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INVESTING BOOKS
Posted in Investing (Tuesday, October 7, 2008)
Written by Adam Dunsby and John Eckstein and Jess Gaspar and Sarah Mulholland. By Wiley.
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4 comments about Commodity Investing: Maximizing Returns Through Fundamental Analysis (Wiley Finance).
- It's a good fundamental primer on most of the products in the commodities markets, discussing the supply and demand characteristics of the underlying products. It doesn't spend much time on trading or technical characteristics - the book is clearly aimed at introducing traders to the products they're actually trading, to the extent traders find that necessary. Useful discussion of energy products, crack spreads, as well as ethanol and agricultural products.
However, its fairly obvious that the authors were torn between writing a more academic study of the markets versus something more accessible to layman traders not generally known for their perusal of Financial Analysts Journal. Still, it was a bit jarring to read paragraphs that had both academic citations and 7 word sentences. It was as if there was a bit of a war between making it as simple as possible and trying to include important previous work in the field.
Overall, its a helpful overview to understand what drives the fundamentals of each market. While trading clearly requires a combination of both fundamental and technical considerations, the fundamental side tends to be oversimplified to the extent that its a question of whether its the fundamentals or the perception of those fundamentals which matters. But that's why you can't ignore price.
- It isn't easy to write a book about investing in commodities---the topic can seem simple but can quickly become quite complex. The authors have done a very good job. My only criticism is that I would have liked to have seen more on ETFs and strategies for trading commodities (collars, swaps, etc). But it is probably best that the authors kept it simple enough to inform without causing confusion. It makes an excellent desk reference for someone wishing to learn more about commodities.
- This book is a well-written introduction. The authors state their biases; are explicit and up-front about what they omit; and, offer some information available in no other books. Overall, it is a great addition for quantitative practitioners, sharp MBA students, and PhD students seeking a market primer.
Some chapters are wonderful: concise while conveying the rich intricacies of a particular market. A unique benefit: the authors focus on data coherency. Issues which affect historical analysis (like contract redefinitions) are routinely mentioned. I've seen no other book that addresses such issues consistently.
Unfortunately, some chapters feel pro forma. Did one of the authors slack off on researching and writing? I don't know, but the other chapters are good enough that the difference is noticeable. Also, while I respect the decision to omit some markets (such as gold), that denies the reader a complete perspective.
The tone is that of an academically-trained practitioner: perfect, in my opinion for those who are quantitatively aware (but might not be quants). I'd also suggest the CBOT Handbook and Kolb and Overdahl's book on futures markets. For true quants, Geman's book on commodities is also an excellent companion.
- The book presents a broad introductory overview on the key commodity markets.
There is very little in there that can't be found easily on the Internet.
It is just a good entry point for those who don't have a clue about commodities. If you are more advanced, this is not your book.
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Posted in Investing (Tuesday, October 7, 2008)
Written by Leslie Whitaker. By Hyperion Books (Adult Trd Pap).
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5 comments about The Beardstown Ladies' Common-Sense Investment Guide: How We Beat the Stock Market-And How You Can, Too.
- Allow me to chime in a little, too. The ladies were probably running a ponzi game. It's hard to say whether it was intentional or not, but am I glad they are totally forgotten at this point. This episode does prove that not everything in print is true. A cynic's corollary: most things in print are not true.
- If you are planning to read this book to learn about some "Beardstown Ladies magical formula to beating stock market", then forget it. This book is not for you.
"The Beardstown Ladies Common-Sense Investment Guide" is a self-glorifying book by the "Beardstown Ladies", about the "Beardstown Ladies". In brief, this book is all about how some small town ladies got lucky in the stock market.
In no way can this book be considered a "Investment Guide". Most of the ideas presented in this book are self evident and already known to the general public. There are no specifics on how much they made but based on some of the numbers quoted, it does not look like they made millions or anything close to it. Again the pompous ladies have quoted just the beginning and ending numbers, so it might seem that they got good overall returns, but if you try to find the compounded rate of returns, it turns out to be mere few points above or close to the market and that too over a not so long period.
