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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!








173 Comments, Comment or Ping
1. Patrick Cooke
Sounds like a great read!
January 27th, 2009 at 8:20 am
2. Kirk S.
Has anyone actually read this and can give a first hand review?
January 27th, 2009 at 8:43 am
3. Money Minder
Pick Me!
January 27th, 2009 at 8:58 am
4. ZeFrog
I would like to read it.
January 27th, 2009 at 9:04 am
5. cbez
Looks interesting…
January 27th, 2009 at 9:05 am
6. csplice
One book please!
January 27th, 2009 at 9:11 am
7. dukeland
Nice summary. Looking forward to reading this.
January 27th, 2009 at 9:56 am
8. Dividend Growth Investor
FT and Qcash,
Great Review. Sign me up for the book giveaway pls!
January 27th, 2009 at 9:59 am
9. Alice
Wish me good luck!
January 27th, 2009 at 10:02 am
10. Frank
Would love a free copy!
January 27th, 2009 at 10:08 am
11. KnowledgeSeeker
Count me in!
January 27th, 2009 at 10:10 am
12. Brandon
Sounds like a good read
January 27th, 2009 at 10:17 am
13. Frog of Finance
Looks like many bloggers got a copy for review and a giveaway! Count me in. :o)
January 27th, 2009 at 10:35 am
14. Darcie
If you can read a book like that and learn even one useful thing, it is well worth the time invested. Thanks, Qcash.
January 27th, 2009 at 10:35 am
15. canucktuary
Count me in
January 27th, 2009 at 10:43 am
16. mike h
I’d love to win this book!
January 27th, 2009 at 10:45 am
17. Mark
Guest Star reviews, Nice!
January 27th, 2009 at 10:50 am
18. Chuck
Giggity-Goo, sign me up!
January 27th, 2009 at 10:54 am
19. Dane
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.
January 27th, 2009 at 11:07 am
20. Rod
sign me up
January 27th, 2009 at 11:14 am
21. Lyne
Sounds very interesting. Thanks for the opportunity :-)
January 27th, 2009 at 11:27 am
22. Brian
Count me in please.
January 27th, 2009 at 11:33 am
23. Luc Richard
Sounds like a good read. Count me in please
January 27th, 2009 at 11:34 am
24. Cara
Sounds like a good read.
January 27th, 2009 at 11:38 am
25. Marianne O.
I’m in.
January 27th, 2009 at 11:40 am
26. jimmy
i like to read this book!
January 27th, 2009 at 11:40 am
27. karash
please count me in…!!!
January 27th, 2009 at 11:41 am
28. Susan Pipes
Love to win, thank you.
January 27th, 2009 at 11:41 am
29. excell
Sounds very interesting. Count me in please!
January 27th, 2009 at 11:41 am
30. bill
count me in
Thank you
January 27th, 2009 at 11:44 am
31. Niket
Looks like a great read! Good review as well!
January 27th, 2009 at 11:46 am
32. Marion
would love a chance to read investing info written from a woman’s perspective!
January 27th, 2009 at 11:50 am
33. Dan
Count me in!!
January 27th, 2009 at 11:51 am
34. Vincent
Very ineresting book, and thanks for the write up!
January 27th, 2009 at 11:51 am
35. Terence
Sounds like a good book. Sign me up!
January 27th, 2009 at 11:51 am
36. Xenko
I’m in.
January 27th, 2009 at 11:53 am
37. Digger
Sounds like a great book.
January 27th, 2009 at 12:04 pm
38. Millionaireby45
Hopefully this is my chance to win.
January 27th, 2009 at 12:16 pm
39. Tony
gotta be in it to win it
January 27th, 2009 at 12:23 pm
40. Peter
Thanks this sounds like a great book.
January 27th, 2009 at 12:25 pm
41. Jineshwar singh
very much would like to read this book
January 27th, 2009 at 12:29 pm
42. Ringo
Count me in, please.
January 27th, 2009 at 12:31 pm
43. Rob B
Sounds like an interesting read, I’ll see if the library has it yet.
