This review is an excerpt of Michael Pellechia's monthly BookPage business and finance book round-up.

20 Ways You Lose Money
on Your Way
to the Stock Market

By Scott S. Fraser
Dearborn, $19.95

ISBN 0793117895

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Review by Michael Pellecchia

Some books have more attitude than information. Approached with that in mind, they can be of great use. This brief tome (barely 150 pages) is one of those books.

If you are an individual investor, you know that your advantages and options have multiplied dramatically in the last few years.

Fraser helps the retail investor get a handle on why things don't always work out the way they are anticipated. The author is one of a breed that surfaces every now and then, as the author of a cautionary book. He is a former broker and stock promoter who got an attack of conscience. These types usually write books exposing the inner workings of the retail brokerage industry.

As the author writes, "It is not easy to make investment decisions in the wake of all the possible ulterior motives. . . . As an individual investor, realize your place in the timely market information food chain." This book is designed to keep the retail investor humble about such things.


Michael Pellecchia writes about business and finance books for this publication. He can be reached at michael_pellecchia@bookpage.com.


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