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Title: Fundamentals of Investing by Lawrence J. Gitman, Michael D. Joehnk ISBN: 0321088085 Publisher: Pearson Addison Wesley Pub. Date: March, 2002 Format: Hardcover Volumes: 1 List Price(USD): $60.00 |
Average Customer Rating: 4
Rating: 5
Summary: A "Must Have" book for beginning investors!
Comment: Time for me to upgrade to the Seventh Edition! I used Fundamentals of Investing, Fourth Edition around 10 years ago in a college course at WCTC in Waukesha, WI. My instructor was a V.P. at a major brokerage house. It was one of the best and most rewarding college courses I ever took. We covered the entire book in one semester.
As with any book, Fundamentals of Investing will please some and not others. This book lays the foundation for investing by covering topics such as stocks, bonds, insurance, and the like along with understanding the risks of each. This book is not a "get rich quick" self help book. You will not find "trendy ways" to invest, hence the title "Fundamentals of Investing."
This book is where I learned Time Value of Money (TVM). Before I learned of TVM and investing, my retirement plan consisted of the value of my home and social security. Now I am well on my way to achieving my goal; retiring as comfortable as or better than I live now. If there is any social security when I retire it will be a bonus.
On the whole, this book (including my 4th edition) is useful even as a reference to the investment process. I use it to refresh my understanding of the variety and types of securities. Others may disagree but this is my investment bible. It has paid for itself time and time again by reminding me of the basic "Fundamentals of Investing."
You can remove a lot of risks to investing if you read and understand those investments in "Fundamentals of Investing."
Rating: 2
Summary: Fundamentals of Investing, 7th
Comment: Fundamentals of Investing leaves a good deal to be desired as a textbook for a first course on investments. It is too wordy, being nearly 700 pages in length (not including tables or the index), making it somewhat challenging to cover the entire book in a single college semester.
As with any book, Fundamentals of Investing has its good features and its bad features. The chapter on investment planning (chapter 3) is quite good as it gives the reader an understanding of the motivation for investing. Another good feature about the book is the treatment of the security analysis process and how the investor should approach the analysis of investments for inclusion in a portfolio.
However, the deficiencies of the book appear to outweigh its benefits. First, the authors appear to assume that the reader is already familiar with the concept of the time value of money (TVM). Since the TVM concept is vital in assessing the worth of an investment to an investor, a reader that is unfamiliar or not well versed in the TVM concept is likely not to fully understand how securities are valued. Second, many of the examples given in the book are not always of great help in assisting the reader in understanding the concepts that were presented. Finally, the problems at the end of each chapter do not seem to provide much of a challenge to the reader to apply the concepts that were covered in the chapter to reinforce what was supposed to have been learned.
On the whole, the book can be useful in introducing the reader to the investment process and in understanding the variety and value of different types of securities. But a reader who is less familiar with investing can do better than to buy this book.
Rating: 4
Summary: Caution
Comment: This book although well written was disappointing because it only covers the fundamentals and the basics of investments and portfolios. I suppose I was looking for something more in depth and challenging and this wasn't the write book. But if you are looking to learn the basics this book seems like a good start.
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Title: Fundamentals of Investing with Internet Guide for Finance (8th Edition) by Lawrence J. Gitman, Michael D. Joehnk ISBN: 0201764865 Publisher: Pearson Addison Wesley Pub. Date: 27 July, 2001 List Price(USD): $118.00 |
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Title: Intermediate Financial Management with Student CD-ROM by Eugene F. Brigham, Phillip R. Daves ISBN: 0030333288 Publisher: South-Western College Pub Pub. Date: 26 October, 2001 List Price(USD): $122.95 |
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Title: West Federal Taxation 2002 Edition: Individual Income Taxes by William H., Jr. Hoffman, James E. Smith, Eugene Willis, Eugene Willis, William H. Hoffman Jr., James E. Smith ISBN: 0324109520 Publisher: South-Western College Pub Pub. Date: 04 April, 2001 List Price(USD): $96.95 |
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Title: Economics of Money, Banking, and Financial Markets, Update Edition, The (6th Edition) by Frederic S. Mishkin ISBN: 0321113624 Publisher: Pearson Addison Wesley Pub. Date: 02 July, 2002 List Price(USD): $114.00 |
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Title: Fundamentals of Multinational Finance by David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett ISBN: 0201844842 Publisher: Pearson Addison Wesley Pub. Date: 16 July, 2002 List Price(USD): $118.00 |
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