January 27th, 2009 at 12:32 pm
44. Benoit Anctil
i will like to read it.
like R.kyosaky or more.
January 27th, 2009 at 12:32 pm
45. Lakedweller
Its time to shed the 3% management fees and take control of our investment’s destiny.
January 27th, 2009 at 12:33 pm
46. Blitzkrieg
Yes please.
January 27th, 2009 at 12:39 pm
47. Kevin
Count Me in!
January 27th, 2009 at 12:40 pm
48. Sauce
I’m in…
January 27th, 2009 at 12:44 pm
49. Terry
work in the ALT industry. Look forward to reading chapter 17
January 27th, 2009 at 12:46 pm
50. steve
Looks interesting
January 27th, 2009 at 1:07 pm
51. Sean Hyde
I’m in…
January 27th, 2009 at 1:12 pm
52. Senk
Looks like a good book.
January 27th, 2009 at 1:13 pm
53. Bryce
Can’t wait to read it.
January 27th, 2009 at 1:28 pm
54. Ian
Well if Qcash has learnt something that is good enough for me!
January 27th, 2009 at 1:30 pm
55. Ryan
Sounds like and interesting read.
January 27th, 2009 at 1:36 pm
56. Derek
I’ve read Smart Couples Finish Rich; I’m ready for the next step.
January 27th, 2009 at 1:36 pm
57. Steve in Montreal
Great to see QCash back. Sign me up.
January 27th, 2009 at 1:37 pm
58. Broke
yummy
January 27th, 2009 at 1:38 pm
59. Brian
No Hype _ i would love to read it. this book might have something that help me out.
January 27th, 2009 at 1:41 pm
60. george
great blog, good review … free book (?)
January 27th, 2009 at 1:43 pm
61. Adam
Looks good!
January 27th, 2009 at 1:46 pm
62. Gregory Quebec
I am happy I came across your review, it made the book sound very promising
Gregory,
Quebec
January 27th, 2009 at 2:09 pm
63. Sarah
Sounds interesting! And sounds like it was written at about my level… wanting to move beyond.
Thanks for the blog -
January 27th, 2009 at 2:10 pm
64. Kurt
Would love to read that!
January 27th, 2009 at 2:10 pm
65. Carole
I need help!
January 27th, 2009 at 2:12 pm
66. Jesus
Count me in.
January 27th, 2009 at 2:16 pm
67. Swati
A rather interesting book, and something I will probably purchase/borrow from library if I don’t win it.
The book perfectly defines my situation at this point…I am invested here and there, I read about it when and where I get a chance…but still don’t know where to begin or what the “next steps” should be. I am also confused on how people define asset allocation in a dozen ways. Some people differentiate between mutual funds/stocks/bonds in their “asset allocation” and some canadian/us/foreign and some small/med/large (I have NO idea how to determine that one).
Looks like a good read. Thanks for the opportunity
January 27th, 2009 at 2:16 pm
68. AndrewM
I’ll take it!
January 27th, 2009 at 2:17 pm
69. Caroline
Boo-yah! I’d love a copy of this book.
January 27th, 2009 at 2:21 pm
70. Alex
Sounds like a great book. Sign me up!
January 27th, 2009 at 2:21 pm
71. Walk
Sign me up :)
January 27th, 2009 at 2:28 pm
72. Amon Anus
Sounds like a good read!
January 27th, 2009 at 2:35 pm
73. telefantastik
count me in! :)
January 27th, 2009 at 2:47 pm
74. rachel
i’m in
January 27th, 2009 at 2:48 pm
75. Elman
I need this book !
January 27th, 2009 at 2:50 pm
76. Kristy
Hi, Thanks for posting this review. I am starting the journey of learning how to control my own investments and any tips on good resources are always appreciated!
January 27th, 2009 at 2:50 pm
77. Brian M
Interesting article on this new book. I enjoy reading other perspectives on investing and financial planning and look forward to this one as well. I have checked my local library and have not found it as of yet. I am very curious about Gail’s beliefs on REIT investing as I favour them (in limited amounts) within my portfolio.
