MIAMI, Jan. 3, 2006 (PRIMEZONE) -- The global market never rests, and it affects nearly everyone on the planet. Despite this, many people do not take advantage of available opportunities because they do not feel comfortable with financial matters. Former Goldman Sachs banker Michael Fischer presents underlying principles and financial education that can help more people get into the game in his new book, Saving and Investing: Financial Knowledge and Financial Literacy that Everyone Needs and Deserves to Have! (now available through AuthorHouse).
Saving and Investing offers a factual account of what accumulating returns means to potential investors. Fischer clearly explains how saving and investing works, why financial markets are so important, what kinds of investments there are and how readers should approach this whole subject. He also examines how the economy works and presents information that is essential for beginners to know their way around the marketplace.
The book begins with a discussion of why compounding is important to building wealth over the long term. Fischer warns readers that this same principle can apply to debt as well. Fischer builds on compounding by presenting why, when and how one can receive returns that allow compounding to take place, and what affects one's earning potential. Investment choices, inflation and the market's annual performance all affect one's ability to save, and Fischer explains these in subsequent chapters. He also focuses on practical saving and investing considerations such as human nature, diversification, taxes and the cost of transactions, and how these affect what we should do and think about. Finally, Saving and Investing summarizes how to get started. A glossary of terms is also provided to further guide readers through unknown territory they may encounter.
A vital tool for improving financial literacy, Saving and Investing offers an entry point into a realm that involves calculated risks and rich rewards.
As an undergraduate, Fischer studied engineering at the University of Toronto. He worked as a project manager and salesperson after his graduation and later applied to INSEAD, one of the world's top business schools, where he completed his MBA. During nine years at Goldman Sachs, Fischer provided investment advice to some of the largest mutual funds, pension funds, hedge funds and private banks in the world. He is a Chartered Financial Analyst and has bought and sold billions of dollars of investments and encountered hundreds of different investment strategies. He splits his time between North America and the United Kingdom; Saving and Investing is his first book. For more information, visit www.savingandinvesting.com.
AuthorHouse is the world leader in publishing and print-on-demand services. Founded in 1997, AuthorHouse has helped more than 18,500 people worldwide become published authors. For more information, visit www.authorhouse.com.