Leverage: The Key to Multiplying Money

In clear, direct prose, financial planner Krefetz gives an absorbing analysis and how-to advice regarding the money game of our time: the use of investment ""leverage'' by borrowing up-front money to increase holdings and eventual profit. The principle is applicable, the author shows, to the whole range of investment vehiclesreal estate (its depreciation factor makes it best of all, according to Krefetz), stocks (including ``margin'' buying made infamous in the 1929 crash), bonds (also considered are ``glamour'' convertibles), financial futures, warrants and indexes (all risky but potentially lucrative), and the special worlds of gold and foreign exchange. Crucial, it is made clear here, is the cost of money (interest) with which to pry the lever. Most welcome for some readers will be an ``addendum'' on sources of credit. There is also a glossary of financial terms. 25,000 ad/promo. January 9