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Amazon Investment Book Reviews: Have You Been Brainwashed?

Most popular investment books are published for the already rich and famous, by an industry that has become just too good at the business of selling books. Rarely will a publisher take a chance with the work of an unknown author. Certainly, it’s a no brainer to sell a Jim Cramer, Peter Lynch, Robert Kiyosaki, or Maria Bartiromo effort while a uniquely new approach to solving the puzzles of Wall Street, presented by an unknown writer or commentator, requires some major financial risk.

Big publishers want to sell already big names; discovering new ones is not in their wheelhouse. Are they responsible for the problems in the financial markets? Of course not, but they do have a perverse, if indirect, impact. By constantly publishing the same Wall Street friendly message, they contribute to the brainwashing.

Without a wider distribution of new ideas based on old wisdom, Wall Street as usual remains Wall Street as usual and the average investor remains uninformed and ill advised about the dangers of the financial markets. The biggest investment mistake generators are cleverly ignored by most of the books I’ve read about investing— even compounded.

The new generation focus on calendar year instead of market cycle performance; the worship of portfolio market value alone, for all securities, even those purchased solely for income production; the use of gimmicks and products instead of securities for portfolio development; the acceptance of speculations as acceptable, “alternative” investments.

Appreciating the differences between investing and speculating, and learning what to expect from your securities in cyclical markets are things that investors must learn about. Have you been brainwashed? These 15 Amazon members are learning to think outside the Wall Street box, without any help (or investment) from publishers:

1) Super Investing Book: I’ve read a bunch of books on investing and money management, and this is the best, BY FAR!!!!! It’s so good, and refreshing, that I’ve read it twice. (R. Q. A., Bryan, Texas)

2) Back to Basics: This is an eye-opening and intelligent book, which at once offers an analysis of the investment industry and a practical guide for non-professional investors— a clear set of economic principles mixed with clear commonsensical advice. The author— describes how to benefit from the ups and downs. Great book. (Professor P. W., Jerusalem, Israel)

3) The Best Investment Book I Have Ever Read: For skittish investors such as me, [the] unique Working Capital Model reduces the emotional factor by taking the emphasis off market value and focusing on growth of working capital. I implemented and followed the trading strategy myself. You would do well to buy this book and read it two or three times. It will save you [from] a lifetime of mistakes that come from following conventional wisdom. (D. J. F., Peoria, IL)

4) Easy to Understand, Even for Non-Investors: This book seems to be much easier to understand than the stock market trading systems advertised on TV. (P. L., Manchester, CT)

5) Happy User: You can take this system to heart— and to the bank. It works for me. (L. J., Phoenix, AZ)

6) Unique Advice that Stands Out From the Crowd: This is one of two [books] that stand out. Besides being written in an entertaining and irreverent style, it has immensely practical advice. Focus on making money on the market’s inherent volatility vs. trying to guess what’s next. Saves a lot of time and appears to work. (C. M. Rakes, Annandale, VA)

7) An Enlightened Self-Managed Investor: Not only did I identify many many mistakes that I had made thru the years, but the logical approach outlined [in the book] has to make sense to anybody who has tried to get meaningful portfolio guidelines for future investments tailored to individual needs. Great Book! (A. C., West Palm Beach, FL)

Right on the Money: I didn’t want to put the book down until I was through. [The] trading strategy is refreshing information that should make a lot of people a lot of money with less risk. (D. M., SC)

9) Investing Made Successful: I heard [the Author] on a talk-radio program and was intrigued by the premise of the book. After reading it, I’m convinced. I’m migrating from mutual funds to individual, high quality equities. [The book] was a slap in the face to make me stop my destructive investing habits. (G. P., Colorado Springs, CO)

10) What a Great Read: This is really an incredible book— [it] has incorporated very creative insight with some highly original thinking to produce one of the best “investing manuals” ever written. I wholeheartedly endorse this book! (“Jointhefreedom”, NM)

11) Courage To Go Against the Pack: The [book] is written in an exciting, enthusiastic, fast moving, style that reads like a novel. Should I ever venture into the stock market, it will be with this book. (S. M., Virginia Beach, VA)

12) L-O-N-G Overdue Investment Strategy Advice: I’ve long been skeptical of the generic advice handed down to me by advisors over the past— I don’t know any wealthy people who do this. Well now I have a frame of reference for my doubts about the system and a simple plan to take control of my investments. (B. S., Vancouver, BC, Canada)

13) A Must Read To Save Your Money From the Sharks: Written in a conversational style with plenty of humor, this book gives you the questions and answers you need to keep and increase monies that are being put away for retirement. I have purchased three books already and am purchasing five more to give to friends and relatives— (R. M., San Jose, CA)

