Book Description
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.
This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.
Customer Reviews:
THE best book on trading I have ever read........2007-09-09
I had to get this book after reading such a mix of reviews. I was really curious how it would turn out since reviewers were either raving about it or trashing it.
After reading the 1st half of this book I was shocked to say the least. The first half of this book is worth more than all of the books I have read on trading combined. If someone trashes this book then they are either very new to trading and don't understand the points being made in this book(which I can understand because you have to get some experience under your belt to really appreciate what is being said in this book) or they are looking for a quick strategy they can read in 5 minutes and start making money. For one thing, that's never going to happen anyway.
The trading strategies in this book are very basic, so for newbies that part of the book has some good info. I was hoping for a little more advanced analysis of trading techniques, but I really didn't need that anyway. The knowledge and wisdom in the first half of this book is going to take my trading to moon.
For the newbies who didn't like this book, get a couple years experience under your belts then go back to this book and re-read the 1st half. I guarantee you, you will want to come back here and write a positive review.
Interesting book with lack in details by very self-confident authors.......2007-06-09
When I started reading the book by Oliver Velez and Greg Capra: "Tools and Tactics for the Master Day Trader", I thought it was one of the better books on day trading. It starts out with the importance of discipline, and the lessons to be learnt from losses. It also outlines the concept that you don't buy from the market, but there is always another person on the other side of the trade that has exactly the opposite market expectation as you.
Then come four chapters with lists of rules: 7 deadly sins, 12 trading laws of success, 15 things every trader should know, and 10 lessons for the master trader. Altogether 44 rules, which don't seem to be in any systematic order. It looks like the authors were brainstorming to come up with as many rules as they could think of, and then divided them up among the four chapters. Some rules contradict one another, some important rules are next to irrelevant ones etc. Also the "Seed of Wisdom" does not help to sum up the rules because it often is not related to the part that it is supposed to summarize.
In Chapter 10 and 11 the authors talk about tools and start out by explaining things as basic as a candle stick or support and resistance. Then they dedicate two chapters to Order Systems and Level II data, and it takes until page 293 when they finally talk about trading techniques.
After having talked redundantly about general things for three quarters of the book, the authors give their ideas of entry, stop and exit techniques. What I missed most in this part is the lack of exact trading rules. Everything is expressed vaguely (e.g. p.219 "you can also opt to keep the break-even stop. This is a matter of choice." or p.322 "Sell at least half your stock if and when the stock breaks below the 5-minute low. ... These are just guidelines. We don't want to be stupid. ... Many traders will be best served selling the whole lot at this point."). This is exactly the vagueness you can't afford as a day trader. I was also disappointed that there was so little variety in the trade setups (just three entry techniques).
So my hope was high that in chapter 17 "How to put it all together" there would finally be concrete entry and exit descriptions. Instead, the authors just describe common chart formations like any other book on technical analysis (and do a worse job, too).
Throughout the book I noted an arrogant tone (p. 317: "Let's assume a master trader, let's call him Mr. Velez."). The authors speak about master traders, as if they were some kind of rock stars. No matter, how successful you are, if you quit being humble, the market can easily take everything away from you.
I am giving the book three stars because it does cover important topics for day traders like discipline, and learning from your mistakes. If you want to read a more effective book, however, I recommend the one by John F. Carter "Mastering the Trade".
Seeds of Wisdom !.......2007-05-18
Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders.
Velez and Capra give me the impression they have traded before and are not just book writer's. You can learn a few pointer's from this book whether you are just learning or have been trading a while. It covers Candlesticks,Moving Averages, Fibs, Volume and drawing a few trendlines on the charts intraday and daily charts.
It does not go into some of the mathematical lagging stock indicators that some trader's think it might be the "Holy Grail". Those lagging indicators act like delayed instrument gages on your dashboard. Sorry, there is no Holy Grail on WallStreet predicting the future for you... better look elsewhere like yourself. The only "Holy Grail" you will ever find trading stocks is yourself there is no quick fixes to learn to trade stocks it all takes lots of time and practice.
Its to look and observe what a chart's history or footprints tell you with some seeds of wisdom.
I see so many negative reviews here about this books. I am starting to wonder whether those reader's have ever traded stocks or are just rookie trader's learning from their mistakes the first 2 years.
I have traded full-time for years and I can tell you they must be all rookie trader's hoping that a book might have all the answer's for them and their future. It would help them if they read this book a few times until it really sinks in their minds.
This book is a concise,no nonsense approach and covers everything traders need to win consistently.
As a prior reviewer mentioned which I agree...
"The key buy setup, alone is worth many times the price of the book."
Nothing new.......2007-04-18
nothing new, nothing exciting. Everything can be found in books that are half the price. Save your money.
FIVE STARS!!!.......2007-02-27
I would definitely give this book five stars. I really learned alot from it. If you gave it a bad review you either need to go back and read the book again or just skimmed through the book.
and to the person who sid that he "Heard" that they don't actually trade they are wrong and I thought everyone knew not always to believe what they hear. But hey, some people just believe things more easily than others.
and you can't even RATE this book one star because YOU HAVEN'T ACTUALLY READ IT!!!
