If you have ever wanted to get into investing, but you weren’t sure where to start, there are thousands of books out there that will get you started. But they are not all created equal. From sky high hope crushers to real world advice, you’ll have plenty of topics to go over. The Single Best Investment by Lowell Miller proclaims to help you decide which investment is the most important one, but can it live up to the title? Let’s find out!

While the book is very well written, we didn’t find that it covered anything really new. Which is not a problem in and of itself, unless you are expecting the book to contain earth shattering information that will make you a millionaire overnight. Basically, the premise is that your best investment is in stocks that are highly rated and have big payouts. You don’t really need to be an economics major to figure that one out, but there is a lot of merit to the actual discussion about these investments.

Dividends are a terrific means of creating multiple streams of income and who doesn’t like having extra money coming in? If you’ve got the money and the ability to find these stocks, then they are a solid way of making more money. There is still a good amount of risk involved, but by taking the time to research the stock carefully, you can limit this. No investment is fool-proof, but you can make a lot of money with these stocks.

He does provide some great advice on how to determine the overall quality of stock and what you need to look for if you are interested in this type of investment. Again, pretty basic stuff but useful to some. We did like the chapter on knowing when to sell and found that this was probably the best section in the book, especially for those new to investing.

Overall, we found that the book contained some pretty good advice. It is best suited towards those that are just getting started in the investment world, or for those that already have money and need to learn how to make more quickly. It won’t do much good for those that are still trying to save money, but in this case, leveraging may be the best answer.

We recommend this book to those that need to learn about how stocks work and the market in general. Pros won’t find much to learn here, since much of the information is basic and already well covered or known. That doesn’t make it a bad book, just one that needs a specific kind of reader. It’s not the worst book ever written on investments, but it’s not the best either. It holds that good middle ground where it’s just enough to make you want to read it and some readers will take away a good amount of information and advice they can put to use. For that, we give it a recommend.

Originally posted 2008-08-29 05:27:15. Republished by Old Post Promoter

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