The book just talks about its so called "great" successes. But fails to tell any of their failures.
This book should probably have been renamed as "Beardstown Ladies book of recipes".
All you can take from this book is ... If some small town ladies can make "some" money in the market, you too can :-)
-Sachin
- The S&P 500 Index returned 14.9% per year. The Beardstown Ladies, when their returns are calculated correctly, earned 9.1% per year. See A Random Walk Down Wall Street by Burton G. Malkiel, quoted by en.wikipedia.org/wiki/Beardstown_Ladies
- Forget trying to beat the market. Most people can't do it over the long run, no matter how many hours of work you put into it. Instead just put your money in an S&P 500 or Total Stock Market index fund and forget it.
- When you think of your grandma do you associate her with being savvy with the stock market? This group of 16 women aged primarily in the 50 to 80 year old range began an investment club in the early 1980s for the purpose of learning more about the stock market and as a good social outlet. Among the group was a school principal, a secretary, a pig farmer, and assorted other professions.
Some of them had a general understanding of the stock market prior to meeting together and some did not but all of them gained a much better understanding of investing and business in general over the course of the club meetings.
The structure was such that they met once per month to discuss various companies and the pros and cons of investing in them. They used various financial metrics on income statements, balance sheets, and analyst opinions to make informed decisions about stocks to invest in. Each member contributed $25 per month to the club and when enough money had accumulated shares of stock were purchased.
Each member of the group was assigned a company to track and perform research on through various methods such as observing local businesses like Walmart, reading the Wall Street Journal, watching financial shows on television, and the nightly news.
From 1984 to 1993 they claimed to have earned more 23% in the stock market but later audits revealed the actual percentage to be closer to 9%. Regardless of the actual return the women became substantially more knowledgeable about the stock market and much more savvy about investing.
The club also provided them with a great social outlet where they swapped recipes and stories in addition to investing money. Many of these women were widowed and the club gave them a great deal more confidence when managing their finances.
The first half of the book describes the club structure and how they originally started and the second half deals primarily with their investing principles and how they went about selecting stocks to buy, hold, and sell. Interspersed throughout are the ladies personal comments about various investing and other topics. There is also a recipe section towards the end of the book.
This book provides a good vehicle for learning how investing clubs work as well as general tips on growing one's knowledge of the stock market and how to evaluate individual stocks. The beginning investor would do well to first thoroughly research mutual funds and their benefits prior to investing in individual stocks.
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Posted in Investing (Tuesday, October 7, 2008)
Written by Robert P. Miles. By Wiley.
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5 comments about Warren Buffett Wealth: Principles and Practical Methods Used by the World's Greatest Investor.
- I've read a lot of books on Warren Buffett and this one is the best reading on the topic available. Robert Miles shares some unique insights into the strategies of this brilliant investor.
- Warren Buffett is a legendary financial wizard who has built a fortune based on the principles of value investing. Many volumes have been written about his investing approach, but Robert P. Miles' treatise is a bit different from most of the others. The author is obviously a great fan of Buffett - at times, the book borders on plutocratic hagiography - but his all-encompassing admiration lends his work a distinctive tone. Reading this exposition is like hearing a star-struck fan discuss the techniques of a favorite movie star. Dazed admiration helps Miles see patterns, connections and details about Warren Buffett that you might not find in a more objective or more focused tome. If you want a nitty-gritty, pros and cons analysis of Buffett's investing style, go elsewhere. If a down-home and frankly admiring analysis, complete with investing advice based on Buffett's principles, is more your style, we assure you, you've come to the right place. No naysayers allowed.
- Design of book:
Chapters headings and sections headings are structured to be captivating and clear, making it easy to convey the purposes and meanings of the principles.
