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

The Rules for Growing Rich, David Lereah’s manual for “Making Money in the New Information Economy,” is a sophisticated compilation of tools and suggestions for tackling today’s high-tech world of finance. All investors, writes Lereah, chief economist for the Mortgage Bankers Association, now “have almost instantaneous access to an abundance of investment data once available only to professional investors. Understanding how to sort, interpret and evaluate this information is critical in developing successful investment strategies.” He subsequently offers authoritative advice on formulating such tactics and applying them in any economic scenario. Lereah begins with solid advice on monitoring the overall economy via cyberspace, pointing out the potential significance of interest rates, employment reports, and other business-cycle indicators (and noting, in each case, online sites that follow them). He then focuses on individual instruments used to act upon this information–stocks, bonds, real estate, options, futures, and international assets–along with investment principles to apply in good times and bad. These 201 resultant rules offer specific guidance for assorted situations, incorporating variables such as housing starts, durable goods orders, and the other regular reports discussed in the preceding section. There is a wealth of counsel here for diligent long-term investors who put in the time necessary to absorb it. –Howard Rothman

Go figure. Before David Lereah wrote the authoritative tome “Why the Real Estate Boom Will Not Bust – And How You Can Profit from It”, he wrote a book on how to make money from cyberspace in 2000!

Now, 9 years later, this may be the perfect time to click and buy this book from Amazon.

Let’s face it, this year so far hasn’t all that great for the Silicon Valley. But that means only one thing – next year things are going to take off! And once it does, you need to be there at the bleeding edge of cyberspace!

Do you have the rules for growing rich? If not, David Lereah can help.