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Delete Your Broker.com: Using the Internet to Beat the Pros on Wall Street

Name: Delete Your Broker.com: Using the Internet to Beat the Pros on Wall Street
Author: Christopher M. Byron
ISBN: 9780684854687

by Christopher M. Byron

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Overview

The Internet has leveled the financial playing field. In deleteyourbroker.com, popular financial columnist Christopher Byron shows novice and experienced investors alike how to navigate the wealth of financial information now available and zero in on the most important, the most useful, and the most reliable sites. With his trademark wit, irreverence, and a dash of healthy skepticism, he directs readers to valuable resources on the Internet -- from programs that will evaluate the asset allocation in your portfolio to sites that provide detailed information about a stock's past performance, or those that offer vital financial news, such as announcements of upcoming stock splits. deleteyourbroker.com also provides a solid primer on the fundamentals of investing, from the principles of asset allocation to how to analyze a stock and read a balance sheet and other financial documents. It does all this using Internet resources that you can access free or for a nominal charge.

With the no-holds-barred approach for which he is known, Byron cuts through the hype surrounding such practices as day-trading, "Bulletin Board" stocks, online IPOs, and other get-rich-quick schemes, showing readers how to tell the difference between valuable information and misleading smoke screens. He illustrates his lessons with plenty of anecdotes from the world of business -- and spares no one.

Packed with practical tips and enlivened by Byron's take-no-prisoners analysis, deleteyourbroker.com is the essential guide for anyone thinking of investing online.

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Editorials

From Barnes & Noble

Journalist Christopher Byron teaches readers how to avoid the investment swindles so prevalent in today's market, differentiate between valuable statistics and misleading smokescreens, and uncover an astonishing amount of financial information with just a few clicks of the mouse. And for those who may be Internet savvy but don't know much about investing, Byron also provides solid guidance on the basics -- from asset allocation to reading a balance sheet.

Publishers Weekly - Publisher's Weekly

Byron, a columnist for the New York Observer and MSNBC, presents a lucid, practical and witty overview of the current investing scene. While noting the importance of pragmatic investing for long-lived baby boomers, he cautions investors about the perils of online information and instantaneous trading, as well as about today's technocentric economy. In addition to solid advice on managing cash flow and investing techniques, he lists many useful Internet sites. The book's slightly intellectual approach should earn good reviews, but it may not appeal to readers looking for a household name. (Jan.) Copyright 2000 Cahners Business Information.

Library Journal

Despite the timely sounding title, this is actually a conventional investment book that uses investing on and in the Internet to provide a review of basic investment strategies and principles. Byron, a columnist at MSNBC and formerly an editor at Forbes, focuses on asset allocation, technical and fundamental analysis, cash flow, and financial statement analysis. The dot-com portion comes in when Byron uses web companies as examples or highlights web sites that offer useful data for the individual investor. The explanations are clear and complete enough to serve the beginning investor even without discussing the Internet. The case examples are longer and better illustrate the point he wishes to make than those found in most general business titles and are quite detailed about the pitfalls of the stock market. Byron clearly doesn't like fads, IPOs, or day trading. The last eight pages list some of his favorite web sites. Of a half dozen or so books identified by WorldCat on electronic trading, only Henry Robb and William Arnold's Unofficial Guide to Online Investing (Macmillan, 2000) comes remotely close to this work in content. A good, jargon-free, well-written investment primer.--Patrick J. Brunet, Western Wisconsin Technical Coll., La Crosse Copyright 2000 Cahners Business Information.