If Not Stocks, What?

I re-read this recently and it proves to be just as useful as when published in 2004. It gives clear descriptions of investment options, as well as whether or not to initiate those investments in times of high or low interest and boom/bust economies. Warning: As good as this book is, skip the chapters on mortgage-backed investments and affiliated options. The author, like most of us, was duped into believing in the "stability" of the mortgage investment market. He even sings the praises of Freddie Mac and Sallie Mae's financial sturdiness. Hindsight being what it is, it's forgivable. So don't let that sway you from taking a look at this as a primer for neophyte investors.

If you are a little confused on where to put your money, If Not Stocks What? may be the antitdote to your perplexed mind.The stock market has gone through many changes over the past few years. Many investors are a little fearful of losing a chunkof their money in a here today gone tommorow tech stock or a deceptive company like Enron. Gene Walden outlines in simple language the strenghts and weaknesses of many alternate investment vehicles such as convertible bonds, collectibles, tresury bills, and real estate partnerships and trusts. Walden discusses in each chapter the proper timing strategies. In addition, he guides each vehicle to a particular audience. Example: you would not buy into a long term treasury bill during a rising bull market unless you possibly are looking to preserve your income for retirement.Some good reference information is provided. An extensive list of Real Estate Investment Trusts is provided in the first chapter with the appropriate symbols. Also, a few web sites are provided to educate one's self on bonds and treasuries.This book is a good general reference as it certainly won't overwhelm its audience. A more savvy investor might want to purchase some with a little more detail instead of or in addition to this book.