Get Rich Slowly: Building Your Financial Future Through Common Sense

Patience and careful planning are the basic counsel of this thorough and readable financial guide by a Vanderbilt University treasurer and money-management lecturer. The author analyzes financial markets and instruments in terms of an individual investor's objectives (e.g., retirement, a child's education) and tolerance for varying degrees of risk-vs.-return in stocks, bonds, real estate partnerships, etc., from which a balanced portfolio may be compiled for maximum return over time. Among the many aspects of personal finance detailed here, Spitz explains how compounded income from a selection of mutual funds can build a fortune and how, with greater risk, various industrial situations can reward (or penalize) more direct investment in stocks ``to beat the market.'' (July)