Scott K.

 
Helpful votes received on reviews: 100% (10 of 10)
Location: USA
In My Own Words:
If I could leave you with one thought, there are millions of children that need help in this world, do your part!
 

Reviews

Top Reviewer Ranking: 475,549 - Total Helpful Votes: 10 of 10
Multiple Streams of Income by Robert G. Allen
Multiple Streams of Income by Robert G. Allen
There are some decent things in this book that make a good deal of sense. Items like save first and then spend and letting compound interest work for you are time tested methods for wealth creation. Then there are things like tax leins and network marketing that SOUND great but are often more hassle than reward. Finally, and most concerning is the mention of Nevada Corporations which are getting a lot of people in trouble with their state revenue departments.
The section on covered calls was good as a start, probably the most sensible of the book. Buying options on the other hand is by and large a suckers game. There is nothing on how to price options, or when to sell vs buy as a… Read more
Brilliant Deductions by Wade B. Cook
Brilliant Deductions by Wade B. Cook
This is another piece of self-promotion and inaccurate information delivered by Wade. Avoid attorneys and CPAs, just let us set you up as a Nevada Corp. Wow, that tactic is getting people sued by their state revenue departments for income tax evasion. Check it out!!
Set yourself up as a corporation. Good that way you can pay corporate income taxes and then personal taxes. Oh, but what about protection from lawsuits? There is a concept Mr. Cook missed called "Piercing the Corporate Veil" Check it out!!
What about business deductions? Spend a $1 to save .25 cents in taxes. Hmmm. And if you don't have a "Profit Motive" and a "Profit" you get 0, plus you spent a $1. Check it… Read more
The Winner's Curse: Paradoxes and Anomalies of Eco&hellip by Richard H. Thaler
4.0 out of 5 stars Very interesting!!, April 28 2002
There are some interesting things that you have to think about while reading this book. From how much should you bid if there are multiple bidders in an auction to making the odds work for you in the stock market or the race track. Each chapter explores a different dilemma for the person who "wins".
The only aside I will offer is that the text is hard to read. I am a very light reader and found that the subject matter required several passes in some sections to digest what the author was presenting. Statistically oriented readers should really enjoy this book.