Book Description

The True Life Story and Time-Tested Strategies of the World’s Greatest Trader

"Excellent read! Captures the spirit and times of Jesse Livermore, legendary trader. The book tracks two major market crashes, love affairs, the shooting of Jesse Jr. by his mother, and two family suicides. . . . Never a dull moment." –Ace Greenberg, Chairman, Bear Stearns

"Terrific. I started reading it when we took off from Seoul’s Kimbo Airport on my way to Germany. By the time we reached Novosibirsk, Russia . . . I had finished it. I just couldn’t put it down! Not only is it a great lesson in investing and trading, it’s a fascinating psychological study of what makes a great speculator tick.The rise and fall of a great speculator as well as the rise and fall of his family is great reading. The fact that it is based on interviews with Livermore’s survivors and witnesses to the events makes it even more interesting. Great writing."–Mark Mobius, Managing Director, Templeton Asset Management

"As one of the most shrewd traders of all time, Jesse Livermore demonstrated how important discipline is when trading the market. Smitten . . . covers how Livermore created his rules . . . also reviews the lessons Livermore learned along the way to develop his strategies."–William J. O’Neil, Publisher, Investor’s Business Daily

"A stock market classic! Most entertaining and informative book on the market that I have had the privilege to read in the last twenty years. A must-read for students of the stock market–great even for those who have no knowledge of the market. Grabs you from the start and holds you enthralled from cover to cover. Great book!"–Dan Sullivan, Publisher, The Chartist, Fund Manager, and Investment Advisor

"After reading Smitten’s magnificent biography, two Japanese proverbs came to mind: ‘Fortune favors the bold’ and ‘Darkness lies one inch ahead.’ Smitten shows how fortune and darkness were integral parts of Livermore’s life . . . has the intrigue of a mystery novel and the lessons of a trading master. What more can one ask for?I eagerly recommend this book to anyone interested in history, the markets, and trading psychology."–Steve Nison, author of Japanese Candlestick Charting ... Read more

Reviews (12)

How to make, lose, make, lose, make, and lose vast fortunes.
While Livermore started out with nothing and died more or less bankrupt, his career in-between was genuinely meteoric. The man could turn a few thousand into a million within months, then lose it all in a couple of hours. Shows how much you can succeed (and fail) if you really put your mind to it.

This book is a worthy companion to Edwin Lefevre's barely-fictional biographical novel REMINISCENCES OF A STOCK OPERATOR. The first 180 pages or so of this one closely mirror the story in REMINISCENCES, giving real-life names to people and places, and disgorging more details on Livermore's non-trading life. It goes on from there to discuss his staggering 100-million dollar win during the Great Crash of 1929 (when so many other investors and traders opted for suicide to curtail their losses) and the steady, tragic disintegration of his family life and trading instincts that followed thereafter.

Smitten has produced an entertaining, briskly-moving account of the great trader's life that doesn't require any prior knowledge of the stock market or investing ("speculating" is a better word, as Livermore would put it). Also included are a few chapters on Livermore's trading theories culled from his 1940 book HOW TO TRADE IN STOCKS.

Trading Discipline and EQ
A very engaging real life story of one of the world greatest speculators : the great success of Market Trading (making 100 million during the Great Crash of 1929, while others committed suicides), and the tragedy of himself and family.

While maximum trading disicpline calls for emotionless and cold behavior to observe the unforlding patten and trend of the market, the EQ seems to suffers badly.

His success story in market trading is better appreciated when one has good grounding and experience in Technical Analysis TA(refer my internet tuition class on TA coaching, http://groups.yahoo.com/group/360qBC03/). It seems that Livermore's mind is equivalent to today computer with TA software of charts, patterns and trends, and having the highest disicpline in objectivity he turned thousand dollars into millions.

For those who want to be successful and skillful investors, read the book and follows some of his discipline, while maintain you EQ.

QuaSyLaTic, Andrew

http://www.360q.com

It's a biography, but also a great trading secrets book
People who don't understand TA, have no concept of what this excellently written book is saying. I derived over 12 pages of trading notes. Yes, it's an biography on JL who was a classic manic depressive and desperately needed to take Prozac. If he lived through this market crash, he would have been richer than Gates and Buffet put together, and a whole lot happier.
Read in to this book and you will derive the secret to market success.

Very poorly written
Sorry for giving only 1 star: although the life story Livermore has been communicated to the reader, this book has been just too poorly written. I have never read a book so poorly written. The author simply gather all the raw materials together with little organization, and NO literary kill whatsoever. Worse, apparently the author did not proof read his manuscript, nor did an editor. It would be desirable for the author to collaborate with a true writer in writing this book. It is a shame, and the author even claimed in the preface that he knows about Jessie Livermore than anyone else: too bad that someone who knows him more than anyone else can't write a biography of him of even average quality. Just a couple example to let you have a flavor of this book: after quoting in more than one places that Livermore's wife called him "Laurie", in a much later part the author suddenly thought it necessary to explain that this may be a nickname they used between them. In many a part of the book, there are passages that, after describing someone involved in Livermore's life's event, immediately adding: he/she later became such and such; or, years later he/she would do such and such.