You skimmed through the book and rate it one star??? WOW. that's all I have to say: wow. I'm not even going to say anything else. and people don't listen to all of those bad revievs out there. It really was a great book and is worth the money. (and so is his newer book)
and to the person who said: "This book TOTALLY rocked. I read it alot because it was so awesome"
YOU TOTTALY ROCK TOO! LOL!
Amazon.com
The rich are different from the rest of us, if for no other reason than U.S. tax and securities laws allow them to invest in ways that keep us from catching up to them. That's why 90 percent of all corporate shares of stock are owned by 10 percent of the people. Kiyosaki believes it's possible for anyone to move up into that 10 percent, but it takes a different view of investing than most people have: it takes a plan to be a successful investor. And a plan is more than simply buying and selling, or collecting "assets" that bring in no cash and are thus more akin to liabilities. The way most people invest, "they might as well be pushing a wheelbarrow in a circle," he writes. A plan is "mechanical, automatic, and boring," a formula for success that has worked historically for most of those who've used it. Kiyosaki's "rich dad" (actually, the father of his best friend) tells him the simplest analogy is the game Monopoly: buy four green houses, trade them for one red hotel, and repeat until you become rich.
The overall message of Rich Dad's Guide to Investing is that this is an abundant world, full of opportunity for the sophisticated investor. However, it sometimes takes a while to find this point. Much of the book is told in dialogues between young Kiyosaki and his rich dad, and these conversations can ramble. There are rewards for the careful reader--for example, in the middle of a section on the basic rules of investing, Kiyosaki's rich dad compares investor education to toilet training: difficult at first but eventually automatic. But getting to these inspired metaphors means wading through a lot of repetitive dialogue. It's a bit ironic that someone who advocates investor discipline should show so little as a writer. But by the end of the book, even the rambling starts to make sense. By the hundredth time you read that the rich don't work for money, and that you don't need money to make money, both concepts start to make sense. It still looks difficult to apply these ideas, but Rich Dad's Guide to Investing certainly makes the case that they'll work for anyone bold and smart enough to practice them. --Lou Schuler
Book Description
The rich are different from the rest of us, if for no other reason than U.S. tax and securities laws allow them to invest in ways that keep us from catching up to them. That's why 90 percent of all corporate shares of stock are owned by 10 percent of the people. Kiyosaki believes it's possible for anyone to move up into that 10 percent, but it takes a different view of investing than most people have: it takes a plan to be a successful investor. And a plan is more than simply buying and selling, or collecting "assets" that bring in no cash and are thus more akin to liabilities. The way most people invest, "they might as well be pushing a wheelbarrow in a circle," he writes. A plan is "mechanical, automatic, and boring," a formula for success that has worked historically for most of those who've used it. Kiyosaki's "rich dad" (actually, the father of his best friend) tells him the simplest analogy is the game Monopoly: buy four green houses, trade them for one red hotel, and repeat until you become rich. The overall message of Rich Dad's Guide to Investing is that this is an abundant world, full of opportunity for the sophisticated investor. However, it sometimes takes a while to find this point. Much of the book is told in dialogues between young Kiyosaki and his rich dad, and these conversations can ramble. There are rewards for the careful reader--for example, in the middle of a section on the basic rules of investing, Kiyosaki's rich dad compares investor education to toilet training: difficult at first but eventually automatic. But getting to these inspired metaphors means wading through a lot of repetitive dialogue. It's a bit ironic that someone who advocates investor discipline should show so little as a writer. But by the end of the book, even the rambling starts to make sense. By the hundredth time you read that the rich don't work for money, and that you don't need money to make money, both concepts start to make sense. It still looks difficult to apply these ideas, but Rich Dad's Guide to Investing certainly makes the case that they'll work for anyone bold and smart enough to practice them. --Lou Schuler
Download Description
'Rich Dad's Guide to Investing' follows the New York Times bestsellers 'Rich Dad, Poor Dad' and 'Rich Dad's CASHFLOW Quadrant'. Most of us know that the best investments never make it to market. This book discusses what the rich invest in that the poor and middle class do not. What follows is an insider's look into the world of investing, how the rich find the best investments, and how you can too. Robert Kiyosaki and Sharon Lechter show . . .· Rich Dad's basic rules of investing · How to reduce your investment risk · Rich Dad's 10 Investor Controls · How to convert your earned income into passive and portfolio income · How you can be the ultimate investor!
Customer Reviews:
A good book if you're already rich.......2007-10-15
There is very little useful info in this book for everyday investors. Instead, I would recommend: THE LITTLE BOOK OF COMMON SENSE INVESTING by John Bogle and THE MILLIONAIRE NEXT DOOR by Thomas Stanley.
Uri Gofman reviews Rich Dad's Guide to Investing.......2007-08-08
i happen to be a big fan of Kiyosaki. while light on specific acts to do or procedures to follow, this book helps one "think" in a manner that is compatible with creating wealth and success. it is unquestionably inspirational and inspiring. the next step is up to you!
