The Motley Fool What to Do with Your Money Now: Ten Steps to Staying Up in a Down Market

by David Gardner, Tom Gardner

In these turbulent economic times, everyone is asking the same "What should I do with my money now?"
With their trademark irreverence and plainspokenness, David and Tom Gardner, bestselling authors and cofounders of The Motley Fool, answer this critical question and recommend ten important yet quick steps readers can take to survive economic uncertainty, secure their personal finances, and fortify their portfolios. Along the way, they address such important issues
• Is this the time to snatch up stock market bargains?
• Are any mutual funds sure bets?
• Is short-term debt dangerous?
• Bonds, T-bills, CDs, savings accounts -- does it make sense to be conservative?
• Why you should believe in America now more than ever.
The Gardners offer a snapshot view of business and the financial markets at the dawn of the world's "new economic reality" -- all while looking ahead to the future with some timely and timeless guidance for investors.
No matter your age or level of investing experience, The Motley Fool's What to Do with Your Money Now is an indispensable survival manual for our unpredictable economic times.

Genres: Nonfiction, Finance, Personal Finance, Economics, Business

224 pages, Paperback

First published June 1, 2002

About the author

Tom and David Gardner cofounded The Motley Fool, a multi-media financial education company, in 1993. Since then they have co-authored four New York Times bestsellers, including The Motley Fool Investment Guide and The Motley Fool's Rule Breakers, Rule Makers.


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Reviews

[Liliana Belmonte · Rating 5 out of 5]

Great reminders and motivation during difficult financial times! I picked up this as an audiobook just as the market was crashing with the corona virus issues worldwide. I recommend to anyone going through financial uncertainty.

[Mark · Rating 1 out of 5]

An easy read with very little new information from their last book. They acknowledge that they along with everyone else got carried away with the moment during the internet stock boom. They explain if very simple terms why stocks got so high, and what they should not have done. In the meantime these guys do not seem to necessarily know that much in general. They do advocate indexing, but then also say to own good growth stocks like Coke and Starbucks. Sure these may end up being great companies, and maybe they are a bargain, but if everyone were to invest in these companies then these stocks would again be overvalued. They advocate buying what you use and know, but this is still a dangerous way for an unskilled investor to invest, since Enron was something people know and now it’s gone. The best part of this book is their checklist for life including putting away emergency money, getting your will filled out etc. Otherwise I wouldn’t put too much faith in these guys, they are learning like the rest of us.

[Erik · Rating 4 out of 5]

While the loveable Suze Orman is for those trying to get out of debt while planning on future financial investing post-debt, the Motley Bros. are clearly for those of us with a chunk of change and who don't yet know what to do with it in the most effective and money-creating way possible. For this very reason, I read their weekly column in the Sunday PI & Times. Although written during the first part of the last recession in the U.S. economy (2000-2002ish), this particular title is more timely than ever -- what with an imminent recession looming. (Or, as some analysts like to point out, the one that we're well underway on.) Great pointers abound! This is definitely the time to start researching reputable companies whose stocks will be undervalued in the near future. As they quip: "Buy low, sell high."

[Jeffrey · Rating 5 out of 5]

Good stuff (see my other Motley Fool's review).

[Hank]

Dated but fantastic philosophy of investing and money management. I highly recommend these guys and intend to spend more time on their website.

[Viraj · Rating 4 out of 5]

Listened to audiobook. Nice 10 steps for "Fools" to take about finances.