by Thomas Maskell
Adams Media, 2009, 256 pp.
If you, or a client, have reached retirement age with only a modest savings for retirement, this book is for you. With no market experience, former engineer Thomas Maskell started his investing career during retirement and learned the business of buying and selling stocks from the ground up. Now he shares that knowledge so others can get into the game.
According to Maskell, a retiree’s chances for success are enhanced, not hurt, by a market collapse. Yet fears of risk may deter them from entering the market at such a late stage. He warns that by keeping a tight grip on what little savings they do have, retirees are losing money. “It is time to defeat the fear standing between you and financial success,” Maskell declares.
The book defines stock market terminology and procedures in layman’s terms and explains its associated risks and rewards. A self-assessment exercise helps readers determine the kind of market players they will be (investor, stock trader or speculator) and develop their strategy accordingly.
Readers will learn to develop a stock-analysis regimen, “spot cause and effect relationships…to profitably predict stock price movements,” and develop the confidence to recognize market opportunities and how to react to them.
By JofA Senior Editor Loanna Overcash