Now regardless the writing of the book, it does give facts, so let's just struggle to read it through and get what we want, the life of Jessie Livermore. All I can say is this: I started with the desire to know about the stock market, I ended with a very sad feeling. What I've found is a very, very sad story; almost everyone involved had a tragic life, a number of them tragic deaths as well. Get psychologically prepared before you read it.

Read Reminiscences of a Stock Operator Instead
I have read "Reminiscences of a Stock Operator" three times now. The more I read it, the more I get out of it.

My main problem with this book is that 3/4 of the content regurgitates the events of "Reminiscences" almost verbatim. The writers approach however is to retell this story through reconstructing dialogue between Jessie (the protagonist) and all the various characters met in Reminiscences. I found this approach extremely irritating - especially since I was familiar enough with the original Reminiscences text to detect where the author had "made up" segments of the conversation using "artistic license to capture the flavor of the original conversations" (authors own admission).

The other 1/4 deals with Jessies private life, which although I found interesting, was plagued by the same "conversation reconstruction" style.

If you have already read reminiscences, and are truly hungry to learn more about Jessies private life and selected exploits after 1923 - then buy this book. If you have not read reminiscences, read it instead - you will learn far more out of the original source. ... Read more

Book Description

Smart, proven investment strategies from a top industry insider. Microcaps-stocks that are valued under $300 million-are viewed by professionals as a very potent market segment. Right now, microcaps are rocketing to greater and greater popularity among professionals and sophisticated individual investors alike. In truth, selecting the right microcaps is a tricky proposition. The challenge is how to sift through the nearly 5,000 microcap stocks on the market today-representing nearly 70% of all listed companies. The answer is Mastering Microcaps, a timely, decisive take on current market trends, proven investment strategies, and winning stock selection techniques-from highly esteemed microcap expert Daniel P. Coker. Written by a true market mover, Mastering Microcaps is the only book to shed light on this key market segment: How microcaps have performed historically; Short- and long-term outlook; How to select microcap stocks; Trading strategies; Appendix packed with microcap resources. Daniel P. Coker is one of the top microcap analysts on Wall Street. He has written numerous articles on microcaps and is a frequently quoted media source. ... Read more

Reviews (3)

Great book!
As an avid investor and market researcher, I found Dan Coker's "Mastering Microcaps" to be the standard on investing in microcap companies. Unfortunately, while other books shed light on small caps, Coker goes the extra mile, producing 200+ pages of data on microcaps and how to select microcaps for possible investment. This is definitely the definitive book on the subject and I continue to enjoy reading Bloomberg Professional Library books.

A must buy for your investment library
This is a fascinating read...the entire Bloomberg series is fantastic but this book and Bloomberg's book on IPOs are great. The book points out valuable readings and web sites to utilize. I would say this book ranks up with the best.

Microcap Stocks Have Been Profitable For This Investor
I have always been interested in low-priced stocks. As a preteen, I used to look at the stock tables in the American Stock Exchange, where I found many low priced stocks, and pretended that I was buying and selling. As I got older I have remained loyal to buying low priced stocks, but only after much investigation. "Mastering Microcaps" teaches strategies that I have used, and many that I plan to use. Another very helpful book that compliments this title that has been valuable is MAKING DOLLARS WITH PENNIES: HOW THE SMALL INVESTOR CAN BEAT THE WIZARDS ON WALL STREET by R. Max Bowser. Both books contain strategies for stock selection, when to buy and when to sell. I recommend "Mastering Microcaps" to everyone who has a love for small companies with great futures. ... Read more

Book Description

Be a savvy investor and make the stock market work for you.

The stock market moves at a dizzying rate, and it can be intimidating for novices to locate the tools necessary to begin making smart investments.Seth Godin's completely updated and revised book, If You're Clueless About the Stock Market is the perfect primer for beginners.

Godin provides the reader with resources and guidelines for topics ranging from assessing your comfortable risk level to finding a broker that best fits your needs.The book's up to date charts, checklists, technology resources, and interactive format are designed to help you make the transition from neophyte to knowledgeable.If You're Clueless About the Stock Market provides a user-friendly way for beginners to take their first steps toward understanding the history of the stock market and the split second changes that affect investments today. ... Read more

Reviews (12)

Investments: Are they for me? Where do I start?
Seth Godin discusses the stock market and other investment instruments in a serious but interesting and fun manner. The book is written for an audience that has little or no understanding of the investment world. Even though the audience has very little experience, the book accomplishes the task of warning you about the high risk of investing while giving you the knowledge and steps to get started. He discusses how to manage the risk but makes the point clear, there is no such thing as a risk free investment in the stock market. The book is resource rich (identifies needed tools and where to get them) and right on time for the year 2000 market place. It addresses the bull and the bear market. It is a easy read and a great introduction to investing. When you complete the book, you will have a basic understanding of the stock market and how to get started. I highly recommend this book to all beginners and people with light experience or knowledge of the investment world.