Content:
The initial chapters of the book build on some of Buffett's stories and are intended to persuade the reader into following Buffett's principles of investing. You will unfold more of Buffett ways as you read, but most of the essential tips are already mentioned in the first half of the book. The later chapters merely serve as unnecessary elaborations. Principles and examples are also recycled at the later chapters giving readers a feeling that they were reading the book again, before they finished reading.
Buffett debunks the Efficient Market Theory (EMT) by emphasizing on knowing the stocks you buy, buying at a discount and his track records. He also believes that knowledge of basic finances and accounting (GAAP) are necessary to value businesses. However, it will be hard to replicate his success given the difficulties of finding under-valued firms and attaining his wealth of experiences in interpreting annual reports.
For who:
More for first-time readers of Buffett's principles and books, though the author suggests that readers of other Buffett books would find it beneficial as well. Like most books, its persuasive content might not be relevant for readers who are already believers of his principles.
This is also not a `get-rich at once' book. Further readings like The Intelligent Investor and Security Analysis (both written by Benjamin Graham) are necessary for savvy investing. Discipline, morals and experiences are also vital when following his principles.
Readers should also have the mature mindset to determine the usefulness of some principles, which might be out-dated in today's context. In fact, the reason behind the popularity of Buffett and his principles are due to his simple and conservative approach towards investing, something which simple people are attracted to at the start.
- It gives a lot of facts on the accomplishments of Warren's life. Some may be a bit repetative, but are used to engrain the theme of value. If you read it and take the ideas to heart about value in stocks, doing your own research, making good purchases in life (i.e. your home/car in addition to stocks), etc. you can walk away with a lot.
- i've read all the Buffett books and this is the best of the lot. Also check out Rich Dad, Poor Dad.Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
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Posted in Investing (Tuesday, October 7, 2008)
Written by John C. Maxwell. By Thomas Nelson.
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5 comments about Winning With People Discover the People Principles that Work for You Every Time.
- I always thought the "Golden Rule" was to treat others how you want to be treated, but Maxwell's interesting take was that we should treat others how "they" want to be treated. It makes sense! Awesome read and practical application.
- After reading only 60 pages I felt compelled to write a glowing review of this book. I had thought How to Win Frinds and Influence People would be a book that always stood out head and shoulders from any other self help book. This book is right up there with the best. John has much information packed in the first 60 pages and I am going to stop writing and go back to this fine work.
- Great read, simplystic and profound, I highly reccomend it!!!
I am a pastor of a church and yet even with years of experience in working with people, this book still challanged me in it's profound and simple principles, and improved my leadership ability by exposing some areas I could improve on. Since I bought this book for all my leaders to read, our church has even a healthier, happier environment than it had before, and I use to thnk it had a great environment before. I highly recommend it and plan on purchasing the rest of this author's books on leadership skill development.
- In "Winning with People" by John C. Maxwell, the author intends to provide a reference for building and improving relationships. Doing so, according to Maxwell, requires that we first look at ourselves in order to determine if we are really ready to develop relationships. In essence, the first step to improving relationships is to realize that often our relationship problems originate within ourselves. Once we have moved beyond what is holding us back from succeeding in relationships, we can move on to developing them by investing in people with interest and trust.
There are many good ideas in this book for developing relationships. However, the ideas will seem somewhat recycled. If you have read Dale Carnegie's book on influencing people, there won't be much new for you in this book. In fact, I got a sense of deja vu from reading this book. About the only thing new is Maxwell's stories of how he dealt with relationships as a pastor, which if you are thinking of reading this book for business purposes, will not add much to what Carnegie has already said.
- This book was given to me as a gift on audio. I also bought the hard cover in that the material was exceptional. The content is easy to read and intuitive to apply to all life circumstances. I intend to have my Middle School child also read the book. Great work.
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Posted in Investing (Tuesday, October 7, 2008)
Written by Sandy Botkin. By McGraw-Hill.
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5 comments about Real Estate Tax Secrets of the Rich.
- If you are a real estate investor, or, better yet, if you are thinking about investing in real estate, read this book before you buy your first property!
