Sunday, March 8, 2009

How I Managed $20,000,000,000 By Age 32 By Wade Slome

How I Managed $20,000,000,000 By Age 32

By Wade Slome

First, a bit about Wade Slome

Wade Slome holds an MBA from Cornell University with an emphasis in Finance. He earned a B.A. in Economics from UCLA. In addition, he holds the esteemed credentials of CFA (Chartered Financial Analyst) and CFP (Certified Financial Planner.) He is the go-to resource for USA Today, The New York Times, Dow Jones, Investor’s Business Daily, Bloomberg, Smart Money and many other media outlets. He presently leads his own investment practice in Newport Beach, California.

Wade Slome has led an adventurous life. He started trading penny stocks in high school stock market competitions after the 1987 Crash. As a freshly minted MBA graduate from Cornell University in 1998, he never expected in his wildest dreams to land on one of the largest mutual funds in the entire United States of America. But at the age of 3.

About How I Managed $20,000,000,000 By Age 32

This book was much more entertaining than I expected. While it was being edited and laid out, I saw portions of it. But, then I received the final book and got a chance to read it. I will admit that finance is not something that I know much about. I can manage my finances and I have done bookkeeping for years - but this is a whole different dimension to finance and economics.

I really enjoyed the fact that Slome takes us back to his childhood and we see his development and learn about his family. Its clear the family and his roots are important and helped shape him into the man he is today.

We go with Slome to his college days and to his internship. Through movies, I've seen the life that financial interns and that comes across in the pages of the book. From no pay and low pay and the very long days that all interns have to survive.

Slome goes into a lot of detail about the job where he managed $20,000,000,000. We get an insider's view of a typical day, the responsibilities and rewards. I'd never thought about the type of people he interacted with during this time period. Imagine being in your early 30s and dealing with titans in business. He met with these very powerful people and it was his job to question just about everything.

Throughout the book, some of the headings include:
Paying His Dues
Chasing Profits
Investment Philosophy
Hedge Funds
Managing Billions

Once we get a clear picture about the man behind the book and the accomplishments, he moves us to topics that are very timely.

Technology and Globalization
Winning Strategies
How to Choose a Financial Advisor
What to Do With Your Portfolio

2008 and 2009 have brought and will bring the biggest financial challenges this country and the world have faced in over a quarter of a century. Most Americans seem to be no clue what to do about their financial future and what to do now. Wade Slome has the background and experience to help people have more information about how to tackle the current and future economic situations.

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