A great place to start
I think most people who are somewhat clueless to the stock market would benefit from reading this book. What I like is that it is full of easy examples. Even though I have read some books concerning the same issue, this book was helpful to me. He gives you lots of hints, or should I say quotes other investors, in how to be a good investor, i.e CANSLIM , and basics things like beating the Dow. The downside is, however that if you're not from U.S.A, including me, you will find many pages that are not worthy reading, like Internet resources for American companies. This equals a very good book, which is worth every minute.

Easy to understand
If you want to understand how the stock market works get this book. Its written with the assumption that you know little or nothing about finance or how the market works. It include info on income statements and balance sheets. Also, it is written in an entertaining manner so you won't be bored.

Good Beginner
I didn't have a clue about the stock market before I read this book, although I was interested. I picked it up from the library by accident, read it, and now understand a great deal about the stock market. It's easy to read and starts from the beginning, even talking about how Wall Street was named. I took some notes from the book and use it as a reference guide. I highly recommend this book for those who don't (like the title says) have a clue about the stock market.

If you're clueless about the stock market and want to know m
This is the first book I read before buying shares. My advice is don't buy any shares until you have read this book. I did and made 30% in three months. ... Read more

Book Description

Written in response to the stock market crash of the 1970's-and completely updated for today's equally volatile market-this bestselling classic reveals Robert Lichello's revolutionary AIM formula for earning profits in stocks and mutual funds. ... Read more

Reviews (57)

Unbelievable!!
Not one reviewer ever mentioned the concept of historical back testing under many different economic scenarious. I would think it obvious that the way to find out if the formula AIM works is to test it with historical data. Granted that one would need a spreadsheet and formula to do the back testing. My results? I back tested under many different economic conditions using stocks and mutual funds, and Im not impressed. The Lichello AIM did not always do better than the buy-and-hold system and sometimes did worse and sometimes did better.It all depends on starting with the right stock at the right time, but once you have the right stock other systems will also do better. But don't take my word for it, do the back testing yourself before actually investing your hard earned money. About the writing? I loved it, but that does not mean his system will make money for you.

Tried many investing techniques...this one is pretty good
I've been investing in stocks and mutual funds for about 18 years and I think this investment techique is one of the best I've seen.Basically, Mr Lichellos method has you keeping a cash
reserve of either 50% or 33% (new advanced method) and investing the balance in stocks or stock funds. When the market drops you put a portion of your cash from your reserve into the market according to his investment plan percentages..when the market runs up you are selling stock and moving profits into your cash reserve.
I really dont know of anybody who has done very well with the buy and hold style of investing with the bear market of the magnitude we've seen.I personally use this system for my Roth and 401k and really have been pleased with it...Mr. Lichellos methods have allowed me to consistently take my profits as I make them and put them into my reserve for future purchases at lower prices. If your one of those day traders maybe the book isn't for you, but if your looking for a technique that works in any type of market conditions and doesnt require more than
15 minutes per month to monitor then maybe this approach is for you. One more thing, if your not sure, why not try it for 6 months and see if it works for you. You can always go back to your old buy and hold (hope) strategy if you want but I dont think you will...

Most valuable book on my bookshelf
I used A.I.M. and doubled a $5K portfolio within 2-years.

Its a shame more people don't know about this book........
Its a shame about the title, it sounds like a book you'd find
in the Supermarket right next to the TV Guide. (No offense TV guide!). But don't let the title put you off, its a very entertaining and informative book about trading.

There are alot of trading techniques around - Alexander Elder's "Elderay", William Dunningham's "One Way Formula" and so on. The technique Lichello designed is called AIM.
(Automatic Investment Management).

Despite the title of the book, AIM is not a 'get rich quick scheme', its a 'get rich slow scheme'
Its really very simple, obvious, and pure genius.
And it 'will' make you money in the long term, in a bear market, a bull market and especially in a choppy volatile market.

Basically AIM is a system that DOES NOT try to predict the future
or BUY at the TOP, and SELL at the BOTTOM. If the price goes up
relative to your original investment you sell. If it goes down, you buy. (Its tweaked with some basic arithmetic to time when
the buy and sell signals come.)

Unlike other systems, AIM doesn't require to gamble ALL of@your readies.....you only spend 'some' of yourmoney on stocks, and keep the rest in your pocket.

If you read any other book on trading for example by Elder, Turner or Engell, you'll find in the introductory chapter, that you have to read a "library of other books" on trading. Books on the basics, books on fundamental analysis, books on technical analysis. Very dry...YADAYADAYADA.......... NO THANKS!!!!!!!!!!