14) Brainwashing of the American Investor: Finally the truth! What an eye-opener to see how the markets, and the people behind the markets, have manipulated the average investor over the years. I highly recommend [this] book for your next financial read. (A. J. L., Ft. Pierce, FL)

15) Profit Like a Trader; Sleep Like an Investor: The technique or strategy presented is almost a “why didn’t I think of that?” The idea is to run your portfolio the same way you would run a business—not a get-rich-quick kind of plan. You just focus on the essential measures of quality. The key is to maintain your plan during the slow times and reign in your greed during the boom times. (P. G., Moon Township, PA)

Today’s publishing industry has a no-risk attitude, and those that are brave enough to deal with new authors are intimidated by the full-return guarantee demands of the bookstores. Stuck in the middle with no choice, most new authors must turn to self-publishing.

The reviews above describe a book that Wall Street wants to keep in the closet, an educational and strategic breakthrough that would have allowed most investors to avoid the bubbles and derivatives that caused our current financial woes. There are probably others— below the 200-level in all Amazon’s best categories.

Home Based Business Ideas in India – Home Based Business Opportunities without Investment in India

We’ve all heard not far off from citizens who maintain formed their own achievement by working by the side of mother country. It seems so textbook. Being mother country to custody in place of your dynasty, a beautiful mother country company someplace you run your small organization in place of clients who be thankful for you. Enough schedule to pick up the kids from train or keep an eye on to dynasty activities around your toil schedule.

Do you continually wonder if folks stories are real? Well don’t free hope, for the reason that I am at this point to tell you with the aim of these types of achievement stories are real, and with the aim of YOU can complete the same lifestyle and toil by the side of mother country achievement with selected alert effort and the appropriate mindset.

Here are selected toil by the side of home business success secrets with the aim of will help you contract on track on the road to your toil from mother country hallucination life.

*Passion. It’s promising to be profitable by the side of a organization with the aim of you are not passionate not far off from, but if you hunger to really get pleasure from your toil, go for a mother country organization with the aim of involves your interests and passions.

*Motivators. If you maintain the appropriate motivation in place of running your organization it will push you to achievement. Making money is of great consequence, but if you are motivated to share your organization with others for the reason that it can benefit them, you will unearth with the aim of your organization will be in lofty demand. Instead of “selling” your organization you will unearth with the aim of you are sharing your skills or products with others who seek your help. Plus you will maintain lofty satisfaction knowing with the aim of you are plateful others.

*Clear Goals. Having exonerate goals can help you to persevere as well as to stay on track. Write down your reasons in place of having a mother country organization and keep them someplace you can find out them in place of reference. Do you hunger to stay mother country in place of your dynasty? Are you demanding to contract barred of debt? These are lofty motivators with the aim of can help you to stay on track.

*Business Values. Having exonerate organization morals can besides help you extent mother country organization achievement. Do you hunger to help toil by the side of mother country moms be profitable? Maybe you hunger to help create a beautiful remembrance in place of citizens getting married. Defining your organization resolution and morals will help you to create a profitable mother country enterprise.

*Be a high-quality listener. By listening to others you can discover a fate not far off from their needs and wants as well as the needs and wants of their links. You will be surprised how much you can discover not far off from someone by simply listening. People be thankful for being heard and if your mother country organization is able to help them with their position they more than likely will hunger to be your client.

*Integrity. Many businesses seem to lack integrity and honesty these days. If you would like to attitude barred and contract noticed, plus feel high-quality not far off from your toil by the side of mother country organization every time conduct your organization with integrity and honesty. You will be glad with the aim of you did and your mother country organization will prosper.

*Attitude. Keeping a high-quality line is of the essence to your home based business. Even the textbook mother country organization can happen to challenging by the side of time. Remember to take a break whilst things contract tough and to refocus on your goals and morals.

*Respect your “Off Time”. Keep regular organization hours and respect the schedule with the aim of you collection aside in place of by hand and your dynasty. Be present really to focus on by hand and your dynasty and locate your toil away whilst you are finished in place of the daylight hours. Don’t put behind you to take regular vacations and get pleasure from your toil by the side of mother country lifestyle.

*Have Fun. Even if you maintain a passion in place of the subject matter of your mother country organization, it still may well not be the appropriate mother country organization in place of you. You may well love to sew as a hobby, but having to sew in place of a organization may well immediately take the fun barred of your passion. Be present really to consider this central theme whilst choosing your mother country organization.