You will be glad you did. Proper tax planning can yield you so much more money in the short and long term than you can imagine. Sandy lays out all the details in simple language and easy to understand examples. This book is worth its weight in gold! If you are new to real esate investing I also recommend that you read "Investing in Real Estate - 5'th Edition" by Gary Eldred & Andrew Mclean
- Sandy Botkin has presented a very clear analysis of the tax advantages around owning real estate. Real Estate Tax Secrets of the Rich is an excellent tool for any financial and real estate professional (CPA, CFP, Mortgage Advisors, Realtors, etc)that counsels and advises property owners and investors. I intend to make this book available for my clients as well.
- It should come as no surprise to you that the Federal Income Taxes are horribly confusing. They contain all kinds of special loopholds, private benefits, bureaucratic rulings and whatever that it's very difficult to follow.
This book takes one small subset of the tax code, that pertaining to real estate and pointing out literally hundreds of rulings that you probably never expected. For instance -- Interest on mortages for your home, both principal home and second home is deductable. But. What's a home? A place that 'provides basic living accommodations such as a sleeping place, a toilet, and cooking facilities.' Does your motor home, travel trailer, or boat provide such accommodations? Yes, then it's a home. What if you rent it out some of the time? She provides the IRS rulings.
The book is well written, not difficult to follow, and almost certainly can enable you to find enough deductions to cover it's fairly low cost.
- Well written to those that want an introduction into real estate investments and provides some reasonable tax savings tips that do not appear in other tax related books. Using the example on page 98, I figure the gain net return on investment to be 4.5% instead of 31%. I used different assumptions. My assumptions are based on the following: I used $6,027 in buying closing costs. I figured fair rental value as 90% of (5% down, 30 year mortgage at current interest rate) or $1,135 per month. I figured a $45 taxable loss on the sale of the land and building since closing costs and recaptured depreciation offset gain. I figured a $5,736 loss on schedule E before I realized that hiring a property management company means that I cannot take the tax loss on Schedule E. Most of the loss was due to $4,879 in depreciation. I figured the cash flow to be a negative $1,859 for the year since I had lowered the rental income projection and added the property management fee.
- This book is not worth the paper it is printed on. Very poor structure. Badly written in such a way that the Secrets remain so. I would not recommend this book to anyone.
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Posted in Investing (Tuesday, October 7, 2008)
Written by Glinda Bridgforth and Gail Perry-Mason. By Harlem Moon.
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5 comments about Girl, Make Your Money Grow!: A Sister's Guide to Protecting Your Future and Enriching Your Life.
- A truly wonderful book. However there is a crucial element that must be addressed in light of what is coming down the pike at us "Girls". If you read Arnold's The Great Bust Ahead (or visit the book's website at thegreatbustahead.com) you will gain insights into what may be the greatest depression in history beginning just a few years from now. This will probably affect women the most, and women (and men) of color more than others. So, whatever us Girls can make by following Glinda's advice needs to be protected (i.e. not lost in the coming depression) by reading Arnold's advice.
- I brought this book last year and I still refer back to it. It is a must have for all women who are trying to get it together.Good luck ladies we can do it.
- This is the first popular book on finance I've ever read that didn't make me want to go out and cut my throat because I'd been so stupid and now it was too late! Instead, the authors explain how to think in terms of abundance, not deprivation, and explain how it's NEVER too late.
Another great thing about this book is that it integrates saving and investing into your life, not just your lifestyle, and shows how they can actually enhance your value system.
Buy it. It's the WHAT COLOR IS YOUR PARACHUTE of investing.
- One of the best things this book does is points out that it is a CHOICE to live an abundant life. The book points out those wrong mental footprints of to handling finances can be corrected. Then it shares easy to understand, sensible steps to follow in making one's financial abundant life a reality. I read the book the first time and made notes. Now I am rereading it the second time and doing the exercises. I see the rewards are right around the corner.
- * Several good plan for us to implement in order to improve our financial income is explain in details.