Lichello's book is self contained, its a read it and do it book, and its very entertaining and FUN to read!!!! Because AIM itself is so simple, there's lots of room in the book for exmaples and stories..you'll enjoy reading it, and find yourself nodding in agreement with some of the truisms about money, work, life and investment..........

You know its only $6, do me a favour and read it! You won't be
disappointed!

Beta-Blocker Dampens Volatility & Returns . . .
Lichello starts out with an anecdotal review of efficient market theory, without mentioning the term, pointing out that "financial breakthrough books are obsolete by the time you read them" because when lots of people start using the system, it quits working.He then claims his book is different without saying why (but I will tell you).

That much is right on.A lot of the book is story telling, which would be harmless except that Lichello mixes in observations that are correct with some that are not.For example, he observes that individual stocks give more volatility than mutual funds.Actually, economists have been surprised to find fund volatility is nearly as high as stocks.Search for and download Cochrane's readable paper "New Facts in Finance" for the antidote to Lichello's mixed bag.Accuracy aside, it's mildly entertaining reading.

Lichello doesn't address how to pick the stocks in your portfolio, just how to manage a fixed sum of money invested in them.The catchy title has no particular basis.You can make a million with a savings account if you are patient, and also with AIM, including the patience.

Lichello's AIM is a method of rebalancing a fixed portfolio (not necessary to add new funds) between an allocation to stock and a cash reserve.Instead of rebalancing all at once annually or semi-annually, AIM uses a differential formula - what amounts to a digital filter - to gradually rebalance when applied monthly.In theory, this should allow AIM to profit from moves other rebalance methods would miss, and to not be fooled by sudden moves that might skew an all at once rebalance method.

Any rebalance method reduces total returns in exchange for lower volatility, by means of the cash reserve.AIM and AIM-HI are no exception.Assuming investment in a stock or fund with an average annual gain of 10.2% with a standard deviation (risk/volatility) of 28.2%, and assuming no transaction costs and no interest on the cash balance (or assuming the interest just covers the transaction costs), AIM reduces the average gain to 5.1% and the risk/volatility to 15%.AIM-HI gets the gain back up to 8%, but risk/volatility also rises to 22.7%.

So it does about the same thing as ordinary asset allocation systems - which are already widely used, therefore the publication of Lichello's book hasn't changed their effectiveness.There are two reasons you might want to use Lichello's method instead of all at once rebalancing.One is for the possible advantage of his clever filter.The other is because this system, by its very obscurity, will leave you less tempted to make manual deviations, which are often ruinous.The reasons you might NOT want to use AIM are high transaction costs, and the current low interest rates on the cash reserve.It works best in times of high interest (it was developed in the 1970's) and with at least $10,000 per security, which limits risk reduction via diversification.

There are better methods of rebalancing which don't require the cash reserve, and thus don't give up returns for the reduced risk, but they are more complex, and for a description of them you'll have to await my own book, currently in progress.

If you enjoyed this review, go to mc1soft.com and drop me a note and I'll send you a copy of the spreadsheet I used to analyze AIM and AIM-HI.Happy investing! ... Read more

Book Description

Praise for EXCHANGE TRADED FUNDS and E-MINI STOCK INDEX FUTURES

"The publishing of Exchange Traded Funds and E-mini Stock Index Futures provides investors, retail and institutional alike, great insight as to the structural advantages and applications of these two innovative investment and trading instruments. The launch of these products continues the trend of democratization of index investing empowering more investors to capitalize on the virtues of indexing. Mr. Lerman’s book is a great reference tool to gain a better understanding of these exciting products."–Nick Lopardo, Vice Chairman, State Street Corporation, and Chairman & CEO, State Street Global Advisors

"This book is a must-read for anyone thinking of investing/trading in Exchange Traded Funds (ETFs) and E-mini stock index futures! Lerman combines excellent research with practical examples to provide a comprehensive analysis of one of the fastest growing products in all of finance."–Jay Baker, Vice President of Exchange Traded Funds Marketing, Spear, Leeds & Kellogg

"David is one of the most powerful communicators in the industry. His succinct style and practical examples make this book a must-read for anyone thinking of investing in ETFs and E-mini stock index futures. Standard & Poor’s is proud to have played a role in the success of these innovative and exciting new products."–Shirley Petersen, Vice President, Global Licensing, Standard & Poor’s Corp.

