Amazon Customer Reviews
Should be Mandatory Reading Before Opening an Account, December 1, 2011
This review is from: Fire Your Broker (Hardcover)
I am a securities lawyer and I have also been the licensed supervisory principal of a registered broker dealer. I have worked in the SEC Enforcement Division and have seen the bad guys. In more than 25 years of regulatory and operations practice, this is the best writing and advice I have come across.
Kelly sets out – in clear and entertaining prose – what every investor should know about buying, holding and selling securities in an investment account. This is not one of the many investing guides where the author is desperately trying to show how smart he is or to sell you services or products. This is a sincere how-to, that provides the basics of what every investor needs to know to protect themselves and develop their personal portfolio.
Complex products and services are outlined in a way that makes them understandable. Kelly knows how much to say – and not to say – to keep the reader engaged and interested in the subject. He leaves ample opportunity for the reader to pursue the subject further, without the all-too-typical baiting the reader to buy something from the author. Kelly respects the reader, but also strives to make the reader understands that good investing practices require knowledge, discipline and diligence.
Reading this book will not necessarily make you wealthy, but if you understand what is said and follow the advice, you should eliminate 95% of the chances that you will loose money from stupid, ignorant or unethical practices.