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Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth from a #1 Wall Street Stock Picker
Put Your Money Where Your Heart Is offers a sensible, easy-to-follow yet powerful set of investing strategies for the would-be investor—from the complete novice to those with experience. Natalie Pace urges the reader to begin with an area of investing that they care about or know about, learning how to get rich by putting their money where their passions lie. Her method is based on a three-part investment recipe and a six-step “Buy My Own Island Plan,” all presented in an informative and engaging style. In 2000, Natalie was a single mother about to lose her home because she couldn’t afford to pay her property taxes. She never dreamed during those desperate hours that in two short years she would begin adding a splash of green to Wall Street, transforming lives on Main Street, and making outstanding returns for the men and women who were smart enough to put her theories into practice. Natalie maneuvered her way out of poverty and up above the ranks of Harvard-educated MBAs to become the #1 ranked stock picker on Wall Street. She shows us, through anecdotes and carefully outlined investing strategies, that making the transformation to a life of financial freedom and happiness is easier than one might think. Put Your Money Where Your Heart Is isn’t just another personal finance book. Natalie’s personal story as well as her credibility and expertise in the area of wealth building will inspire and delight readers, revealing her secrets to lifetime success and prosperity.
252 pages, Paperback
First published December 23, 2008
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Displaying 1 - 2 of 2 reviews
September 15, 2020
Very good, some excellent tips.
February 20, 2014
Investing with a metaphysical touch
This book provides an insight into the investment strategies with a philosophical outlook.
It quotes spiritual leaders like Gandhi, and Michael Beckwith of Agape Spiritual center, and mentions Martin Luther King and Mother Theresa. One of the flaws is that there is very little discussion about the current economic crisis that produced domino effect on stock market starting with failure of major investment firms, mortgage industry, banks and finally auto industry. The large scale bailouts with more regulation and government oversight looks more like socialism and the end of free enterprise system. Where is the fighting ground for an investor who wants to pick his stocks with economic and risk analysis. Wall Street wizards like Warren Buffet advise us to buy stock when the prices are low, and wait out for two or three years if not longer until the stocks pick up the gusto. In spite of this confidence building strategy the bleak economic forecasts from president-elect Obama and his advisors that recession may linger on for several years is making more and more investors to pull out of Wall Street.
The book is divided into four parts and each chapter has a take-home message which essentially summarizes the thoughts of the author. Chapters 2, 8 and 9 discuss some basic strategies for the investment. The author provides a holistic view of wealth building with a touch of passion and love. There is an interesting discussion in chapter 3 about the September 1982 incident in which Johnsons & Johnsons stock was severely impacted by the tampering of a Tylenol bottle with cyanide by a retail store customer, but the company handled the problem admirably with products recall and reintroducing the new product in sealed packages, full disclosure to consumers, reassurance and subsequent image building campaign, the stock value gained back significantly. This example illustrates how certain events could influence the investor to lose faith in a stock but a good CEO and his team can win back their stockholders. A discussion about promoting more ethanol than gasoline for automobiles to go green and reduce dependence on foreign oil misses out a key point. Many economists warned that using corn and other agricultural products for ethanol production would increase the price of food products, the basic requirements of people. In a chapter on picking a leader in an industry, the author provides some interesting account of how Google fought successfully with internet giant yahoo for its survival and prosperity in the economic world. MySpace, Rio Tinto (metal mining company), and other examples provide the investors an insight and what to look for in a company that may become a leader in its industry. On this note the discussion about how GM lost its battle economically with Toyota in making hybrid cars. GM simply didn't have the vision required that explains the current state of affairs with American auto industry. In chapter 6 the author introduces to the reader some essential financial terms and how to use them to pick stocks: This is nicely illustrated with examples in solar energy industry. I found the discussion about the growing popularity of ETFs over mutual funds in chapter 7 is interesting and quite useful in your portfolio management. In one chapter the author discusses how organizing investment clubs or associations to discuss financial markets and picking socks is helpful. She discusses her personal experience in this and how it worked for her and her female friends; many women may find this relevant and useful in their wealth building process. In the final part, you find some interesting discussions about the collapse of Enron and how it leaders contributed to its fall; this is historically and economically an interesting discussion since CEO and his team can make or break a company which is important in picking your stock. In the final chapter on "Happy people make better products faster......" the author provides some basic ideas about international investing and concludes that "Even less "free" countries like India and China can experience robust economic growth." It is a common mistake to think India which is democratic and a secular state is less "free" than a Western country: I thought the author is a little more knowledgeable than that.