ANOTHER HOMERUN BY RICH DAD!!!.......2007-07-23
Robert Kiyosaki has done it once again!!! Being an avid reader of business/ personal development and finance books for years, I always love reading the Rich Dad books. Robert's style is straight forward, friendly, and highly coversational. Anyone interested in understanding the mindset that one needs to create before beginning their personal conquest down the roads to wealth and freedom should read every Rich Dad book they can get their hands on!
Make Kiyosaki Rich and Yourself a Little Poorer.......2007-06-30
Make Kiyosaki Rich and Yourself a Little Poorer by buying this book. It amazes me how people buy the dream of becoming rich, yet make themselves poor. Kiyosaki certainly takes advantage of this by catering to greed and desire.
Case point: you are reading this book because you are poor. People rich in money and knowledge do not buy his junk.
Interesting read.......2007-05-22
Pros:
- easy to read
- keeps you interested
- you find some good info here and there
Cons:
- too vague about the subject
- repetitive
- too situational to US market
Fine read for a holliday.
Book Description
From the time of its first publication five years ago, The Neatest Little Guide to Stock Market Investing has established itself as a clear, concise, and highly effective approach to stocks and investment strategy. Since the dot.com crash and ensuing bear market, significant changes have come about in the investing world, and The Neatest Little Guide takes this into account. In this revised edition, readers will learn:
€ Strategies on how to double the Dow with one simple investment and the latest products required for this approach
€ Methods investors can use to avoid disasters such as Enron and WorldCom
€ Thoroughly updated reference lists, including new websites, new software, new brokers, and new publications
With the right information for investors to keep pace, and rooted in the principles that made it invaluable from the start, The Neatest Little Guide to Stock Market Investing is a resource that no serious investor can be without.
Customer Reviews:
Best Investing Book I have read so far!!!.......2007-10-15
AS I was looking for another book, someone left a book saying,"... if your a beginner at investing check out The Neatest Little Guide to Stock Market Investing." I am so thankful to that person, best decision of my life. If you know nothing about investing this book is for you. If your an investor and want to add a different strategy to your porfolio, check this book out.
Out of the several books I have read on the subject of investing this was not boring at all. At times, the author throws humor into this book. I love this book and can't wait to get the 2008 edition.
Review of Revised Editon NLG to Stock Market Investing.......2007-10-14
I am constantly on the lookout for books that I am comfortable sending my children to educate them about investing. Particularly with respect to managing your own portfolio rather than settling for the SP500 with mutual funds (or chasing it depending on your funds). This book is a good introduction to the language of the stock market, develops a model for stock picking, and a system to manage stocks currently invested and stocks under consideration for investing. This lays the groundwork for investing in a non-emotional way.
I can only add; I purchased a second copy for my daughter after passing on the first copy to my son with my recommendation.
EXCELLENT LITTLE BOOK!!!.......2007-10-02
If you are looking for simple and direct answers on how to invest in the stock market, then this book is for you. I also would recommend this book for anyone who wants to learn the basics but does not have the technical background needed to go deeper in financial analysis. Great book!!!
Great Book for Market Begginers.......2007-08-28
I found this book a great starting point in my investment journey. There are lots of great basioc information, yet i found the book a joy to read.
Great Introduction to stock market investing!.......2007-08-28
An easy to read introduction to stock investing! I have not yet finish it (since I just got it recently) but what I have seen so far could get someone from having no real knowledge to having a kick start about stock market investing. The great thing about the book is that the end of the book is not really the end, as there is the website, which provides even more useful articles on investing and personal finance. For those who are really interested in investing could also subscribe to the news letter that the author has put out, which has a small subscription fee but it is really nothing compared to other sites that offer similar services.
Amazon.com
Personal-finance guru Andrew Tobias slams online trading and praises the Roth IRA in his newly revised The Only Investment Guide You'll Ever Need. This investment bible remains as stimulating and meaningful as it was when it was first published 20 years ago. It's packed with ideas about stocks, living beneath your means, tax planning, retirement, and just about everything else in the financial world. And all of it is presented with Tobias's trademark brevity and ingenuity.
Last revised in 1995, the guide takes aim at a new game in town--online trading. By all means, use the Internet for buying a car or for research, Tobias says. But avoid cyberspace brokers, he says. Point and click enough and you will get slaughtered by commissions, spreads, taxes, and human nature. "It's so easy to click 'OK' a few times and make a $10,000 bet," he warns. "Look how mesmerized we become on a stool in front of a slot machine. Internet investing positively teases you to play." Tobias's favorite new entry is the Roth IRA, which allows you to withdraw your money tax-free when you retire. It's far better than a traditional IRA, he asserts. "Save yourself the trouble of agonizing over the choice and go with the Roth IRA," he writes. "Forget the worksheets." Sometimes caustic and always a skeptic, Tobias believes readers can shape their own financial futures. Just stick to the basics, he says. "By and large, you should manage your own money, via no-load mutual funds," he writes. "No one is going to care about it as much as you." It doesn't matter if it's 1978, 1998, or even 2008. The Only Investment Guide You'll Ever Need still is exactly that. Some things never change. --Dan Ring
Book Description
For more than twenty-five years, The Only Investment Guide You'll Ever Need has been America's favorite finance guide, winning the allegiance of more than a million readers across the country. Now this indispensable book has been fully revised and updated-covering all the new tax laws-and reorganized with a new user-friendly design. Concise, witty, and truly understandable, Andrew Tobias shows you how to use your money to your best advantage-no matter how much or how little you have.