"Here’s a great guide for those looking to get started in index investing and to learn how

by using Wall Street’s most successful new investment vehicles–exchange traded funds and E-mini stock index futures."–Erin Arvedlund, Staff Writer, Barron’s magazine

"The ownership of index funds is a must for all long-term investors. David Lerman has done a terrific job of explaining everything you need to know in order to take advantage of the broad array of index fund products on the market. He shows just how simple it is to be a participant in funds that routinely outperform nearly every money manager in existence."–Lawrence G. McMillan, author of McMillan on Options and President, McMillan Analysis Corp. ... Read more

Reviews (6)

E-BOOK HAS PROBLEMS
I recently purchased the e-book since I'm located overseas (in Saudi Arabia) and postage is sometimes more than the cost of the books. It also takes in excess of 3 weeks to get mail here from the States. I purchased and downloaded the e-book and was all set to print. I could only print the first 14 pages and then was notified by the Abode print driver that I could not print any more pages that day. After doing some checking I found that permissions were set by the publisher that only allowed printing 35 pages every 7 days - what a rip off!!! By the time I can finally print the last pages we'll be celebrating July 4th 2004 (well maybe not that long). But the idea that printing is being restricted after purchase is outrageous. I have written Amazon to inform them. At the very least the publisher should advise of this practice BEFORE YOUR PURCHASE. I will not purchase any e-books until this practice by Wiley is discontinued.

Outstanding for biginners in ETFs and Emini futures
This is a well written book and easy to read about the history of ETFs and Emini futures. The author describes the creation of the likes of SPY, QQQ, SMH. Why is it important to know about these instruments, how they get created, who manages them, their cost effective investing over regular mutual funds. He goes in great detail by listing all EFTs available today with their tickers as well, till the point I don't need to keep going to the internet. I started trading the EFTs for profit and for hedging in particular after reading this book. The introduction about the Emini futures is useful and gave me a good start in this subject.

good book for beginner
good book for beginner who wants to know about ETFs (like me). helped me in reviewing my holdings.

satish paul

Excellent Read
I happened to pick up this wonderful book while in Chicago recently. In browsing through the introductory pages, I smiled at the references to both Warren Buffett and Jack Bogle. Now here, I thought, is someone who "gets it". Buy this book and read it. It is worth every penny. Amidst today's cacaphony of financial marketing, Lerman's voice emerges from these pages with refreshing honesty, simplicity, and reason.
Those trying to educate themselves in the area of personal finance and investment should read this book carefully. For conservative investors as well as for those inclined to a bit of speculation on occasion, this book is very well written and informative.
Following up on the themes that, in the long run (emphasis), economic fundamentals drive returns; that larger, well-established, actively traded markets are, over time (emphasis), highly efficient; and that costs matter greatly when assessing net performance over extended periods; Lerman does an excellent job of explaining the rapidly developing role of ultra low-cost, exchange traded funds (ETFs) as part of any core indexing program. At the same time, he carefully exposes the many hidden (and, unfortunately, rising) costs lurking in most mutual funds today.
Still, Lerman wisely acknowledges, in the short term things can and do happen. While over long periods of time certain markets may be extremely efficient, the difference between that and what may happen in the near term is, as Buffett points out, the difference between day and night. After all, we are inescapably human, and fear and greed will never be completely expunged from our collective psyche. Sudden, unexpected events can result in major market and/or sector security specific swings, and it is during those times that patient investors as well as prudent speculators can occasionally reap outsized returns. Here again, ETFs (as well as the related E-Mini Stock Index Futures for more enterprising individuals) can help.
In short, by building a long-term, broadly-based core portfolio around low-cost ETFs and perhaps a few well-chosen securities and/or money managers (particularly in less efficient markets), and by then (for the enterprising investor) complementing such a portfolio with the occasional, more speculative foray, whether by utilizing ETFs, E-Mini Stock Index Futures, or other means, an intelligent individual should be able to navigate successfully today's choppy financial waters.

An introduction for beginners
If you are new to the world of ETF's and E-Mini index futures, this book will shed much light on these instruments. If, however, you are a trading veteran with knowledge of these markets, you have no need for this book as it simply introduces the instruments in basic format and details. ... Read more

Book Description

The Guide for Penny Stock Investing is a book dedicated to the experienced and novice investor who wants to invest in penny stocks. The book offers the investment and trading strategies used by the author and other experienced penny stock traders. The book uncovers the rules that investors and traders need to learn before they can hope to capitalize on the opportunities offered by penny stocks. And since the book is written as a practical educational manual you will have the opportunity to learn concrete investment and trading strategies. You will be given real life examples explaining and supporting the various strategies in this useful book. You will read about stocks that delivered returns of over 1000% in less than a year. You will be given forward-looking strategies to help you find stocks with the potential to increase upwards of 500% in a given period.

Penny stock investing by nature has the potential to produce outstanding returns for those who take the time to study and practice. This book contains all the information you will need to succeed in one of the most challenging and rewarding fields in the investment arena. ... Read more

Reviews (29)

Works even in a slow market
Valuable information that works even in a slow market. Lists web sites that provide great research tools that can be used to find the right penny stocks. At the end of the book the author provides strategies that are easy to follow. My only gripe is that the author does not write more about Canadian shorting. My favorite strategy of the book is the one where the author discusses how to buy a penny stock before the market closes and sell it the next morining for a quick profit.