There are many useful pointers in this book for a savvy investor except for some deficiencies noted in this review.
This book provides an insight into the investment strategies with a philosophical outlook.
It quotes spiritual leaders like Gandhi, and Michael Beckwith of Agape Spiritual center, and mentions Martin Luther King and Mother Theresa. One of the flaws is that there is very little discussion about the current economic crisis that produced domino effect on stock market starting with failure of major investment firms, mortgage industry, banks and finally auto industry. The large scale bailouts with more regulation and government oversight looks more like socialism and the end of free enterprise system. Where is the fighting ground for an investor who wants to pick his stocks with economic and risk analysis. Wall Street wizards like Warren Buffet advise us to buy stock when the prices are low, and wait out for two or three years if not longer until the stocks pick up the gusto. In spite of this confidence building strategy the bleak economic forecasts from president-elect Obama and his advisors that recession may linger on for several years is making more and more investors to pull out of Wall Street.
The book is divided into four parts and each chapter has a take-home message which essentially summarizes the thoughts of the author. Chapters 2, 8 and 9 discuss some basic strategies for the investment. The author provides a holistic view of wealth building with a touch of passion and love. There is an interesting discussion in chapter 3 about the September 1982 incident in which Johnsons & Johnsons stock was severely impacted by the tampering of a Tylenol bottle with cyanide by a retail store customer, but the company handled the problem admirably with products recall and reintroducing the new product in sealed packages, full disclosure to consumers, reassurance and subsequent image building campaign, the stock value gained back significantly. This example illustrates how certain events could influence the investor to lose faith in a stock but a good CEO and his team can win back their stockholders. A discussion about promoting more ethanol than gasoline for automobiles to go green and reduce dependence on foreign oil misses out a key point. Many economists warned that using corn and other agricultural products for ethanol production would increase the price of food products, the basic requirements of people. In a chapter on picking a leader in an industry, the author provides some interesting account of how Google fought successfully with internet giant yahoo for its survival and prosperity in the economic world. MySpace, Rio Tinto (metal mining company), and other examples provide the investors an insight and what to look for in a company that may become a leader in its industry. On this note the discussion about how GM lost its battle economically with Toyota in making hybrid cars. GM simply didn't have the vision required that explains the current state of affairs with American auto industry. In chapter 6 the author introduces to the reader some essential financial terms and how to use them to pick stocks: This is nicely illustrated with examples in solar energy industry. I found the discussion about the growing popularity of ETFs over mutual funds in chapter 7 is interesting and quite useful in your portfolio management. In one chapter the author discusses how organizing investment clubs or associations to discuss financial markets and picking socks is helpful. She discusses her personal experience in this and how it worked for her and her female friends; many women may find this relevant and useful in their wealth building process. In the final part, you find some interesting discussions about the collapse of Enron and how it leaders contributed to its fall; this is historically and economically an interesting discussion since CEO and his team can make or break a company which is important in picking your stock. In the final chapter on "Happy people make better products faster......" the author provides some basic ideas about international investing and concludes that "Even less "free" countries like India and China can experience robust economic growth." It is a common mistake to think India which is democratic and a secular state is less "free" than a Western country: I thought the author is a little more knowledgeable than that.
There are many useful pointers in this book for a savvy investor except for some deficiencies noted in this review.
Displaying 1 - 2 of 2 reviews