Why you want to read this book
It should improve your financial
health substantially. I can promise you that reading this book can make you a
better investor no matter you are a beginner or a fund manager. There are about
a million investment books. Why we need another one?
·
This book (the Kindle version) has over 800
pages (6*9) and is about the size of 3
books. It covers most topics in investing.
·
I select proven ideas from more than 100 books
besides my own original ideas and experiences. I skip many good ideas that are
not applicable to the current market. It is not a novel or documenting the
story of my life.
·
Among many, the following successful predictions
with valid arguments can be verified by clicking the links.
·
Recommended Apple at $55.72 (1-7 split adjusted)
in April 19, 2013 as the only example in my book Scoring Stocks and I recommended
to sell it at $132 on 2/2015 with valid arguments described in this link.
·
Could be the top-performed article
in Seeking Alpha, an investing site, for recommending more than 5 stocks in a
year from its published date. So far, no one challenges me.
·
Successfully predicted a sideway
market in 2015.
·
Successfully detected the recovery in 2009 and it was my best year in
with about 80% return.
·
With valid reasons, recommended to dump Buffett’s
funds 3 years ago to prevent today’s (1/2016) mediocre returns.
·
A best seller was written by a young writer
whose main income was from his books and none from his investing. His book is
good for beginners or you want to brush up your English. Most of my incomes are
from investing. Check out my success
stories.
·
Many popular books claiming the authors making
millions. However, usually their techniques are hard to follow. Many admitted
they had been bankrupted many times. Hence, their chance of bankrupting again
is very high. Is bankruptcy fine with you? I cannot afford bankruptcy past, present
and future. My techniques minimize risking my money.
·
There are many popular books and famous
investors. They worked very well at one time and folks making millions
following the advices. However, look at their recent performances of the last
five years. Most of them cannot even beat the S&P 500 index.
·
The average performance of the hedge fund is terrible. You cannot depend on others
to invest for you. If you do not have time and the desire to learn investing,
just follow my simple market timing technique without charts and trade an ETF
that stimulates the market.
·
One book describes ROE as the only theme (with
the story of the life of the author to fill up the book). It is only one
fundamental metric in my book and it takes up several small paragraphs and I
dedicate an entire chapter on the often- misused P/E. Many of these books are
easy to read but offer you NOTHING in investing.
·
Another best seller told you to exit the market
in 2009 missing all the gains since then to 2015. The credentials and degrees
are nothing but the actual performances.
My motivation to write this book
I would like to share my
experiences, both good and bad. I use simple-to-follow techniques using the
free (or low-cost) resources available to us. I have been successful in
investing for decades. I am enjoying a comfortable financial life. I do not
hold back my ‘secrets’ as my children are not interested in investing. It is my
small legacy in sharing my investing ideas. When you read this book, you’re
taking a chance of an unknown author. I try my best to make your effort and
time worthwhile.
If you are looking how to make
100% return overnight, there are many other books claiming to do so and this
book is not for you.
This book describes how to be a
‘turtle’ investor making fortune gradually and surely. Before you begin, define
your objective first.
My steps to trade
stocks (ETFs are far simpler)
1. Search
for valued stocks (many strategies to choose from).
2. Evaluate
the screened stocks by:
a. Fundamental
Analysis.
b. Intangible
Analysis.
c. Qualitative
Analysis.
d. Technical
Analysis.
3. Sell
stocks. Perform the same as in Step #2 to determine whether you need to sell
the stocks you own or keep them for another 6 months.
As everything in life, there is
no guarantee that this book will make you a lot of money. However, the chance
of success will be substantially improved especially when you practice on most
of the ideas presented in this book. Start with paper testing first.
Click the link for the articles I wrote for SeekingAlpha.com,
a site for investors (http://seekingalpha.com/author/tony-pow/articles).
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