Woefully Lacking
This is one of the most poorly written books I have ever read. It is full of grammatical, syntactical and spelling errors (for example, "a lot" is spelled as "allot" throughout the book). As far as the subject matter goes, it does an injustice to the word "investing." It would have been better to label it speculating or gambling. Even the late Al Frank, who based his stock buying on fundamental value, insisted on referring to the stock market as speculating. In any case, this book suffers from a classic case of confusing brains with a bull market. From 1995-2000, anyone could have "succeeded" in the stock market regardless of what market capitalization one decided to "play." Neither this book, nor most others on the subject, are particularly useful in knowing how best to "invest" in penny stocks over the long run.

Will you discover the next Microsoft?
While we would all love to discover the next Microsoft, what the Guide does, is put forward the research tools and guidelines that can enable an investor to focus in on the thousands of small companies and sift through the most promising ones so that the investor can make the best possible choice.

Otherwise investing in penny stocks is like playing darts. You might get lucky once or twice, but the house will win in the long run.

If on the other hand, as an investor you do have a set of guidelines to use you have a much better chance of making an educated guess that can help you determine which penny stock companies have the best chance of growing into large established companies.

Since the Guide focuses on company based and financial research it is ideal for investors who are looking to be able to fully evaluate the penny stocks they are considering investing in.

A difficult Read
This book is very hard to read. There are so many gramatical and spelling errors that you have to read sentences over and over again to figure out what the author is trying to say. I probably won`t finish it out of frustration. I wish I could get my money back. Here`s another book that`s on its way to EBAY!!

Elaborate Trading Strategies
The Guide For Penny Stock Investing provides elaborate trading strategies that work in strong and slow markets. As a day trader, I know that it is possible to make money in both bull and bear markets as long as their is volume and price movement. The same is true for the penny stock market. As long as there is movement caused by news, there will be plenty of money to be made in penny stocks.
Research and the ability to properly apply that research is instrumental to making money with penny stocks, something that this book clearly helps with. ... Read more

Book Description

Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager—perhaps the most recognized and respected name in the field—demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book's numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager's invaluable trading rules and market observations culled from years of real-world trading experience, Getting Started in Technical Analysis offers in-depth coverage of:

• Types of charts—bar, close-only, point-and-figure, candlestick.
• Chart patterns—one-day, continuation, top and bottom formations, the importance of failed signals.
• Trading systems—trend-following, counter-trend, pattern recognition.
• Charting and analysis software—price data issues, time frame/trading style considerations, software research.
• he planned trading approach—trading philosophy, choosing markets, risk control strategies, establishing a trading routine. ... Read more

  Reviews (20)

  A Complete Insight Into Getting Started in Tech. Analysis
  Getting Started in Technical Analysis provides a fantastic overview to the world of technical analysis, with topics ranging from the age-old fundamental vs. technical debate to outlining of trading guidelines. Written in an easy-to-understand style, the book is also easy on the eyes (which cannot be said of many financial books).

  Schwager uses the first seven chapters to define many of the technical factors that novice traders should know before they can trade in today's active market. Part One illustrates a wide range of basic technical-analysis tools and how they are (or should be) used. Chart patterns, oscillators, trends and the like are explained concisely with easy-to-follow sample charts. The reader can quickly absorb these basic ideas before moving on to Part Two.

  In Part Two, the reader gets his/her first taste of the "how" of technical analysis. The author delves into topics like pyramiding, stop-loss points and exit signs. This is also the part where the author's "Most Important Rule in Chart Analysis" is laid out. Part Two can easily make a reader anxious to start (or get back to) trading.

  The third section of Getting Started in Technical Analysis approaches trading systems and software. The author describes the most pertinent options that a trading software package should contain, leaving the legwork to the reader. In the discussion of trading systems, there is no magic formula here, simply guidance to develop and test a trading system of one's own.

  Part Four is vital to the trader...novice or otherwise. The author (who is CEO of Wizard Trading) offers practical trading rules and market wisdom.

  Getting Started in Technical Analysis is an excellent source of information for the soon-to-be, novice, or expert trader. This book should have a reserved shelf space in every trader's library.

  Crucial for beginners
  This book is dense with information and cannot be approached lightly. I read "New Market Wizards" in one week but this book took two months. As usual, the effort expended is proportional to the benefit received. In particular, the chapter on "Real Life Chart Analysis" is worth the price, and should be three times longer. There, Mr. Schwager shares two dozen of his own real-life trades, accompanied by the charts and technical analysis he used at the time. The reader is given the opportunity to personally apply the techniques learned from the book to second-guess the author. Only on flip pages are the actual trade results shown, annotated with ruminations on what, if anything, should have been done differently. Examples of both successful and unsuccessful trades are given. Approximately half of the book explains technical analysis, and the other half explains basic trading techniques such as money management, system testing, and the psychological (emotional) pitfalls to avoid. In my humble opinion, no one should trade until understanding the principles presented here. My one criticism is that the book would be easier to follow if the charts were on the same page as their related commentary, but it is only fair to mention that most technical analysis books suffer the same shortcoming. Overall it does a decent job presenting crucially important information for beginners.

