Section II

Blowing Your Money in the Investment Markets: The Turnpike to Financial Hell

The next four chapters assume you have accumulated some money to invest, perhaps because you took the advice in Chapters 3 through 6, perhaps because you are a high earner, perhaps because you have had a windfall. Millions of Americans have laboriously accumulated a nest egg over the years and then decided to invest in something—maybe the stock market, perhaps real estate, perhaps a business started by one of their offspring—and they have blown all or part of the money.

All of this pain could have been avoided if they had understood and practiced the few simple principles in this section.