o How to spend smarter-and save $1,000 or more
o When to invest in stocks, and how
o The ins and outs of investing on the Internet
o Tax strategies, from tuition to retirement
o Whom-if anyone-you can trust to manage your money
and much, much more
How to spend smarter--and save $1,000 or more
When to invest in stocks, and how
The ins and outs of investing on the Internet
Tax strategies, from tuition to retirement
The basics of life insurance
Who--if anyone--you can trust to manage your money
The inside skinny on annuities, real estate, and Social Security
and much, much more
Customer Reviews:
The Gift of a Lifetime.......2007-10-18
When I was a young lieutenant, my uncle gave me a copy of this book. I always had a pretty good attitude towards money, and over the years I grew rich. My secrets? Hard work, savings, investments. All of them are outlined here.
Now I am an uncle. Each niece and nephew get this book when they graduate.
Each copy has a nice little check inside too.
Trite.......2007-10-17
Not an interesting read. Reads like an encyclopedia. Everything is there. A reference, not a strait through read!
Very Conservative Approach.......2007-10-05
A better title for this book would be " The Only Really, Really Conservative Investment Guide You'll Ever Need." In the author's preface. Mr Tobias marvels how the world has changed since the original publication in 1978. The Guide has been updated frequently so that you will not find any outdated references. In fact, you will be referred to numerous websites in the course of the author's discussions.
Mr Tobias is an advocate of "minimal risk" which is to say he thinks the majority of us would be better off saving rather than trying to get rich by investing. Well there is nothing new about that and it is presented in a flippant and I thought condescending tone.
So the first half of the book is very conservative advice although why he advocates Timber as an investment is beyond me. I think the same argument could be made for soybeans or for sod.
The second half is an excellent primer on the stock market which I feel
is worth the price of the Guide alone. I would recommend this book for anyone looking for a basic investment guide with the understanding that it is not a get rich quick reference.
Good updates.......2007-08-07
We were very pleased with the updates Mr. Tobias has made to his book. It lives up to its title. Well worth the price.
Ok.......2007-08-06
The book is decent but "A random walk down wall street" contains the same information this book does (and more). Random Walk is also written better with more details.
Book Description
This is the same diagnostic system I use with my own clients and with the financial advisors I train. So, going through it will be like having me sitting beside you, whispering in your ear, guiding you every step of the way.”
–from Your Complete Retirement Planning Road Map
Corporate pensions are disappearing. Social Security is in trouble. And the sizable postwar generation is reaching retirement age. With the futures of millions of Americans at stake, Ed Slott, the country’s foremost retirement planning advisor, now offers expert advice on weathering the perfect storm of financial instability that looms on the horizon. Your Complete Retirement Planning Road Map, Slott’s most essential and accessible book yet, provides clear step-by-step directions through the highways and byways of IRAs, 401(k)s, 403(b)s, and other major accounts.
In five helpfully focused sections, Slott combines crucial facts with interactive checklists and questionnaires (those he uses with his own clients) to teach investors and beneficiaries alike the best way to save and to maximize an inheritance. Inside you’ll discover
• My Account Inventory: an overview of every retirement savings account you own, whether you’re thirty or sixty-five–from what it is and where it is to who gets it and how, plus where to put important data for easy access and where to store your essential documents (hint: not in a safe-deposit box)
• The Account Owner’s Care Solution: how to properly fill out retirement account beneficiary forms so that whatever amount of money is left in your account after you’ve fully enjoyed retirement will go to whomever you choose and not to relatives who suddenly pop up out of nowhere
• The Account Beneficiary’s Care Solution: what to do when you inherit so that you won’t lose any of the tax benefits and other opportunities your benefactor has created for you, or make a mistake that could wipe out an inherited fortune that took years to build up
• The Special Issues Care Solution: how to handle the out-of-the-box issues that could affect you or your beneficiaries (e.g., life events such as divorce or incapacity; tax issues for unmarried partners; decisions about trusts)
• The Follow-up Care Solution: how to keep your planning on track and make adjustments when circumstances change, and how to determine whether your professional retirement advisor is really up to the task of preserving and protecting your money
• Plus: the most up-to-date information on tax laws, including the Pension Protection Act of 2006, which provides major new retirement incentives that you can take advantage of
Your Complete Retirement Planning Road Map is an indispensable planning solution that is sure to become the standard how-to on a complex subject that is becoming relevant to more people every day.