*Set particular schedule goals. Write down goals and the time with the aim of you propose to complete them. These ought to be on a daily basis, weekly, monthly as well as yearly and long designate goals. Being alert and committed to accomplishing your goals will insure with the aim of your mother country organization is a achievement.

The appropriate line and motivation, combined with the appropriate home based business opportunity will allow you to realize your factual would-be as a toil by the side of mother country industrialist. To your toil by the side of mother country achievement!

Sports Handicapping 101: Maximizing Return on Investment

Let’s go over the importance of the intricacies of money management in sports betting. We suggest to you in our money management article that you should be recalculating your bet size at the end of every month. The chart below shows you exactly why you need to be doing this.

The following demonstration uses actual numbers from our picks for the 2008 MLB season.

Assume a starting bankroll of ,000 and a betting unit equal to 3% of the bankroll. The starting bet for this bettor is (0.03*1000).

Month +-Units Bet Size Without Recalculation Profit Without Recalc Bankroll Without Recalc Bet Size With Recalc Profit With Recalc Bankroll With Recalc March -1.99 -.70 0.30 $-59.70 0.30 April 34.17 ,025.10 ,965.40 .21 3.94 ,904.24 May 17.15 4.50 ,479.90 .13 9.78 ,884.02 June 13.31 9.30 ,879.20 .52 ,151.58 ,035.60 July 24.6 8.00 ,617.20 1.07 ,978.27 ,013.87 August 1.67 .10 ,667.30 0.42 1.40 ,365.27 September 35.15 ,054.50 ,721.8 0.96 ,766.68 ,131.95 October 2.1 ,784.8 3.96 3.31 ,085.26 Total 126.16 —– ,784.80 84.80 — ,085.26 ,085.26

As you can see in this chart, the person who bets a constant all season will have a net profit of ,784.80. His ROI is then 378.48%. (Final Bankroll – Initial Bankroll) / (Initial Bankroll) = (4784.80 – 1000) / 1000 = 3.7848.

If instead the person recalculated his bet size every month to be 3% of his bankroll size then his bet size will grow as his bankroll grows. His ROI would then be 1,508.526%. Now that’s a big difference. Never underestimate the importance of money management.

Investment Books Review #2: Reminiscences of a Stock Operator – a Timeless Classic

This is Edward Lefevre’s story of the legendary speculator Jesse Livermore – and Reminiscences of a Stock Operator is full of trading wisdom.

Although written 83 years ago, its wisdom and insight are timeless, being often featured as one of the top ten investment books of all time – and this is a book every trader should read.

Jesse Livermore – A Trading Legend

The book follows the exploits of Jesse Livermore and his colorful trading history.

He made and lost tens of millions of dollars, speculating in the stock and commodities markets during the early 1900s.

At one stage, he made million dollars in just one month – imagine what this amount would be worth today!

The Importance of Money Management

Reminiscences of a Stock Operator, though, are not so much lessons in how to make money – but how you should protect what you have.

The book is a witty and entertaining read – but the real value of the book is the insight into a traders mind, and how our emotions cause us to lose more than we should – if we don’t trade with discipline.

As Livermore says:

“Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and to the soul.”

Can you associate with that? – I can!

“All stock market mistakes wound you in two tender spots – your pocketbook and your vanity.“

Yes, we all hate taking losses, but at the end of the day, you have to forget your pride – as Livermore says, but you need to keep losses small.

The Myth of Market Timing

Whilst the book is rightly seen as an insight into trader psychology, it also makes an important point in relation to market timing, and trying to PREDICT market turning points.

As Livermore correctly says:

“One of the most helpful things that anybody can learn, is to give up trying to catch the last eighth-or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.”

He’s Right!

Many traders make the mistake of trying to predict market turning points – and follow methods such as Gann and Prechter – but the fact is, the best way to make money, is to wait for confirmation – before entering the market.

You miss a bit of the move, but so what? – You will make money overall, as the odds will be in your favor.

Predicting the market, nearly 80 years after Livermore’s death, is still a major mistake traders make today.

A Sad Ending and a Lesson

This book was published seven years before the 1929 Crash.

Although Livermore avoided losses in the crash – he got out before the crash – he made the mistake of going back in too early – and lost heavily.

The market falls of late 1931 and 1932 drove him to bankruptcy – and eventually to suicide. This shows how even great traders like Livermore, could not keep their emotions out of trading – we all know it’s hard to do, but it’s an essential part of trading success.

Reminiscences of a Stock Operator remains one of those books that is a true classic, in the eyes of all who have read it.

If you have not read it, do so – it will bring a smile to your face, and give you trading insights you will remember forever.

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