From the Bookshelf
“Investing for Income: Grow Your Income Through Smarter Investing” (Financial Times/Prentice Hall, 2011) gives readers an extensive overview of income-producing investments and portfolio strategies. Novice investors will learn about the role savings accounts, annuities, bonds, stocks and funds play in an investment strategy. Advanced topics, including adjusting allocations with age and rebalancing, make the book appealing to more experienced investors.
Financial journalist David Stevenson strikes a good balance between giving thorough explanations and not shying away from more complex subjects. Third-party research, charts and tables are interwoven seamlessly. He does mix British and American financial products throughout the book, though the investment management concepts apply equally to both sides of the Atlantic.
A common theme in the book is that no investment is without risk, whether from inflation or a decline in price. To that end, Stevenson includes tables that compare and contrast suggested investment options for investors with low, moderate and high risk tolerances.
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