  Terrible Book Layout
  Jack Schwager's book has good content. He knows what he is talking about. This book has a terrible physical layout and printing format. It is noticeably a bad layout. I've read dozens of investing and trading books found on Amazon, but this one stands out as a really bad printing job.

  The book is a paperback book, which is just fine. The text of the book is printed in a screened-back light blue text. It takes very bright light to be able to see the text on the page. Forget about reading the book unless you are in bright sunlight or have a very bright light.

  Throughout the book, the illustrations are one or more pages ahead of the text. It is good to have illustrations and charts, but they should be closer to the text.

  Again, the content is good, but the layout and format are terrible.

  Excellent beginner's book
  I'm familiar with Schwager from his two Market Wizards books, in which he interviewed and profiled many of the great traders of our times, such as Paul Tudor Jones, the great futures and swing trader. So when I saw this I decided to check it out.

  I would recommend this as a good beginner's book. Read this before you undertake Martin Pring's book on technical analysis, for example, as his exhaustive analysis of chart patterns will be too dense and forbidding if you're just starting out. Schwager strikes a good balance between getting the concept across and inundating the beginner with too many details. Most technical analysis methods aren't that hard to understand, even the ones based on more sophisticated math; it's the application to the real-world charts that takes some skill and experience.

  For me the best chapter was the 82 Rules of Trading, which contains 82 short statements about trading principles, including such classics as never selling a stock that is making new highs (probably as close to an "absolute" principle as there is in the markets). This chapter may be most useful to someone with more trading experience in the market who's experienced what happens when you violate these principles, but they're there anyway, and it won't hurt you to get exposed to them right off. Overall, a well written, clear, and concise introduction on this aspect of trading.

  Great Primer
  This is the kind of book that you should keep as a constant reference. With many trading computer programs that will do all of your technical analysis for you. It is good to know the why and wherefores behind the concepts that you are using. This is the Sixth book that I have read by Schwager and I am thoroughly impressed. Many of his books tend to be steeped in high level mathematics and difficult to grasp exactly what point he is trying to make. In this book, there was no such problem. The only part he leaves out is that the Technical Analysis is nothing without discipline. His book ... will give you a well rounded trading experience. I own this book as a reference and so should you. ... Read more

Book Description

A PROVEN INVESTMENT STRATEGY FROM A PROVEN WINNER

"Buffett is much praised, but seldom replicated. Now with Warren Boroson’s J.K. Lasser’s Pick Stocks Like Warren Buffett investors have a template for both identifying fund managers who pick stocks like the master and for improving their own techniques for identifying great stock market values."–Don Phillips, Managing Director, Morningstar, Inc.

Warren Buffett’s investment strategy of buying and holding good stocks at good prices has proved profitable for thousands of investors. Now, with J.K. Lasser’s Pick Stocks Like Warren Buffett you will learn how to use Buffett’s proven techniques to find and research value stocks just like the master. You will also meet several top mutual fund managers who subscribe to the Buffett philosophy and have become experts in their own right. Take the advice of Buffett to successfully invest on your own or let the value investment experts do it for you.

Critical coverage will help you:

• Understand and use the value investment strategies behind Buffett’s phenomenally successful stock-picking career
• Identify the strategies of other value investors such as Martin J. Whitman of Third Avenue Funds, Christopher Browne of Tweedy, Browne Co., and many others
• Set Buffett-like criteria when looking to buy value stocks

J.K. Lasser–Practical Guides for All Your Financial Needs
Please visit our Web site at www.jklasser.com ... Read more

Reviews (2)

Good sense with good humor
This is the best book yet for small investors. Warren Boroson's previous advice made it possible for me to take early retirement. Now, he takes us hand-in-hand with the "big guys" and shows us the paths to take and to avoid through today's volatile market. Good sense with good humor. A "must read."

Stock Picking Made Easy
I just started investing seriously a couple of years ago, and am still learning. Mr. Boroson's book was invaluable to me. It contained a lot of concise, well-thought-out advice that was immediately relevent to today's uncertain investment climate. Most books about investing I've read are either too simple, or so complicated that you need to be Warren Buffet himself to understand them. I liked Mr. Boroson's book because it helped me think through decisions more clearly without trying to impress me with a lot of complicated terms and ideas that won't help me build a winning portfolio. I'm already putting some of Mr. Boroson's strategies to work! ... Read more

