fainancial

I had the wonderful opportunity to speak with him, before and after reading the book. I was impressed at the amount of time he took to research and develop his ideas into concrete strategies and examples that everyday investors can use.

As the author of the book Futures for Small Speculators and several other books on high-risk investments- I thought that I would find the information rather boring- and treading over the same old tired reasons to buy and hold stocks.

This was never the case. Mr. Heiserman proved to me that the same kind of concentrated effort that I use to trade fast moving markets, can and should be applied to stock picking for the long term.

Buy a copy of this wonderful book if you intend to retire with a decent nest egg.

Noble DraKoln
Liverpoolgroup.com

It's Earnings that Count should be on every investor's bookshelf. Whether you are a seasoned investor with an extensive background in accounting or just a beginner, this book is a must-read. Hewitt Heiserman effortlessly incorporates Benjamin Graham's defensive and enterprising perspectives into one easy-to-use system to determine a company's true earnings power. While these two methods are well known to the avid investor, Mr. Heiserman presents them in a fresh visual perspective, which through example, empowers the reader to not only learn how to discover the next Microsoft, but also how to avoid the next Enron or WorldCom.

This book describes a fundamental approach to stock selection. It combines the "margin of safety" approach using free cash flow of Graham with the Economic Value Added (EVA) approach of determining returns in excess of its weighted average cost of capital. The author charts these new Defensive EPS and Enterprising EPS so you can see if they meet a minimum test.

The book is easy to read and the techniques are easy to apply. The author also gives you some extra ratios to help screen out your long term purchase candidates.

It's not a deeply academic book but more of a presentation of practical advice and a proprietary fundamentalist stock selection system that will keep you out of trouble. The author also discusses how to evaluate management and how to evaluate competitive advantange. These chapters were also good.

There are many interesting examples in the book. The book makes it look simple but I'm sure there are many areas in financial statment analysis where you'll be scratching your head to create these new EPS figures. Still, overall the book is great.

John Dunbar
Sugar Land, TX

This was an excellent book and gave me a very good understanding of distributions rules prior to January 1, 2001; however, the laws have since changed and I would not buy this book today. Much of the rules explained here are still the same, but you would have to know the material you are supposedly buying this book to learn in order to know the difference. If a new edition came out, I would buy it.

As always with Seymour Goldberg, the information is outstanding. I don't like the question and answer format, which I feel is an inefficient way to convey information, but others might love it. It is very difficult to acquire comprehensive information on IRA distributions and this is a very good source.

Seynour Goldberg takes the reader though all the intricicies of a complicated subject and provides the information necessary to make an informed decision. The pluses and minuses of single vs joint life expectancy and term certain vs recalculation are clearly defined for the IRA owner who must make decisions regarding required minimum distributions upon reaching 70 1/2 years of age.

This book is the best in the market so far for accounting process improvements. The author did a great job in outlining the traditional and revised accounting procedures. Lots of opportunities available to streamline the work process and enhance the information flow. There are lots of useful flowcharts and tables that you can apply to your company right away.

I wish this book existed during the turbulent 80's and early 90's. Outmoded accounting system's, corporate reorganizations, high employee turnover, pressure to do more, faster with fewer resources. As a Controller, most of my biggest headaches involved the amount of time required to close the books. The original closing schedule was 10 days into the new period. Then it was 8 days. Then 5, then 4 days.

I can't even guess at the time I could have saved had I known the techniques the author demonstrates in Just-In-Time Accounting.

This is not your usual accounting tome, based on statistics and theory. This is real stuff. Built out of scar tissue, experience and real world solutions. They are not necessarily easy solutions but lasting solutions worth the effort to implement.

The content deals with streamlining some basic areas:

Cash - How to speed up the process but still keep control. Some very interesting ideas about corporate credit cards, using your bank and lock boxes to save time and money.

Sales & Accounts Receivable - Some good ideas about redundant approvals, and minimizing paper.

Inventory - With hundreds of physical inventories under my belt I can vouch for the absolutely necessity of doing what the author recommends. This area was one of my great bugaboo's. Nothing affects the balance sheet like an inventory error. This involves bills of material, suppliers, production records, and computer system's. This is a whole world in itself but the problem(s) and solutions are concisely described here. Get your inventory under control and the rest is cake.

Accounts Payable - Good stuff that took me a long time to discover on my own.

Cost Accounting - Mostly about why you need it and how it allows you to spot P&L problems before the month ends. This is one of the critical areas to review since it is necessary for faster closes. Get the major variances identified early in the month instead of wasting time digging it up 4 or 5 weeks after the events occurred. One comment I have is the need for weekly staff meetings to review what happened last week, how will it affect this week and what is being done about it. These meeting will point out problem areas for the controller to preempt delusional variance explanations after monthend.

