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The Motley Fool Money Guide
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Published by The Motley Fool, Inc., 123 North Pitt Street,
Alexandria, Virginia, 22314, USA
First Printing, February 2001
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This publication contains the opinions and ideas of its authors and is designed to provide useful
information in regard to the subject matter covered. It is sold with the understanding that the
author and publisher are not engaged in rendering legal, financial, tax preparation, or other pro-
fessional services. Laws vary from state to state, and if the reader requires expert assistance or
legal advice, a competent professional should be consulted. Readers should not rely on this (or
any other) publication for financial guidance, but should do their own homework and make their
decisions. The author and publisher reserve the right to be stupid, wrong, or even foolish (with
a small “f”). Remember, past results are not necessarily an indication of future performance.
The author and publisher specifically disclaim any responsibility for any liability, loss, or risk, per-
sonal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and ap-
plication of any of the contents of this book.
Copyright © 2001 The Motley Fool, Inc. All rights reserved.
The Motley Fool and the “Fool” logo are registered trademarks and “Fool” is a trademark of
The Motley Fool, Inc.
ISBN 1-892547-11-2
Printed in the United States of America
Body set in Apollo MT 11 .5 /13 .5 . Questions set in Syntax Med 13/13 .5 . Titling set in ITC Veljovic.
Without limiting the rights under copyright reserved above, no part of this publication may be
reproduced or distributed in any form or by any means, or stored in a database or retrieval sys-
tem, without the prior written permission of The Motley Fool, Inc.
Distributed by Publishers Group West
Cover design by Johnson Design
Interior Design & Production by Pneuma Books: Complete Publisher’s Services;
(for info visit www.pneumadesign.com/books/info.htm)
Printed by United Book Press, Inc.
 
The Motley Fool
The Motley Fool’s mission is to educate, amuse, and enrich. Begun as a
newsletter serving 60 readers in August 1994, the Fool now reaches mil-
lions of people every month as it plays host to a celebrated community of
individuals dedicated to helping each other achieve financial security and
independence. The Motley Fool’s products and services are available across
a variety of media: on its website at Fool.com; via its four Simon & Schus-
ter books, all New York Times bestsellers; through its premium products,
including online seminars, self-published books, and Motley Fool Research;
through its syndicated weekly newspaper column, currently carried by
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¤Access to The Motley FoolÓs informative and acclaimed website,
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•A wide variety of personal finance solutions and exciting invest-
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•Answers to all of your questions about money
Get started on your journey to financial independence today by register-
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About
the Author
Selena Maranjian is a senior writer at The Motley Fool. She lives in New
Hampshire with her two dogs. (Whoops! Scratch that — that’s every other
writer.) Armed with a Wharton MBA and a Masters in Teaching from Brown
University, one of Selena’s missions in life is to render the incomprehensi-
ble comprehensible. She writes the Fool’s nationally syndicated weekly
newspaper feature and has also written Investment Clubs: How to Start and
Run One the Motley Fool Way and co-written The Motley Fool Investment
Tax Guide .
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Acknowledgments
Few Foolish products are created alone. Foolishness is all about communi-
ty — about people conversing and learning together, asking and answer-
ing questions, sharing opinions, and making each other laugh. Even though
I have an MBA, most of what I know about investing and personal finance
was learned in Fooldom. Most of what you’ll read in this book also comes
from Fooldom, directly or indirectly.
I’m grateful to the many community members of the Fool who spend time
on our discussion boards, sharing their wisdom. I’m also indebted to my
many Fool colleagues, from whom I’ve learned much. I hesitate to name any
names, but when it comes to personal finance and tax issues, Roy Lewis and
Dave Braze are the ones who’ve most often made me look smart. Much of
this book’s car buying and home buying information, as well as the glos-
sary, is drawn from the work of Bill Barker, Paul Maghielse, and David
Wolpe. The colleagues who’ve taught me about investing are too numerous
to name.
Many Fools worked hard helping make this book a reality, heroically read-
ing and reviewing every page and making it a much better work than it
otherwise would have been. I thank them most sincerely: Brian Bauer, Reg-
gie Santiago-Bobala, Alissa Territo, Robyn Gearey, and Debora Tidwell.
Thanks to Alicia Abell as well, for her guidance as the book was shaped.
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