You will find correction & updates to your book here! Note that many of the samples
and exercises in the book are basic 
and don't tend to change. The main changes would come from the IRS making changes
in the contribution levels of retirement contributions. We will list corrections and/or changes here by page based on the most recent edition: 


  • Chapter 2 New Info: An issuer or primary market transaction benefits the issuer. The company (issuer) that is raising the money (by issuing/selling securities like stock) sells them to the public (this means to people like you and me). This is called an issuer or primary market transaction. The company is raising money (capital) for expansion or R&D, etc. Example: The company sells stock to you and the money you paid goes directly to the company. A nonissuer transaction does not benefit the company (issuer) because the company does not receive the money paid for the stock purchased by the public. In a nonissuer transaction, you (the buyer of stock or public) sells the stock you had purchased from the company (issuer) in the primary transaction and then sells it to another person. The buyer (other person) pays for the purchase and you receive the money for selling your shares of stock. This is called a nonissuer or secondary market transaction. Example: You sell your shares of stock through your brokerage firm and you receive the money (proceeds) of the sale. If the stock went up in price while you had it, you will make a profit (buy low sell high). If the stock went down in price (buy high sell low), you will lose money and have a loss.

  • Page 143 where the Earnings and Sales numbers are shown at the bottom for (ANIK). The sample Earnings and Sales are for the year 2011. 

• Remember that every 2 years we make book updates, the IRS changes rules on retirement account contribution to keep up with inflation, the markets change on a daily basis, it is best to speak to an experienced advisor to help you with your personalized investment needs, when you don't have much money it may be best to invest in your 401k first up to the amount your employer matches your contribution, then possibly a Roth IRA (tax free) and within these accounts it may be best to choose funds with stocks that pay dividends (ask your advisor or plan administrator) and also ask about the new lifetime annuities which have been incorporated into 401k plans. ASK and you will be FREE!