Payroll - Many good ideas that work. I have used the barcode system's.

The Budget - You probably know about these already but there are some time-saving techniques to minimize constant re-casting and interations.

EDI - I'm not too familiar with this.

The Quick Close - It can be done. This tells you how and I can vouch for the soundness of the concept. I actually set a corporate-wide benchmark of 1-1/2 days using these techniques. In my view that is the real payoff since it is the realization and payoff of all the other hard work. Gives you more time to do yet another iteration of the budget.

Some of the examples apply to huge corporations but most of the principles are universal. I really can't find fault in this book. It tells the controller, in the real world, how to get your system(s) sorted out. I have seen many "instant pudding" or fad of the month cause real damage if it didn't really work. There is no downside to these techniques. This is motherhood and apple pie. You can't go wrong trying.

A great reference on aspects of operational accounting -- easy to read and use format.

The author outlines strategies to increase your retirement
income. He advises us to study the top plans in industry and
then to try customizing the successful elements of the top
plans into our own investment program. He indicates that
fast growth in overseas markets could benefit our own portfolio.
The author cautions that an early retirement could deprive us
of the maximum social security allotment. He praises the Keogh
plans for providing fully taxable contributions now. The overall
thrust of this book is excellent. I would supplement it with
investments in real estate to maximize cash flow in the
retirement years. If you don't own a house now, buy one.
If you already own a house, make the sacrifice to buy another.
The added cash flow from a second home will more than supplement
your future social security check. There are many programs
out there which deal with real estate accumulation. The
Carleton Sheets Program "Nothing Down" is an excellent source
for purchasing real estate. Dave Del Dotto is another good
source. Matthew Lesko has books out there which show you how
to maximize government grants to accumulate wealth.

This work is a solid value for the price charged. As mentioned
above, I would supplement this work with real estate investments.
The United States Government, the States and local municipalities
are doing more to get people to purchase their own homes than
at any other time in our history. Interest rates are at an historic low level. Good luck and utilize all of these tools
to maximize your own personal portfolio of investments.

This book will help you make sure there's enough money to enjoy those 20 or more "golden years," once you stop working. Learn to estimate your needs, manage your investments and debts, and monitor your retirement plan's "pulse." Includes ways to get the most out of 401(k)s, Keoghs, IRAs, and early retirement -- while you avoid pension-payout traps.

This book lays out what you need to know about planning your retirement using easy to understand text and charts. The chapter I liked best was: Step 12 Monitor Your Retirement Plan's Pulse, I think its a good idea to read this chapter first.

Great book I can now see that we need to get back to having our money backed by gold and silver I have used Liberty Dollars in many states and find that many like what it stands for.
http://www.chooney.com/liberty/liberty1.html
Buy this book you wont go wrong one you read it you will want to
use Liberty Dollars also and we all will take back our money one Liberty Dollar at a time

About three years ago, while reading Otto Skinner's 'The Biggest "Tax Loophole" of All', I became aware of the phenomenon known as fractional reserve banking. Why is it a phenomenon? Essentially, fractional reserve banking is the ability to create money out of thin air. Or more accurately, the license to create money out of thin air. Black's Law Dictionary defines "license" as, "The permission by competent authority to do an act which without such permission, would be illegal." But it isn't the people doing this. It is the bankers courtesy of the Federal Reserve Act. People like the Rockefellers, Nelson W. Aldrich, J.P. Morgan and Paul Warburg. This books goes into the details. Fantastic information explaining the history of money, where the national debt comes from, why statists depise gold and silver and suggestions on what you can do about the problem of fiat currency. I, above all things, stopped using Federal Reserve Notes and credit cards and started using the Liberty Dollar. I signed up as an associate two years ago. It has been a fun and informative journey. I also have met Bernard von NotHaus on several occassions.

A riveting book that will open your eyes to the ecomomic problems in our society and how we got here. But best of all it explains in detail the solution to those problems. I loved it.

The book was well thought out.It was extremely organized,a quick read with useful information.The author put's in writing what we have heard before but never act upon.I have already put to use some of her idea's and have saved money.

First time author, Doris Spears, shares her insight on living the better life without sacrificing quality. For either the savvy investor or cost conscience consumer, Ms. Spears, provides tips from buying clothes to cars, from dining out to traveling the world and from investment strategies to real estate purchases. Don't let the small price fool you, this book has something for eveyone. Buying this book is your first step towards Living Better for Less!

This book brings us back to simple but very basic ideas. If you handle things once at the right time, it saves you time money and energy. I like the fact that it's written simply- it's an easy read but very effective. I even gave one to two of my daughters who are 18 and 20. It's never too early to start out right. My thanks to the author for bringing us back to basics!