Excellent website to have created, keep promoting financial awareness and education to the masses :)
January 27th, 2009 at 2:52 pm
78. Joel
Sounds like a useful book
January 27th, 2009 at 2:53 pm
79. Tish
I think that this book will be very helpful and assist me in getting on the right path…..
January 27th, 2009 at 3:03 pm
80. Astin
Can’t speak to the quality of the book, but that blurb about the author turned me right off it.
She’s got degrees in Science and Engineering, took the CSC (a multiple-choice exam for a self-study course required for any Canadian trader, that is NOT that difficult), joined an investor’s club, and read a lot… and she’s “mastered” the finer points of investing? Talk about hype.
January 27th, 2009 at 3:08 pm
81. Chris
would love to read it
January 27th, 2009 at 3:09 pm
82. Dwight Thompson
I would love to have a read
January 27th, 2009 at 3:13 pm
83. Neeraj
count me in.
January 27th, 2009 at 3:14 pm
84. Qubikal
i want the book!
January 27th, 2009 at 3:15 pm
85. Eric KunzE
Looking for investment advise
January 27th, 2009 at 3:19 pm
86. Wade
Thanks for your great site – even though I’ve been investing for many years, I still find your articles of interest. I’d love to win the book.
Wade
January 27th, 2009 at 3:24 pm
87. Andrea
I would like to read this book… pick me.
January 27th, 2009 at 3:38 pm
88. fillalph
I would like to read this as according to the reviewer it covers basic investing as well as going into some detailed stock analysis.
Cheers
January 27th, 2009 at 3:40 pm
89. Jules @ Lovely Las Vegas
Please count me in.
January 27th, 2009 at 3:41 pm
90. Brian
Look like a useful book.
January 27th, 2009 at 4:04 pm
91. AndrewP
Good job on your first review, QCash!!
I’d love a copy!
January 27th, 2009 at 4:45 pm
92. Les
i’d like to read it. Thanx
January 27th, 2009 at 4:49 pm
93. Vincent
sounds useful
January 27th, 2009 at 4:58 pm
94. Laura
Looks to be a great read!!!
January 27th, 2009 at 5:00 pm
95. codemonkey
cool. thanks for the review. awesome blog, btw.
January 27th, 2009 at 5:00 pm
96. Kenny
Count me in, please!
January 27th, 2009 at 5:06 pm
97. Greg
Sounds interesting. Count me in too.
January 27th, 2009 at 5:45 pm
98. newbie
pick me please!
January 27th, 2009 at 5:58 pm
99. Catharine
this is right up my alley!
January 27th, 2009 at 6:00 pm
100. Gates VP
Ummm… The Wealthy Barber?
I’m sorry, but I wouldn’t recommend that book to anybody.
Isn’t that the book where he advocates that being saving 30% of your pre-tax income and then making 12% / year over 30 years like he did?
It has nuggets of wisdom heaped with piles of frugal “limited-good” mindset. He casually ignores inflation despite a chunk of his mythical “12% returns” coming during the 20% inflation era (the book was printed in 1989, anyone remember October ’89?)
He starts by telling you that you can be rich by saving only 10% of your income. But then follows that with later wisdom that you should also be maxing out your RRSPs and that you should really be saving 15% or 20% on top of that (not just the 10%).
Here’s an Indigo review with some supporting comments.
@FT and QCash why are you even mentioning this book? What are the book’s strong points? (other than including Canadian-specific content?)
January 27th, 2009 at 6:02 pm
101. So
Great review.
January 27th, 2009 at 6:02 pm
102. Chootiya
Count me in.
January 27th, 2009 at 6:08 pm
103. Jatinder
Would love to read it!
January 27th, 2009 at 6:19 pm
104. Zack
Hello, 4th year business student here chiming in. I love the Blog, and I’d love to read the book. Thanks!
January 27th, 2009 at 6:45 pm
105. KAF
Count me in!
January 27th, 2009 at 7:04 pm
106. Sarah
This is timely. My husband and I have some money that we’re looking at investing, and we’ve been debating where to start. (Actually, I think we’re going to split it and each try different things).