Customer Reviews:
A Financial Guide, not a Complete Guide.......2007-02-19
To me the title of this otherwise excellent book is somewhat misleading. It should say something like 'Your Complete FINANCIAL Planning Road Map.' That is, it doesn't go into things like should you move to the sunbelt, or how much money will you need, or medical aspects or any of these other subjects. Instead it is a very complete discussion on the tax issues of investing for retirement.
This book talks about IRA's, and Roth IRA's, and 401(k)'s, and all the other alphabet soup of the tax system in the United States. It is complete and up to date as recent as the 2006 changes to the tax laws.
A major part of the book consists of check lists that you should go over as part of your retirement/estate planning. These also are very well thought out and force you to think about things you would otherwise ignore.
A minor complaint, these checklists are printed in the book. I'd much rather see them on the web or in a CD bound into the book. He says you should fill them in using pencil in case you later want to make changes. I'd like it better to fill them in on a computer and then print them out. Once again, the information is there and more complete than you'd imagine, so you can consider this a minor complaint.
Enough info for a.........2007-01-26
small pamphlet, not a full size book. Rambling and repetitious. Read it twice and couldn't extract any useful information that wasn't available in other sources.
Comprehensive and Infinitely Practical--A Must Buy for Every IRA Owner.......2007-01-23
Ed Slott's latest book, Your Complete Retirement Planning Road Map provides the most comprehensive, infinitely practical, hands-on set of checklists I have ever seen for IRAs and retirement plans. Ed, perhaps the best known and most trusted author on IRAs and retirement plans, takes the reader step-by-step through important concepts regarding IRAs and retirement plans and provides the reader with an action plan. Ed really rolls up his sleeves and gets into the nitty-gritty. Another outstanding feature of the book is that Ed has included the best questions--with complete answers--gathered from his clients and readers over the years. Chances are if you have a question, it has been asked of Ed, and you will find your answer. If you buy Ed's book and follow his recommendations, you will be better prepared and better documented than 99.9% of all the IRA and retirement plan owners.
James Lange, CPA/Attorney Author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do
Mastering the complex with simplicity.......2007-01-22
I have personally been studying with Ed Slott in his Master's Elite IRA Advisory Group for the past two years. This new book is a composite of the various modules we have been studying in depth. This book gives an excellent overview in a version to be understood and simplified so that many can be aware of the many issues present in dealing with the one asset that for many represents their largest financial position. I applaud Ed's efforts to make such a text available and appreciate the opportunity I have had personally to train in depth in all of the issues detailed in his book. I would also commend serious readers and investors to his two earlier books my favorite of the two being, Retirement Tax Time Bomb and How to Defuse It. Anyone with a large IRA should be aware and get the book. It could make a tremedous difference in who ultimately winds up the beneficiary of all your hard long years of labor.
Same Rules, Easier to Understand.......2006-12-30
I have read all three of Ed's IRA books. As a Financial Planner, I find the Retirement Savings Time Bomb to be the best. However, if you are slightly less versed in tax code than a professional planner, his newest book is an excellent tool. I strongly recomend it to all (non-financial professional) qualified account owners. Good Job Ed!
Product Description
The Great Bust Ahead is a concise, straight to the point short book laying out in stark terms the case for a coming depression of historically unprecedented magnitude. It will be worse than the 1930s, beginning nominally in 2012, but perhaps as early as 2009-2010 and lasting up to thirteen years. Centered on hard fact demographics, the book boldly claims that the data presented are so irrefutable, that the outcome predicted by the book is equally as irrefutable. The compelling proof presented accurately accounts for the detailed trend of the economy from 1920 to today (something never before accomplished), and projects out to 2030. The book is very easy to read and understand, and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. A summary of the catastrophic domestic social and international consequences is offered.
October 2007 Update: In 2002 when this book was published, in addition to the massive depression beginning around the end of the decade, it forecast:
1. The economy, as reflected by the DJIA, would resume its upwards march in late 2002 or 2003.
This is exactly what happened.
2. The DJIA would have a snapback to 13,000 to 14,000 and the FTSE to 6,000 to 7,000 by 2004, but delayed possibly by wars/politics/terrorism/scandals.
This is exactly what has happened. Although the full snapback has been delayed for the reasons described, the DJIA has now closed over 14,100 and the FTSE over 6,700.
3. The DJIA returns from 2003 to 2012 would average a historically long-term normal of 7% to 8%. So far, with the delayed full snapback for the reasons described, DJIA actual returns have averaged a more modest 5.8%, as would be expected.
4. Interest rates would increase from 2003 onwards.
This is exactly what has happened.
Customer Reviews:
It is just an indicator!.......2007-09-12
Everyone is forgetting that the book is talking about a correlated indicator for the DJIA. There are many things that drive an economy and make things happen like the weakening dollar, monstrous deficits, the Federal Reserve, cheap credit and the housing market bubble, peak oil, etc. These are some of the things that move the DJIA, NOT just demographics. The fact that the 45-54 age group correlates to the DJIA is very interesting and CAN be used to predict what MAY happen to the DJIA in the long term. Demographics of the 45-54 age groups are a strong force pushing the markets, but not the only thing. Even the author says that some things like "the New Deal, the pill and the NASDAQ" affect the correlation with this indicator. The politicians and Wall Street are not going to lie down and let this monstrous depression happen without a fight. They my not win the War, but where the DJIA goes in the future has not been case in stone. The future highs and lows of the DJIA are still unpredictable.
