Author: Biz India

Book Review: Investing for Dummies

Author: Eric Tyson, MBA Publisher: Wiley, 410 pages Book Review by Ramu Nakliba In Investing for Dummies, Eric Tyson shows the ordinary, inexperienced person not only how to invest money in intangibles such as mutual funds, stocks and bonds, but also investing in tangibles such as real estate properties. He shows you how to develop a portfolio of the intangibles and manage it for long-term gain, minimizing the taxes due not only while holding these assets but also when selling them. Tyson should know. He is also the author of Personal Finance for Dummies and Mutual Funds for Dummies. And, if you’re bent on taking the plunge into business, he guides on this course of action. As a business owner, you get deeper into investing. You’re not only investing your money but also investing your time and efforts into becoming a business owner, for the rewards of profit it entices you with. He shows you how to open and run a small business profitably. Tyson discusses, among other topics: time-tested investment strategies, knowing your expectations and finding matching investments, investing in precious metals and commodities, how economic indicators affect different types of assets and firms, what to do in down and up markets, how to invest wisely when your emotions color your thinking, and how to take advantages of tax laws to maximize your returns. He touches upon important...

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Book Review: Invest in Penny Stocks: A Guide to Profitable Trading

Author: Peter Leeds Publisher: Wiley. 198 pages Book Review by Ramu Nakliba On the inside back cover of this book is stated that the online service Peter Leeds Penny Stocks has sold about 35,000 subscriptions, and that it is one of the most popular financial newsletters in the United States. Penny stocks are typically low-priced stocks priced under $5 a share. They are also very volatile. If a $5 stock If goes down just a dollar for example, this would be extremely risky for the penny stock trader – a loss of 20 percent of the investment. A $10,000 investment would lose $2,000 in just one move. Peter explains that when a trader loses 20 percent, he would have to gain 25 percent to come back to its original worth. The more the loss, the greater the percentage of gain needed to recoup the loss. If a penny stock goes down 50 percent or $5,000 in this example, the trader would have to gain 100 percent or $5,000 just to get back his loss. On the other hand, penny stocks are also viewed by some as ‘high-flying’stocks. If a $5 penny stock goes up a dollar, that would be a 20 percent gain, something very difficult to achieve in one trade for a $50 stock for example. The $50 stock would have to go up $10 in a day...

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Book Review: Insanity Beyond Understanding

Author: Bajeerao Patil Publisher: Eloquent Books. 347 pages Book Review by Ramu Nakliba This book is about drug, alcohol and sex addicts. The author is a behavioral therapist and counselor who has been helping such people recover from these problems for over two decades. The pages of this book are full of case studies including actual communications with the patients in the rehabilitation center that Patil works in, in Wallingford, Pennsylvania. This book then, has a large cast of characters who relate the details of their addictions in their interactions with the author. This is an ingenious approach to let readers know about various types of addictions and what perverse effects they have had on people, rather than writing about each type of abnormal behavior in a purely academic fashion. We commend the author for taking such a down-to-earth, practical approach to let readers know about how people become addicts. What differentiates addicts from normal people? Nothing describes addicts better than what is written about them on the back cover of the book: “Visit the sad and often strange world the addicts find themselves in; your eyes will be opened to stories that happened behind the closed doors. Addicts truly believe they cannot live without alcohol or drugs, but the misery of their dependence causes unhappiness, denial and reckless behavior…. “Selfish, distorted thinking, my-way-or-the-highway attitudes abound. Lives are shattered...

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Book Review: Import-Export for Dummies: Everything You Need to Start Importing or Exporting Products and Capture a Share of This Growing Market

Author: John J. Capela Publisher: Dummies – A Brand Imprint of Wiley Publishing – 338 pages Book Review by Sonu Chandiram More than a regular book, this one by John J. Capela is an excellent reference guide that should be bought to be kept by anyone already in or intending to get into the import or exporting business. It contains a wealth of information essential for learning the process (including documentation involved) of  buying goods from overseas and selling them in the U.S. or vice versa. For wannabe exporters, the book contains details ranging all the way from what is an agency agreement (with an overseas company distributing your U.S. product) to a back-to-back letter of credit to a bill of lading to a C&F or CIF price quote; where and how to get a certificate of origin to how to fill up a commercial invoice or a dock receipt, to what information a packing list should contain to what details a proforma invoice should. How to get paid for the goods you exported through a regular letter of credit and what documents you need to present to the bank to get your payment. For potential or in-business-already importers, a whole range of information is available in this book. Importers may need inspection certificates to ascertain the quality and correct quantity of the goods they are buying. Also what...

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Book Review: The Hunger Games

Author: Suzanne Collins Publisher: Scholastic Press – 374 pages Book Review by:  Paiso Jamakar As of today, February 19, 2012, The Hunger Games ranks No.10 on the Amazon Top 100 Bestsellers list. It has been on this list for 509 days, which is about 17 months, or one year and nearly five months. It was first published as a hardcover book in September 2008. This is a novel written for young adults, typically aged between 14 and 22. This book is the first of the Hunger Games Trilogy of bestselling novels by Suzanne Collins. The other two works are Catching Fire, the second book, and Mocking Jay, the third novel in the series. Catching Fire is currently No.14 on that bestseller list, and has been on it for 596 days, which amounts to nearly 20 months or a year and nearly eight months. It was released a year later, in September 2009, after the first novel. Meanwhile the third and final book Mocking Jay is currently No.7 on the aforementioned Amazon list of bestselling books and has been on it for 611 days, slightly longer than the second novel. It was first released in August 2010. That these novels have been among the top 15 books in the United States for over a year and a half speaks for their immense popularity and broad appeal. Stephen King, one of...

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