The Money Labyrinth: A Stock Market Guide by a Canadian Broker
Contains Illustrations, Index
Kenneth M. Glazier was Chief Librarian Emeritus at the University of Calgary, Alberta.
The vast majority of people would like to make more money, not only at their job but “on the side” — and they would like to make a lot and make it fast. Hence millions of people in Canada, as well as other countries, buy numerous lottery tickets, go to casinos or the bingo hall, or take a trip to Las Vegas in the hope that all their financial woes will be cleared away by one turn of the wheel or the drum. But many of the same people will shy away from the stock market because they know some friends who have lost a lot on their stocks and only a few who have done well.
Woods discusses the difference between investing in bonds and common or preferred stocks, covering a wide range of topics on such diverse investments as options, commodity features, mutual funds, high tech stocks, and RRSPs and other tax shelters. He also warns of the pitfalls and how to avoid them. He does not tell you how to get rich overnight, nor does he name six stocks that are certain to double in the next year. There is a glossary of terms and an index.
When you tire of playing trivia games, take up this book and you will find a new game which can be both fascinating and rewarding.