The book is a high school treatise on this relationship and to the economically ignorant is a real eye opener. Most economists know about this force, but the key is what to do about it and when. The author's advice to get out of the markets by 2010 is silly at best. We are now in September of 2007 and the housing market bubble burst is probably the beginning of the down turn of the markets. Wait until 2010 to protect your assets and you will far less assets to protect. The author's advice to sell your home and rent and plow your money into bonds is simplistic at best. Investing in gold, foreign currencies, TIPS etc. to protect your assets are other stratigies that are not addressed. We are all speeding towards this economic depression, but the answers to when it will happen and what to do about protecting your assets is NOT even close to being addressed by this book. The book is $8.95 and you get what you pay for, "a wakeup call for the economically ignorant". Read the book and move onto a more advanced book for a better in depth discussion on economics and your money like "The Second Great Depression (Paperback) by Warren Brussee (Author)". I do agree that a lot of pain is ahead for the world.
Not Bad But Too Short and Too Extreme.......2007-08-22
Let me start by saying that this is a pretty good book for the price and if you don't know what is going on in the economy. The problem is that the book has very limited data to back up the predictions. If you are going to make huge predictions you had better justify it with a lot of credible data that has been referenced. As well, some of the predictions are just too extreme. However, all of these shortcomings aside, the author provides a nice short treatment on what will most likely occur; just not to the extent he has presented in my opinion. Of course, opinions are like debt in America - everyone has their own!
A much more useful book in my opinion is "Cashing in on the Real Estate Bubble." It not only shows you many different ways to profit from the current bubble collapse, but it also shows a lot of detail about the economy and how to profit from America's overall credit bubble. Cashing in on the Real Estate Bubble
Interesting theory but..........2007-07-09
This book is short and easy to read. The author has an interesting concept that the stock market follows the number of Americans at their peak buying age. His graphs and explanations on modifying factors make everything fit. I agree that some correction of our economy (inflation, recession, or worse) is likely in the future, but I feel other factors (energy issues, our national debt, terrorism, etc.) will come into play that he has not taken into account. I also don't agree with his investment suggestions and feel they may be reckless.
If you're concerned about possible bad times ahead, this is one book that may helpful, but I better liked the reasoning and proposals on what to do in Stephen Leeb's book The Coming Economic Collapse: How You Can Thrive When Oil Costs 200 Dollars a Barrel.
Excellent Read.......2007-05-14
Pros:
1. Brief: to the point, no fluff book(let)
2. Logical: Numbers support theory all along
3. Simple: Easy to understand
4. Value: Could save your shirt
Cons:
1. May sound too negative
2. May not consider all factors into forecasting
Pretty interesting read.......2007-05-12
This book and the argument that it lays out is pretty eye-opening. It shows you, through logical argument, how the demographics of our country will impact our coming future economic health. With these baby-boomers greying and falling from their peak spending years, our country will experience a downshift that will really challenge our concept of prosperity... A must read!
Book Description
An all-new personal finance guide from the authors/creators of The Wall Street Journal Guide to Understanding Money and Investing
First in a new series based on information from Standard & Poor’s—the leading financial information organization—Standard & Poor’s Guide to Money & Investing demystifies the world of stocks, bonds, mutual funds, futures, and options, empowering you to make informed investment decisions, measure your performance, and evaluate the risks and rewards. Completely up-to-date to reflect significant changes in investing due to new technologies and the Internet, this concise, easy-to-read guide explains how to understand the markets, evaluate companies, and spot trends to invest for success. Also covered are forces driving the economy and the roles of institutions from the Federal Reserve to multinational banks to the stock exchanges.
Customer Reviews:
a fantastic primer for any investor.......2007-09-17
I have been reading a bit about investing for a decade but still felt I lacked a clear and comprehensive understanding of the previously overwhelming world of money and investing. NO MORE! I have found nothing that compares to the clear, concise and highly readable format of this book. The color coded and cearly defined sections helped me digest the well-organized and very readable material. However, the author's far exceed the abilty of most to clearly and concisely explain the most difficult and complicated of topics. This little book is a gem.
I feel like I've had a brief course in economics and investing and am now able to knowledgably and confidently discuss investing with the most savvy of finanical experts, agents, and those know it alls one often encounters. I will most certainly be looking at other Lighbulb Press materials.
Pretty good general intro to investing.......2007-05-02
This book describes the basic ways to invest your money. It covers markets and currency, stocks, bonds, indexes, mutual funds, ETFs, options, futures, and other alternative investments (briefly).
The format is very easy to read - there are lots of diagrams and pictures, which actually provides a good break from the large amount of dense information provided. One thing I liked (but that some may find annoying) is the frequency of repeating definitions. Between various sections, concepts are often defined multiple times. I found this useful, since it reminded me what a certain concept was without having to go back and find it earlier in the book.