The global economy, especially those aspects dealing with global finance, often appear to be intimidating in their complexity. Susan Strange decodes processes of finance and monetary policy and puts them in terms that just about anyone can understand. There is, in fact, nothing that complex about these processes at all. The metaphor of "casino capitalism" still holds...and they are playing with your money. One would do well to read this in combination with a book by George Soros. Comprehensive, but readable. A great book.

Please me know if this book will be tranlsated into Korean, in a few year

I would like to know if that book is going to be translate in french. Thank you.

This Series "Schwager on Futures" is the biggest work has ever been written on futures trading. As a Futures Trader I advise everybody to read these books before to starts any real trading in Futures, that if not taken in the proper way can be very painfull. As a Member of IFTA(International federation Of Tecnical Analisys)I suggest you to read it joint with John Murphy's "Technical Analisys f Futures Markets" and "Intermarket Technical Analisys" this will give you a integral knowledge of Futures Environment that is what you need on your Trading philosophy. I always let these books on my desk because I need them so many times during my trading day. THEY ARE A REAL REFERENCE. The good thing of this series is that you can test your comprension by the various study guides. Reading the book about "Managed Trading" You can even get able to judge the returns of the various CTA and decide when it is better to invest in them and to whom give your money.Probably you are not be interested in the Fundamental analisys book but remember, especially in the commodities markets, EVEN IF YOU ARE GOING TO TRADE TECHNICALLY IS VERY IMPORTANT TO UNDERSTAND FUNDAMENTAL ANALISYS!!! Thank you very much to have spent all this time for read me. If you still have some doubts do not hesitate to contact me at my E-mail. Buon Trading!!!

An excellent book, not for the amateur. Prospective readers should also be aware that CTA requirements are very high; running into millions of dollars. The next best choice are pools. However even these will require at least $25,000. This is a great book for would be hedge-fund investors as well. Schwager's ideas on monthly rebalancing and investing during drawdown periods are great examples of how counter intuitive ideas are very often the correct ones in the world of investing.

Jack Schwager is one of the best writers around on the subject of futures and trading. Let me begin by saying that this is one of my picks for the three best books of 1996. Why? First of all, it is one of the few books on futures trading that is statistically sound and sensible. There are three main themes:

1. Performance numbers are often not what they appear to be.

2. Past performance is far less predictive of future performance than generally believed.

3. There are investment strategies that can be used to enhance expected portfolio performance.

In my opinion, no one should include managed futures in a portfolio without this book. And the techniques of measurement and analysis described here set the standard for those who would be Commodity Trading Advisors. I recommend it highly!

Great book. Clear and helpful. If you want to learn about control systems and business management control, this is the book you need.

Es un excelente texto de apoyo para la docencia. Tanto mis alumnos como yo lo hemos utilizado. Es importante el aporte de los autores con los casos de estudio que entregan en cada capitulo, que permite en tender y reforzar los conceptos vertidos en el mismo

A straight-forward no-nonsense approach backed by the right mix of cases. Expensive but worth every penny.

The first time I saw the cover of Master Your Money (in Nairobi, Kenya, at my fiancee's place of work), my heart went cold. Financial management was a topic that scared me. I skimmed through the book and, for some reason, I started reading the first chapter. Before I knew it I had borrowed the book, read and reread it, made notes and outlined my financial present and future.

I presume the three key questions did the trick: Will I have enough money? How much is enough? Or possibly the graphic on the overall financial goals gave me a simple and clear picture on personal financial management. These clarified the issue on managing money in such a simple, easy way that I saw myself achieving my financial and non-financial goals. I had determined early in life to keep out of debt and the lessons I learned in MYM reinforced my resolution.

Needless to say, I recommended the book to friends, nay, I bought the remaining copies from the local bookstore that had them and ordered for some ten more to distribute to friends. They were excited and agreed with me that this was the book! I want more copies from friends. Five stars did you say? I would say it's a 6-Star book. It is excellent.

My husband and I worked through this book together. It is straight forward and really makes you think through the concepts of managing your money and resources. The book challenged us to take a step of faith and follow the biblical principles of money management. By applying those principles we were debt free (except for our house!) within one year - plus we actually saved money. We opened a general savings account, repair account and a Christmas account. I encourage anyone struggling with debt, or poor money management to read this book.

Many books on financial planning focus on "how to do it." But for most people, those "how to" stuff remain as dreams that are not implemented. Ron Blue and Chuck Swindoll explain the inner problem why we get stuck in financial hole, dealing with the roots of financial problems that are true to human beings. Then they lead their readers to a series of life-transforming actions that are applicable immediately. These heart-and-mind actions will translate into powerful, inner motivations that will energize you to apply the practical, well-researched, up-to-date, realistic "how tos" they provide in this book. I use this book in my work as a leadership development consultant. My wife, an investment funds adviser, includes this book in her seminars and personal financial counselling.