* Lots of good story of real life people who face financial problem and overcome it.
* You don't need to work like crazy to achieve success but you need to be smart in taking advantage of the current situation or market so that it will not turn against you.
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Posted in Investing (Tuesday, October 7, 2008)
Written by E. R. Yescombe. By Butterworth-Heinemann.
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1 comments about Public-Private Partnerships: Principles of Policy and Finance.
- Yescombe's "Public-Private Partnerships" is a welcome helpful book, especially for non-experts who have not been educated in law.
Any contract or capital structure has peculiarities unto itself which general commentary can summarize. But this is an extreme challenge in the field of public-private partnerships.
Public-private partnerships can take a variety of shapes and sizes, with asymmetric agency concerns involved. Yescombe doesn't address the full utility of individual agents and principals within asymetry (or work through complete n-actor, n-game game theory optimization), but the cautious reader can read between the lines as he walks through the details and he amply raises enough issues to stimulate thought.
Sub-specializations can often develop difficult technical jargon, and Yercombe does an excellent job unpacking the sometimes bewildering use of terms, while sticking to a presumption of a readership coming from a "Black's" and common law perspective.
Yescombe covers a wide range: from general policy developed by government authorities to technical financial analysis, capital structure, procurement, financial and legal venue issues. Yescombe's perspective as a practitioner gives a solidity to the subject matter, and provides an authoritative guide and reference for investors, bankers, companies providing infrastructure or services to public sector authorities and the public at large.
For now, this is the single best work for anyone interested in a public-private partnership.
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Posted in Investing (Tuesday, October 7, 2008)
Written by George Kinder and Susan E Galvan. By FPA Press.
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1 comments about Lighting the Torch: The Kinder Method(TM) of Life Planning.
- This book describes the E.V.O.K.E.(c) process, which is a truly remarkable method for working with financial planning clients that want a deeper relationship with their planner, and a plan for their lives. Using the techniques and process so well described in the book, a CFP(r) practitioner can take their client(s) to a deeper understanding of their life's goals and aspirations. When used with the knowledge obtained from a careful and complete reading of the "companion" book "The Seven Stages of Money Maturity", a planner can provide very meaningful service to their client.
True understanding of the E.V.O.K.E.(C) Process which stands for Exploration, Vision, Obstacles, Knowledge and Execution comes after one has attended the 5 day training course offered by the Kinder Institute, so named after the co-author George Kinder.
For those seeking a deeper relation with financial planning clients, there is no better book in this field.
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Posted in Investing (Tuesday, October 7, 2008)
Written by Samir Elias. By Leathers Publishing.
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5 comments about Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition.
- Full of valuable insights, rules of thumb, strategies, and tactics to make extra income on stocks without selling the stocks. I am new to options and this book has given me a solid basic education on how to generate cash immediately from stocks I already own. His strategy of selling covered calls and puts on the same stock, depending on whether the underlying stock is trending downwards or upwards, is by itself a powerful strategy to bring in extra cash in any type of market. The author uses real world examples of specific stocks to illustrate how to execute the strategies and tactics that bring in profits. His basic premise is that a successful options trader needs to use fundamental stock analysis to determine which stocks to purchase and technical analysis to determine when to buy and when to sell these same stocks and/or the options of these stocks. This is a book that deserves multiple readings and constant referral to as one navigates the stock market. I highly recommend this book. If you are interested in making money in options and stocks, you should purchase this book and learn how to succeed with the author's many strategies and tactics. His rule of thumb for the successful investor to do the opposite of the particular 'Buy', 'Hold', or 'Sell' opinions of professional analysts was amusing and insightful.
- The strategies in the book are attractive. However, there seems to be a constant underlining theme: "All the setups will work". There should be more material on considering the downside risk also. For example, in the strategy that focuses on stock with price less than 5 dollars, the trade example only focuses on the amount of profit a person can get when the stock increases in price. There is very little discussion how to manage the position when the stock price goes down.