In general, the information is pretty accurate and up-to-date. However, I noticed 1 error on the idea of fluctuation in currency value (International Investing in the Money & Markets section, p. 21), which gets the concept of a "strong dollar" during an international equity trade backwards, but then follows with an example diagram that gets it right. I was frankly surprised to see such a glaring mistake. I e-mailed the publishers, but received no response.
Another thing that I didn't like is the fact that, for some numbers in some of the diagrams, there is no mention at how the numbers were calculated/derived. I personally like to see/try all the formulas, so that was slightly annoying. But for the most part, I was able to figure out the formulas myself.
In conclusion, the book does an excellent job introducing various investment opportunities. It covers general information on each investment vehicle and describes the risks associated. It does not, however, teach you any special strategies (other than the obvious "diversify your portfolio" and "use strategies to minimize risk" ones) on investing - this is not the purpose of the book.
While I was initially put off by the brochure-like format and the clip-art-like pictures, I was pleasantly surprised by the content and the ease with which the information was presented. I certainly recommend this as an entry book for someone who does not understand the different ways to invest in various markets.
Pros:
+ nice introduction to markets and exchanges, and how they are regulated
+ covers all of the important investment vehicles used today
+ lots of useful information - good reference
+ lots of diagrams and pictures to break up the text
Cons:
- a few mistakes
- relatively dense - don't expect to blow through it if you want to retain the information
Customer Reviews:
A brother of 'Technical Analysis of the Financial Markets' .......2007-10-24
With John Murphy's book 'Technical Analysis of the Financial Markets', this book should also be studied diligently. This book contain a few technical nuggets which only Martin Pring can offer in depth detail.
Great book, just takes a lot of time to read!.......2007-07-18
Great book. I got it thinking it'd relate mostly to candle charts. But it covers everything. The book is pretty confusing at first and takes awhile to get used to the author's writing style. He uses words that college business students should understand. It'll take you forever to read, if you want to learn what it has to offer, but it's well worth it. Just google the topics after reviewing to get a full understanding of what Pring offers. Well worth the $10 used price (got lucky!.
a must read for those who try to understand technical analysis.......2007-05-07
I have nothing to say more than what I said in the title , this book is essential for learning technical analysis , no wonder why it's included in most of the reading lists of the technical analysis certificates .
Major Layout Problems!.......2007-03-13
While the book is generally well organized and presents materials helpful to the beginning technical trader in simple terms with examples, visual organization of the book leaves the reader page flipping and frustrated. Rarely are the graphics or charts which are referred to in the text on the same or nearby page. I constantly find myself having to turn pages and search out which chart is being referenced, a very detracting exercise when trying to study technical analysis!
Good book.......2007-03-08
Goes through all the basics of trendlines etc, I really enjoy Pring's writing style and analogy's. This book alone won't turn you into a profitable trader, but will give you the core you need to seek out a good system and understand it.
Book Description
The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds introduces you to the best investment alternative of stocks, bonds, and mutual funds. Every month, smart investors are placing their money in fixed interest rates of 16 percent or more in government-sponsored tax liens. Plus, learn how to invest in foreclosure tax deeds. All of this in 7 days! From the publishers of Investing Without Losing, ISBN 0978834607.
Customer Reviews:
Easy to understand, helpful understanding current real estate trends.......2007-10-24
A very easy to understand book. Was impressed that this offered free mentor support online. It also helped me understand what's going on with the current real estate market, with all the foreclosures and the real estate values evaporating, this book helped guide me on some new investment ventures: tax liens.
An affordable alternative to expensive seminars.......2007-10-20
I took the bite from a real estate conference's suggestion about this book and was pleasantly surprised. Considering that tax lien systems cost about $199 on the low end and over $5000 on the high end, this book is a breath of fresh air. It is actually fun to read, the author puts in light humor.
But the cost or humor isn't really why I gave it five stars. The information is straightforward for even elementary level, but the thing that puts this above other tax lien books is the free online support that otherwise would cost expensive hourly fees from coaches on systems.
Short and to the point........2007-10-19
This is a great book for a novice like me. Short and to the point!
Good overview.......2007-10-18
Each week I see infomercials on buying tax liens as a way to own real estate. Wanting to know more, but not wanting the hassle of infomercial upsell pressure, I got this book. I think it offers a good overview of how tax liens work. It also shows that you're not too likely to buy a tax lien for $200 and own a home. It shows how states vary (some you just have a lien, some you have the home), and how tax sales work.
Because real estate and taxes involve big financial implications, I'd still do more research and even find a mentor who is successful in tax lien purchases before getting involved. But for an overall view, this is a good resource.
This book was an eye opener.......2007-09-20
I read The Complete Guide to Real Estate Tax Liens and Foreclosures in one weekend. It is very consice and gets right to the point. It was fun researching some of the suggested sites and actually seeing some of the properties that were listed. I am a detail person, and I would have preferred to get more details on some of the pitfalls that I may face in making these purchases, but Don Sausa does have a unique ability to take a complex subject and simplify it for all readers. I think this is a great book for anyone who needs to know about purchasing tax liens and deeds. There are so many rip-off programs out there and people are paying alot for them. I applaud Mr. Sausa for his consumer friendly book and the website support. It is a great value!
