|
It gives good stock investment techniques for "home gamers" that are willing to do some simple research. It is occasionally easy to make money buying and selling stocks. This book tells you how to do just that.
The version that is available now on Kindle is the 2008 version. I downloaded TNLGTSMI to my Kindle on February 1st thinking I would get the January 2010 version of the book.
However, this book is for the neophyte investor. After this hard work, you'll know how to 'time' the market so you can get in and out with a tidy profit. Other than this supposed tip, he basically just talks up ValueLine's service and how you should do lots of hard work and analysis and then you can beat the pros. The most interesting part of this book was the quotes from 6 "masters" of the market (Buffett, Fisher, Graham, Lynch, Miller & O'Neil). The other HFCGX has materially outperformed through Aug 2009 (both stats are according to CXO Advisory group). If you have absolutely no idea how the stock market works, then you definitely want this book.
I'll bet if we look at Mr. What a waste of money. I bought this book in hopes that I would get thoughtful analysis like Mr. One of those two strategies (which you can invest in via HFCVX) has materially underperformed both its benchmark Russell 1000 Value Index and the S&P 500 Index over the past decade.
His biggest tip is James O'Shaughnessy's cornerstone value strategy, which was identified 14 years ago (1996). Yet he goes on to tell you how you can beat the market. Still - would you have chosen the right fund. Kelly's assets the bulk come from book royalties and not stock picking.
And if you invested in both you'd have probably been better off in an index fund. But it wasn't enough to make me happy I bought the book.Further, it provides ideas how you can beat the market. 50/50 shot of that. Kelly provides on his blog.
But if you add in the next 6 mos, this performance diminishes (although it still outperforms). Kelly himself states 'gurus' can't do it and beat the market just 48% of the time. It's more a dummies guide to the stock market rather than an investing book. Yet, Mr.
Although their books are out of print you will see how they make money though showing you the patterns they use. Check out the books of Toby Crabel and Linda Raschke - they are hedge fund managers. And there are other methods to make money that are based on better methods for stock selection.
Very simple and easy to read. In reality fundamental stock selection methods are often vague and take time to implement. This is a terrific little book.
Many times you would not have the advantage to find such companies. IF you are lucky you may still their books on Ebay or Amazon somewhere. However, we all know that there is no simple way to make money.
And if there was everyone will make it.
Jason Kelly breaks everything down so it is easy to understand and very entertaining to read. I finished it excited to start investing and use everything I had just learned. It's a great book and I'd recommend it to anyone interested in understanding the stockmarket. I picked this book up hoping to learn a little something about the stock market, instead I have come away with more knowledge than I ever thought I'd get out of a book. The book covers the basics and shows you how to evaluate stocks, build you own worksheet and also includes strategies.
|
