No Hype – The Straight Goods on Investing Your Money: Book Review and Giveaway

I’ve asked QCash, the young and retired millionaire, to write a book review on No Hype – The Straight Goods on Investing Your Money.  Here is a great summary that he came back with.  Be sure to check out the giveaway at the end of the review!

Thanks to Million Dollar Journey for giving me the opportunity to publish my first book review. Let me begin by saying that I enjoy reading books about finances at all different levels, from the beginner to the technical investor. I hope that every time I read a new book, I at least find something new or improve my knowledge even slightly.

Now on to the book: No Hype – The Straight Goods on Investing Your Money by Gail Bebee.

The book is described as a primer for those who are wish to invest beyond the standard bank offered mutual funds and GICs we all seem to start with and need some guidance on the range of investing. The author calls this book “the book I couldn’t find when I began to seriously focus on investing.”

It is different from a beginners guide and it has to be taken in the context of someone is invested but knows they want to invest differently but is not sure why or how.

About the Author

According to the book:

Gail Bebee, B.Sc., M.Eng., is an independent investor. She has mastered the finer points of investing through completion of the Canadian Securities Course with honours, hands-on investing experience, membership in the Tycoons Investment Club and extensive reading.

About the Book

I think that the fact that the book defines itself as a primer for those who “want to get serious” about investing differentiates it from “a beginners guide.” However, Gail is certainly willing to start from the very beginning, talking about the power of compounding and the rule of 72 all the way up to technical analysis of stocks.

I personally found the way she presented the information in 26 bite-sized, yet comprehensive chapters organized in 7 sections useful and an intuitive progression.

While she touched on real estate as an investment vehicle, it was lumped in with real estate, commodities and collectibles. I liked her comment not to confuse your home with an investment in real estate, but her total real estate advice was to stick with REITs. Personally, I feel real estate could have been a chapter in and of itself.

Pros/Cons

I liked her title of chapter 17 – “Alternative Investments – Investments or Gambling” where she warns readers away from flavours of the month and to stick with fundamentals. I have been an advocate of that for many of my less savvy investor friends for years.

The only fault I would have with this book is that for someone offering “no hype”, she is not afraid to provide her own personal opinion on the suitability or appeal of certain investments, but given her experience I would be prepared to take most of her advice. With that said, she is not an advocate of income trusts for reasons she spells out in her book and I would personally disagree with her about certain types of trusts, but that is probably a personal risk tolerance thing.

The Bottom Line

No Hype lives up to its billing as a the Straight Goods on Investing Your Money. While I don’t believe it is for the absolute beginner (there are better books out there to get people started in investing The Wealthy Barber, Smart Couples Finish Rich, etc.), I would recommend this to anyone who is thinking about taking control of your own portfolio or someone who needs a primer on an investment asset class they are not currently utilizing.

And one last thing: I did learn a few new things, especially regarding split share corporations I didn’t know before.

Want a Free Copy?

  • Simply leave a comment and you’ll automatically be entered in the draw for a free copy.
  • Please only 1 comment entry / person (please enter a valid email address).
  • Only those with a North American mailing address may enter (publisher rules, sorry).
  • Contest will end Friday 5pm EST Jan 30, 2009 and the winner announced shortly afterward!
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QCashMan

QCash is a young retiree and self made millionaire. He has built his net worth up to $1.5 million by the ripe age of 36. QCash writes the occasional article for Million Dollar Journey to share in his experience of obtaining a large net worth at a young age. You can read our interview with him here.
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Patrick Cooke
11 years ago

Sounds like a great read!

Kirk S.
11 years ago

Has anyone actually read this and can give a first hand review?

Money Minder
11 years ago

Pick Me!

ZeFrog
11 years ago

I would like to read it.

cbez
11 years ago

Looks interesting…

csplice
11 years ago

One book please!

dukeland
11 years ago

Nice summary. Looking forward to reading this.

Dividend Growth Investor
11 years ago

FT and Qcash,

Great Review. Sign me up for the book giveaway pls!

Alice
11 years ago

Wish me good luck!

Frank
11 years ago

Would love a free copy!

KnowledgeSeeker
11 years ago

Count me in!

Brandon
11 years ago

Sounds like a good read

Frog of Finance
11 years ago

Looks like many bloggers got a copy for review and a giveaway! Count me in. :o)

Darcie
11 years ago

If you can read a book like that and learn even one useful thing, it is well worth the time invested. Thanks, Qcash.

canucktuary
11 years ago

Count me in

mike h
11 years ago

I’d love to win this book!

Mark
11 years ago

Guest Star reviews, Nice!

Chuck
11 years ago

Giggity-Goo, sign me up!

Dane
11 years ago

I’d definitely be interested in reading this one as I’m feeling more than a little confused about what to do with my RRSPs this year ie. buy some index funds while they’re “on sale” or try something a little different.

Rod
11 years ago

sign me up

Lyne
11 years ago

Sounds very interesting. Thanks for the opportunity :-)

Brian
11 years ago

Count me in please.

Luc Richard
11 years ago

Sounds like a good read. Count me in please

Cara
11 years ago

Sounds like a good read.

Marianne O.
11 years ago

I’m in.

jimmy
11 years ago

i like to read this book!

karash
11 years ago

please count me in…!!!

Susan Pipes
11 years ago

Love to win, thank you.

excell
11 years ago

Sounds very interesting. Count me in please!

bill
11 years ago

count me in
Thank you

Niket
11 years ago

Looks like a great read! Good review as well!

Marion
11 years ago

would love a chance to read investing info written from a woman’s perspective!

Dan
11 years ago

Count me in!!

Vincent
11 years ago

Very ineresting book, and thanks for the write up!

Terence
11 years ago

Sounds like a good book. Sign me up!

Xenko
11 years ago

I’m in.

Digger
11 years ago

Sounds like a great book.

Millionaireby45
11 years ago

Hopefully this is my chance to win.

Tony
11 years ago

gotta be in it to win it

Peter
11 years ago

Thanks this sounds like a great book.

Jineshwar singh
11 years ago

very much would like to read this book

Ringo
11 years ago

Count me in, please.

Rob B
11 years ago

Sounds like an interesting read, I’ll see if the library has it yet.

Benoit Anctil
11 years ago

i will like to read it.
like R.kyosaky or more.

Lakedweller
11 years ago

Its time to shed the 3% management fees and take control of our investment’s destiny.

Blitzkrieg
11 years ago

Yes please.

Kevin
11 years ago

Count Me in!

Sauce
11 years ago

I’m in…

Terry
11 years ago

work in the ALT industry. Look forward to reading chapter 17

steve
11 years ago

Looks interesting