The Rules for Growing Rich: Making Money in the New Information Economy

The current booming economy has led many investors to mistakenly believe that making a million requires only plowing money into Internet-related stocks. In fact, argues Lereah, chief economist at the Mortgage Bankers Association, when the boom ends and the stock market falls precipitously, investors will need a firm grasp of economic trends, government policy, interest rates and other financial principles to maintain adequate returns on their investments. His book helps readers prepare for the future by offering ""a structure for organizing and interpreting"" the boundless financial information available online. Designed particularly for those who want to learn to use the Internet in managing their investments, this volume carefully explains the principles of stocks, bonds, real estate and other profit strategies. The accessible overview of economic trends and financial reporting is interspersed with occasionally obvious investment rules (e.g., Lereah advises investing in health-related stocks because baby boomers are aging and will be spending more on health care). Overall, this book is a good primer, best for readers with little experience in investing who need help sorting through all the professional data now available to amateurs online. Agent, Alice Martell. (July)