In summary, use more caution when using the strategies in the book.
- I had began studying this book aside my trading courses and it has been very helpful filling some gaps, especially on technical analysis.
The technical analysis part is very well done and worth the price of the book alone.
This book will teach you also how to get out of trouble when things will not works as planned.
When followed to the letter, the methods in this book are very reliable and successful.
You need to be patient of learning very well what it is written and be sure you are really executing the trades with very good attention to detail.
Probably you will need to study this book as you would do it at school.
Do not rush in to trade just because it seems very doable, wait until you are sure you are executing precisely what is written on the book and that the stock you are going to trade, has the fundamental and technical requirement to apply the strategies of this book. that is very important.
The only difficult part is to find the stock that meet the requirement, But once you find the right stock or wait for the right conditions on your preferred stock before placing the trade, it will work as planned.
Some trades are pretty aggressive, and I advise to do them only when you have developed some experience.
In any case a great book with great technical and sentiment analysis, some very interesting strategies and a lot of examples of real trades. It will teach you how to pick your stocks, how to find good entry and exit points, especially how to anticipate downturns in the market and your stocks and how to protect your gains.
again, I suggest of being very carefully on following instructions in detail and picking the stock and the market trend that meet all the requirement described in the book.
Of course, try of getting the third edition of this book because it is the most up to date.
In any case, for those that are not fluent with "options" trading, I suggest you to read some other books or take courses that teach you the options instrument and its implications, in order to understand your obligations and risks in using options. another important thing that you need to get familiar with, and this book does not cover completely is, what i would call: "options behavior" (for not being technical), which sometimes may be quite unsettling to the inexperienced trader and scare him/her out of a trade even when nothing is wrong, but to the inexperienced trader may look like things are not working as they should.
hard to explain in few words... you need to take your time learning.
- In my quest to become a profitable trader I have read many books on both stock and option trading. This book is unique in that it combines trading stocks with practical option strategies to reduce risk and increase profits.
Most books exclusive to stock trading tend to reduce risk using stop loss points.
In addition to offering insights on how to place stops so you are not a victim of "stops running" and `Front running" traps by market makers (explained in the book); the author shows you how to use options to enhance profits and minimize losses when trading stocks. A chapter entitled "risk control and money management" discusses how to strategically place stops and how to use options as a risk reduction tool applicable to most trades in the book.
On the other hand most books dedicated to trading options tend to discuss esoteric and theoretical aspects of option trading such as greeks and implied volatility etc . Rather than rehashing what is present in most books, the author focuses on simple option strategies that can be effectively used by the small stock trader to improve results.
To me this was a breath of fresh air, since almost in every options book each author goes through the same things (greeks, implied volatility etc) in a different way. This book offered me what I was looking for. Strategies that are simple and practical and help me make money.
There are many firsts in this book. It is the first to offer a practical and simple method to manage long term holdings as represented by convergence/divergence charts. Having heard about the potential explosive profits reaped from short squeezes, this is the first book I have seen offer a stepwise procedure to identify stocks with the potential of a short squeeze . The author also discusses a scan to find stocks reversing from a bottom that he uses to identify low risk trades. He then goes through the process step by step to show you how to narrow down candidates to find profitable trades.
My favorite Chapter is the one entitled "Tricks of the Trade" where the author discusses how to play different trading strategies based on his practical experience in the market.
As another reviewer mentions this book deserves multiple readings and constant reference due to the practical and innovative concepts it offers.
- This probably has to be the most valuable book I've bought to date on share/options trading. Maybe not a lot of new info for the "experienced" options trader, although it may be a reminder even to them of how truly effective certain strategies can be... especially with relatively little risk. But I would say a MUST-HAVE book for anybody else and especially for those considering a start in options trading.
It's a book that gets the point across of ensuring you're getting paid FIRST, when entering a trade, and not just hoping that you make money later.