January 27th, 2009 at 7:07 pm
107. Jeff Wilson
I could use a book like this given my recent performance in managing my portfolio.
cheers,
Jeff
January 27th, 2009 at 7:57 pm
108. Mai
I’am in :)
January 27th, 2009 at 7:59 pm
109. Deb
Sounds like a good reference book. Count me in!
January 27th, 2009 at 8:00 pm
110. Pat
How does this book compare to the following:
Title: The Smartest Investment Book You’ll Ever Read
Author: Daniel Solin
I just checked this out of the library the other day and plan on reading it in the coming days. If this book really is the “straight goods” is it worth reading on top of the above book. Keeping in mind that I don’t have infinite time to read every investment book that comes out.
January 27th, 2009 at 8:31 pm
111. Al
Sounds like a great book to read and learn!!
January 27th, 2009 at 8:48 pm
112. Mark Telewiak
Sounds like another great addition to my library
January 27th, 2009 at 9:21 pm
113. VICTOR RAJKOTWALA
In these days of unregulated freelancers masquerading as ‘investment advisers’, and even qualified advisers being more interested in their commissions rather than safeguarding your portfolio, it is absolutely essential for every person to be reasonably acquainted with the basics of personal finance, insurance, taxation and avenues of investment. Therefore any well-written book on these topics, such as ‘No Hype’ is always welcome.
January 27th, 2009 at 9:38 pm
114. Sameer
I hate to say it, but nowadays it’s fairly easy to get the CSC. I’d like to read something by someone who’s earned the CFA.
January 27th, 2009 at 10:02 pm
115. Linda
Good timing! I’m currently reading everything I can get my hands on too, having already read the aforementioned Wealthy Barber and Smart Couples. As the author states, these are good get-to-know-you books, but I could use something a bit more sophisticated now. Thanks.
January 27th, 2009 at 10:09 pm
116. Jared
Always interested in new books.
January 27th, 2009 at 10:47 pm
117. Bobby
sounds interesting!
January 27th, 2009 at 10:52 pm
118. Maria V
sounds like an interesting read
January 27th, 2009 at 11:08 pm
119. Chris
Count me in!
January 27th, 2009 at 11:08 pm
120. Vincento
sounds good~!
January 27th, 2009 at 11:15 pm
121. Rajesh
Looks interesting
January 27th, 2009 at 11:37 pm
122. john
Sounds like there are some gems in this book – would love to take a closer look. Count me in! Have always wondered if home ownership should be considered a real estate investment, at least in terms of calculating % diversification. Now I know.
John
January 27th, 2009 at 11:57 pm
123. Les MILA
A very interesting review for a book that is probably good.
January 28th, 2009 at 12:24 am
124. H
Thanks!
January 28th, 2009 at 12:50 am
125. skippy
Sounds like that book is right up my alley.
January 28th, 2009 at 1:48 am
126. R.
I’m very interested.
January 28th, 2009 at 1:50 am
127. amit
sounds interesting. Count me in. BTW, what happened to the other book giveaway – rich brother, rich sister. Was a winner announced?
January 28th, 2009 at 7:46 am
128. Debt_Free_in_5
I’d love a copy
January 28th, 2009 at 9:56 am
129. Cheryl
I would love a copy of this book!
January 28th, 2009 at 10:19 am
130. cannon_fodder
Yes, please!
January 28th, 2009 at 10:23 am
131. Rob
Wish me luck!
January 28th, 2009 at 12:17 pm
132. Mike
why not
January 28th, 2009 at 1:19 pm
133. Marc
Looks like a good read, would love a copy.
January 28th, 2009 at 1:27 pm
134. Lynne
sounds like the perfect book for me!
January 28th, 2009 at 1:37 pm
135. bmfinc
This is the kind of book that I could really use. Thanks for the review.
January 28th, 2009 at 1:54 pm
136. sean
Sounds like I should read this book considering the direction my money has headed in recent months.
January 28th, 2009 at 1:57 pm
137. mcmatterson
Looks like a solid read…thanks!