Product Description
Purchasing tax lien instruments from city, county, and municipal governments can provide you with very high and secure rates of return, in some cases as high as 12%, 18%, 24%, or even 1,000% or more per year. If performed correctly, investments in tax lien instruments will far outpace stock market performance, even traditional real estate investments. The key is to know how to perform this process correctly. Tax lien certificates and deeds are not purchased through a broker; you purchase these property tax liens directly from the state or county government (depending on the state). This type of investment was created by state law, and state law protects you as the investor. Investing in tax liens and deeds can be very rewarding. Tax liens can be tax deferred or even tax-free. You can purchase them in your self-directed IRA. Interest rates vary but average between 4% and 18%. The interest rates are fixed by local governments, essentially a government-guaranteed loan. Additionally, the investment is secured by real property (real estate). This sounds great, but what is the catch? There really is none, except you must know what you are doing! This groundbreaking and exhaustively researched new book will provide everything you need to know to get you started on generating high-investment returns with low risk, from start to finish. You will learn what property tax liens and tax lien certificates are; how to invest in tax lien certificates; how to buy tax lien certificates; insider secrets to help you double or even triple your investment, how to start with under $1,000; the risks, traps, and pitfalls to avoid; and a detailed directory of states that sell tax lien certificates with contact information. In addition, we spent thousands of hours interviewing, e-mailing, and communicating with hundreds of todays most successful investors. This book is a compilation of their secrets and proven successful ideas. If you are interested in learning hundreds of hints, tricks, and secrets on how to purchase tax liens and deeds and earn enormous profits, then this book is for you.
Customer Reviews:
Doesn't offer much.......2007-08-09
The other reviewers are obviously novices, easily impressed, or are related to the author or publisher. Would you rather read a cook book written by Julia Child or Martha Stewart or one written by me after interviewing Julia & Martha? The author has never bought a tax lien and doesn't pretend that she has, and the book reads that way.
The book is fairly thorough, but gives no real insight or tips experienced by a seasoned investor in tax liens. The book has a very general tone about it throughout. It's obvious the author has never gone near a courthouse or auction. The book is roughly 30-40% filler material. I read this book in one evening. Of all the tax liens books that I've read I would put this one at the bottom of the stack.
The best book on tax liens over the past several years is Profit by Investing in Real Estate Tax Liens by Larry Loftis. The 16% Solution written in 1994 is dated, but would be my second choice. No I'm not related to Mr. Loftis and wouldn't recommend any other book written by him that I've read.
More viable information than any other similar book I have found todate.......2007-06-08
The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return - Safely
"By far the most through and comprensive of any book I have found anywhere on this subject of Investing in Tax Liens"! Has enabled me to make a considerable amount over the past few months with very little effort.
Buy this book and avoid the seminars.......2007-04-09
Tax lien investing is interesting. They are touted as a surefire winning ivestments and many "experts" offer training costing thousands of dollars to "train" you on how to invest in these "goldmines". Do yourself a favor, buy this book and avoid the seminars. You are going to learn by experience and this book will help you get started. The seminars are simply going to part you and your money. Tax liens are not as easy as they sound. You cannot simply go down to the courthouse and buy a 25% lien. Most people trying to get you into this game neglect to mention the fact that large companies will flood the market with lowball offers to obtain a majority of the better tax liens.
No nonsense. No hype. No Details.......2007-01-13
From reading the cover you might think this is another get rich quick idea. After reading the book, however, you'll find a hype-free matter of fact approach. All the benefits and pitfalls (at least that I could think of) are covered. I went to a seminar where someone pitched an expensive package of services to help someone who wanted to invest in tax lien certificates. Instead I bought this book. It will answer your questions and help you decide if you want to proceed. What the book does not include are all the little details you'll need to actually execute a purchase. This varies a lot by state and would require the book to double in size. So, if you just want to know about these investments, I recommend this book. If you are ready to invest, you'll need more information.
Good explanation of difficult subject.......2007-01-04
Tax lien and tax deed investing are complicated subjects, made even more complicated by the huge variations in laws from state to state. This book explains the different details with great clarity.
The book opens with general chapters that explain why the differences between tax liens and tax deeds, the things an investor must consider when planning such an investment, and guidelines that will help make the process more comfortable. For example, even an experienced investor may have little experience with auctions, which is the method most governments use to sell tax liens and deeds - "The Complete Guide" has tips on what to bring and do in those situations.
Also in the early chapters, Burrell uses real world examples to help explain points - showing, for example, the forms used to register for an auction in Los Angeles. Later, Burrell discusses subjects like foreclosing (the painful part for those of us without thick skin) and getting financing for a tax lien or tax deed investment.
However, the key parts of the book are the tables (I think there are about 20); Chapter 12, which has a comprehensive breakdown of the different state laws; and the exceptionally comprehensive, 60-page (you read that right!) glossary.
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- Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
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