Here is a book that goes beyond just the theory and ideas repeatedly covered in other books. The tools and methods suggested may not be new, but the concepts are certainly eye-opening, well described, and certainly achievable. It's more a book on how to EARN AN INCOME (more than capital growth) and how to TIME your trade/adjustments-to-trade to achieve this most profitably.
The greatest benefit I gained from this book was that it gave plenty of suggestions and ideas on how to salvage a bad trade, using strategies such as covered-calls, writing puts, and collars (to name the main strategies). He also does a great job describing how to "fine tune" his techniques, by using certain indicators to better time entry and exit points, as well as going through how to deal with the number of possibilities of a position nearing option-expiration dates or if a position was to adversely/unexpectedly move against you before then.
His techniques though are not all about salvaging any "bad" positions still held, but also useful in entering a new trade and maximising profits and reducing risk, through the use of selling options... and insights on how to monitor and profitably ADJUST those positions so as to maximise your returns by the time you exit the trades.
The best thing though about the book is that he uses real examples and goes through how to handle a number of possibilities (negative outcomes as well as positive). One truly begins to understand a trader's thought process and mentality before and after entering a position, by going through his detailed examples.... and it's reassuring that the results claimed can truly be achieved using strategies and means that are readily understandable and available.
The only negative(s) I have about this book, is that Samir doesn't go into the "finer" points about short-selling options and money management and could make somebody feel too overconfident and not appreciate ALL the risks involved. He eludes to them towards the end of the book but these very important points can easily be glossed over by the unwary reader. A lot of the examples he provides are stock/option positions in the tens of thousands... not so risky if you have an even larger starting capital, but potentially very risky if it's smaller and brokerage also begins to have en effect too.
For example one would need to: clarify how much option collateral is necessary to open a particular position, take into account brokerage, take into account "slippage" between ask/bid prices, be prepared for and have a plan to deal with an increase in implied-volatility (something not touched on at all). All these and more, will determine one's starting-off capital and how much risk one is prepared to take per position.... Determining individual risk isn't covered very well in this book, thereby making these strategies and returns, to appear deceitfully "easy".
Finally remember it's a percentage game, and it's very easy while reading his book, to get too carried away with the "tens of thousands" of profits one can make through his strategies... these returns are only possible on large initial positions... the percentage returns though will remain almost constant.
Despite this negative feedback, I still think that the book deserves 5 stars, purely on the excellent information provided. Strategies, their execution, and profit returns, are truly realistic and within the means of most people... provided one has an adequate starting capital and sound concepts of money management
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Posted in Investing (Tuesday, October 7, 2008)
Written by Jane Atkinson. By Speaker Launcher.
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3 comments about The Wealthy Speaker.
- I wish I had Jane's book when I began my speaking career! After several years of speaking, I can say from experience that her description of the process is right on. The tips she delivers throughout her book will help anyone who wants to make it as a speaker.
Jane explains clearly how one must define themselves as an expert in their field to assure success. Without doing so, a speaker will be lost in a sea of mediocre speakers. Jane's timeline and step-by-step instruction will help you to focus on the most important aspects of your speaking career. If you are interested in becoming a speaker or you want to take your speaking career to the next level, this book will be your best investment.
- The 'Wealthy Speaker' makes a great deal of sense and with the 'Ready, Aim, Fire' strategy makes it possible for the reader to design practical objectives for their speaking business. I think Jane Atkinson has managed to produce a book that has value for the new and experienced speaker. If you want to achieve more focus in the speaking industry this is a great place to start. I have many books on the topic - this is my favorite by a long chalk and pound for pound the best value on the market.
- "The Wealthy Speaker" is on the top of my list of books on the speaking business. I got her books, workbook and audio book too. It's an easy read and doesn't add a lot of fluff like other books do. The Flash Points are great, her information is priceless, she knows that she's talking about.
I know you'll be thrilled if you get her book and take the time to read it. Thanks for writing a WONDERFUL book Jane. Look forward to being one of your "wealthy speaker" examples in your next book.
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The Wealthy Speaker
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