January 28th, 2009 at 2:04 pm
138. Izzoshady
Thanks for the review. Appreciate it
January 28th, 2009 at 2:30 pm
139. Walrus
Good review made me interested.
January 28th, 2009 at 7:14 pm
140. Jamie
Thanks for the book review, would love to read it myself!
January 28th, 2009 at 10:08 pm
141. Patricia
Sounds like a good addition to the home reference library I am slowly building. Thanks for the opportunity to win a copy
January 28th, 2009 at 11:13 pm
142. Shaun
I think i’m in that boat, not a beginner but much to learn especially at a very intriguing time to start investing.
Pick me Please!
January 29th, 2009 at 1:13 am
143. Ken Selinger
Thanks for the informative review.
January 29th, 2009 at 1:15 am
144. jfernandez1977
pick me.
January 29th, 2009 at 2:07 am
145. Sean
Sounds like a great read. Thanks for the giveaway!
January 29th, 2009 at 11:56 am
146. guychan
Thanks for the opportunity to get a freebie. After a business trip to China in late 2004, I knew that I had to switch to a DIY mode for my investments – my advisors were either asleep at the switch or working on their own agenda. No regrets since then…
January 29th, 2009 at 12:36 pm
147. Pauline
Thanks for the review.
January 29th, 2009 at 12:41 pm
148. jared
Would love to give the book a good reading. Thanks!
January 29th, 2009 at 1:48 pm
149. Eric
I’d like to read it…..
January 29th, 2009 at 2:45 pm
150. JCR
Looks like a book I’d like to read.
January 29th, 2009 at 5:01 pm
151. JCR
I’m currently reviewing my investments and this would be a useful book to look at. Thanks for the review!
January 29th, 2009 at 5:02 pm
152. Elbyron
Looking at implementing the Smith Manoeuvre soon (thank to the info on this site). I’m familiar with the basics of investing, but this book sounds like a good way to learn more. Hope I win the giveaway!
January 29th, 2009 at 6:46 pm
153. Pooroo
I want to win this book!
January 29th, 2009 at 8:39 pm
154. mindy
looks like a good read thanks for the giveaway
January 29th, 2009 at 10:58 pm
155. Elina
Sounds like a decent book. I look forward to reading it ;)
January 30th, 2009 at 8:59 am
156. Derek
It sounds like a wonderful read. Who couldn’t use this advise.
January 30th, 2009 at 9:29 am
157. Finance Matters
I’m in.
January 30th, 2009 at 10:23 am
158. ron87
I would like to learn more about investing. Sign me up for the draw.
January 30th, 2009 at 12:16 pm
159. Niket
Looks like a great read!
January 30th, 2009 at 12:44 pm
160. Paul
In it to win it
January 30th, 2009 at 1:20 pm
161. harry
Just what I need now
January 30th, 2009 at 1:37 pm
162. thriftyguy
raffle me in please
January 30th, 2009 at 1:44 pm
163. Peter B
Sign me up
January 30th, 2009 at 1:58 pm
164. Matt
Count me in!
January 30th, 2009 at 3:16 pm
165. LJ
I definetely need the advice in this book!
January 30th, 2009 at 3:24 pm
166. LJ
I do need this advice!
January 30th, 2009 at 3:25 pm
167. Steve
nice review!
January 30th, 2009 at 4:06 pm
168. Barry
I’ve been reading tons of investment books recently. I even tried “forward testing” the philosophies that some of the “gurus” suggested will make consistent money. Unfortunately, they all fell flat on their faces, even before the big crash in October of last year. I hope that this book helps us grow our tiny nestegg as I’ve only managed to make it contract….
Thanks for the freebie opportunity.
January 30th, 2009 at 4:11 pm
169. Angela C
Thank you for the giveaway:)
angelacisco at rocketmail.com
January 30th, 2009 at 4:48 pm
170. Sanjeev
I’m in
January 30th, 2009 at 5:08 pm
171. newbie
Count me in!
January 30th, 2009 at 6:14 pm
172. Walrus
sounds good to me
January 30th, 2009 at 6:31 pm
173. Scott
this book sounds good….
January 30th, 2009 at 6:40 pm
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