimate Safe Money Guide was especially designed to help you map out your plan in this new environment, so that you can stop worrying about your money and just enjoy life.
Step by step, Martin Weiss-an expert in financial ratings and consumer protection-introduces, explains, and helps solve many of the new challenges and risks that face millions of Americans over fifty, including how to find: * Truly profitable investments with the least risk * Protection against investment losses * The worst and best insurance policies and annuities * The best health insurance solution for you * The right plan for your long-term health care
The Ultimate Safe Money Guide is an important source of information for anyone planning for a secure future during their fifties and beyond. Expert advice and proven guidance will prepare you for this critical juncture in your life at a critical time in our history, putting you on the road to a satisfying retirement, where you are always firmly in control.
Amazon.com Review: One of the goals stated on Martin Weiss’s Web site is “to be the No. 1 authority on conservative money investment strategies,” and his book The Ultimate Safe Money Guide certainly reflects that intention. Aiming at those 50 and over, Weiss offers advice on everything from real estate and insurance to annuities and tax-exempt bonds. What makes The Ultimate Safe Money Guide especially timely (this book was written before the Enron disaster made headlines) is the contempt in which he holds both Wall Street and corporate America. According to Weiss, “hype and distortion” is the norm, both in the brokerage/analyst community and in how American business discloses its financial results. He writes that “stock ratings are bought by the companies,” and that based on significant discrepancies between the earnings and cash flow of 6,000 companies his firm has analyzed, 31 percent may be guilty of manipulating their earnings reports. And while Weiss does not eschew stock market investing altogether (his firm sells stock advice), he believes most investors, especially those over 50, need to seriously rethink their risk tolerance for stocks. The Ultimate Safe Money Guide goes against the grain of most investment advice on the market today, but if retirement is on your horizon, Weiss’s advice is worth considering. --Harry C. Edwards
Take the book with a grain of salt My then girlfriend, now wife, bought me this book in 2002, shortly after I was laid off from my engineering job. I liked the investing theory of market momentum, but was unwilling to shell out big bucks for the software. Also, most mutual fund companies frown on the kind of frequent trading the system can dictate. Of course, there are always ETFs, and some companies, like ProFunds, don't care how much you trade.
I have a diversified portfolio, based on Modern Portfolio Theory, but instead of rebalancing once a year, I use the indicators in the book to decide when to sell the excess value of a winning fund, and when to buy enough shares of an underweight fund to bring it up to its target weight.
I almost never sell at the exact peak, but I generally take my profits before the fund tanks. And, I almost never buy at the exact bottom, but I generally get back to target weight before the fund starts a big run-up. So, I ultimately end up buying low(er) and selling high(er) than I would without his indicators.
I still don't have the software. I found a page on Morningstar.com that seems to work about as well as the software he recommends, and its free.
I really didn't pay much attention to the rest of the book, and don't subscribe to his newsletters, so I can't comment on them.
Some advice good some questionable The information on the stock market and ratings companies was very useful.
However, the suggested method for switching money between mutual funds in your 401k doesn't work. It doesn't work because many mutual funds don't allow you to change between funds as frequently as the method recommended by Mr. Weiss. In fact, some mutual funds require you to keep money in the fund for a year.
I started to use the recommended procedure by Mr. Weiss but soon got a nasty gram from Fidelity telling me to stop.
Excellent guide for those over 50 A well written, well documented, critical review of investment strategies for those who wish to provide for and maintain wealth during preretirement years and beyond. I find Dr. Weiss's analyses and advice to be practical and credible. Book was written in 2002; suggest follow up with his newsletter.
A Great Reference! I actually purchased this book over three years ago but I still remember what Weiss wrote. How everyday people can save and become financially stable is what drove me and my wife to do the same. We do everything we can to save and only buy what we really need. Most of it really changed when we had kids. We stopped "treating" ourselves and really stuck to buying what our kids needed. To this day, I still subcribe to Martin Weiss' online periodicals as well. He may not be 100% (although no one is) but I believe in his philosophy and it actually does take some work on my part as well.
Are small gains really a loss? If you are going to look back and worry about big gains that you did not make, this may not be the book for you. If you hate losses, Martin Weiss could help you.
Anything Goes Trivia
Megaton Man
Tailipoe
Trevor
