The Money Club: Is Your Financial Future Safe? What Every Woman Should Know

Marilyn Crockett, Author, Diane Felenstein, With, Dale Burg, With Simon & Schuster $23 (320p) ISBN 978-0-684-83719-2
They call themselves the Money Club; the New York Times has dubbed them the ""Park Avenue women."" Whatever they're called, this upscale, sophisticated group clearly has become as savvy as the Beardstown Ladies. Structuring their investment club, whose fluctuating membership at the time of writing this guide numbered 39, as a limited liability company, the group charges $1100 as an entrance fee, plus $100 monthly for investment and an additional $15 for administrative expenses. And since the Money Club's focus is less on making money for itself than on providing financial education--the group includes partners in law firms, the wives of Revlon's CEO and New York City's police commissioner--the book covers seemingly everything one needs to know to become secure financially: how to manage investments (the authors advocate full-service brokers over discount firms), asset allocation and dollar-cost averaging; the types of insurance one needs, from medical to property; how to protect oneself financially in a divorce (the initiator, before tipping her hand to her spouse, should photocopy all pertinent financial documents). Since most readers don't have access to the experts the Money Club invites to address its meetings, readers will find this guide, assembled by a specialist in retirement planning, a president of a p.r. firm and a columnist for Family Circle, respectively, the next best thing to formally joining such a group. (Sept.)
Reviewed on: 09/01/1997
Release date: 09/01/1997
Show other formats
FORMATS
Analog Audio Cassette - 978-0-671-57493-2
Paperback - 320 pages - 978-0-684-84605-7
X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Email Address

Password

Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.