Book Description

A time-tested approach to selecting quality stocks. Fundamental Analysis provides investors with the tools and methods essential to successful investing. In a logical, step-by-step manner, author John Ritchie shows readers how to interpret company performance to determine whether a particular company's stock is undervalued or overvalued. Time-tested and supported by meticulous research, the methods outlined in this book will enable readers to build a stock portfolio that provides superior growth over a long period of time. For any investor who wants a logical and proven approach to investing, Fundamental Analysis will provide enduring value. Specific topics include: Principles of investing; Security analysis: the cornerstone of fundamental analysis; Understanding and evaluation financial statements; Earnings per share and cash flow analysis; Stock valuation. ... Read more

Book Description

Day trading is Wall Street’s hottest trend and, in The Compleat Guide to Day Trading Stocks, famed futures trader and author Jake Bernstein turns his attention, knowledge, and experience to the exciting world of stock trading. Bernstein covers timing systems, trend following systems, breakout systems, and more—all illustrated with chart examples based on intra-day time frames, and supported by results from his meticulous, historically accurate back testing.

Basic enough for novice traders—yet with enough detail for the most demanding market veterans—Bernstein’s book gives day traders the tools they need to succeed in this fast-paced, relentless market. Special attention is given to:
• Day trading the technology sector
• Risk management and diversification
• Little-known nuances of order placement Jake Bernstein (Northbrook, IL) publishes MBH Weekly, a newsletter covering the commodities and futures markets. Author of The Compleat Day Trader and Strategies for the Electronic Futures Trader, Bernstein is a popular speaker at trading seminars and regularly appears on radio and television. ... Read more

Reviews (11)

For those willing to work at day trading.
This is an excellent book. I would recommend this book to anyone who is willing to work at day trading. This isn't a book that promises riches in a few easy steps. At the start of the book, the author writes: "If you seek success as a day trader, you'll have to make your money the good old-fashioned way: you'll have to do some work."

In addition to doing a good job of providing an overview of several technical indicators (including lists of the PROS and CONS of each one), the author devotes several chapters to detailed explanations of various approaches.

He also provides information on (the indispensable idea of) system development, practical considerations of day trading, and the psychology of day trading.

Again, to anyone who is serious about day trading, I would HIGHLY recommend this book.

Clear as a Bell
This is an excellent work. As one who is considering a career change to day trading and has read many books on the subject, I can attest to the fact that this book, unlike most of the others, is a cogent, scientific study of short-term trading. Mr. Bernstein illustrates precise trading systems, with entry, exit and stop-loss indicators, and sets forth the results of his backtesting, all in a clear and very readable style. I highly recommend it.

Fuzzy Math
Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the "gap" method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading "fluff" does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.

Disappointed! Too simple, sometimes naive
This is the second Jake book I had read up till now. The first one is "Investment Quotient" which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It's just that the content and quality of this so named guide just cannot be described as compleat.

In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game.

I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.

So simple, so good...
Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals.
Great buy! ... Read more

Book Description

The book examines the principles underlying market momentum and discusses the advantages and disadvantages of various oscillators used to measure momentum. Written by one of the world's foremost technical analysts, the book breaks new ground in its in-depth discussion of stochastics, relative strength and the very popular MACD indicator. Pring's unique KST system combines oscillators and time cycles to produce very reliable trading signals. Topics include: Interpretation of momentum indicators; Characteristics of overbought and oversold markets; Trends analysis using momentum indicators; pros and cons of all major oscillators; How to use Wilder's directional movement system. ... Read more

Reviews (8)

I actually need another copy I've used this so much...
Readers of reviews on financial books need to be careful. For every 100 people who speculate in the financial markets, less than 10 are successful. People often have psychological blindspots that prevent them from noticing profitable info when they see it. I'm convinced that blindspot applies not only to the market, but books about profiting in the market.

Despite my skepticism, I had decided to study technical analysis after reading Larry McMillian's advice in Options as a Strategic Investment. Pring's book on Momentum was one of my first purchases. Combined with observation of market action using my TC2000 software, I'd say it is one of my best purchases. And that was over 4 years ago.

This isn't easy reading. It requires you to--THINK! Imagine that! Those who are looking for wealth through trading and investing expect the process to be easy. When they discover it isn't, they blame authors for writing accuarte, but difficult books, rather than changing their ideas about profiting from the market.

Other books cover momentum indicators in brief detail, but
Pring devotes significant space to principles of momentum interpretation, as well as how different indicators are constructed. Of crucial importance is the pros and cons of the construction of various indicators: Momentum or Rate of Change vs RSI, MACD vs Stochastics. After reading this, you will learn which indicators complement each other, and which ones are simply different variations of the same idea.

Unfortunately, as Pring instructs, interpreting momentum indicators requires practice as well as judgement. Knowing how to interpret momentum doesn't mean you can trade eaily. There is much more to trading than understanding momentum indicators.

Read this book, THINK about the logic of the indicators, then observe the market action using what you have learned. In due time, you will use the ideas in this book to develop your own indicators, improving on the ideas in this book to suit your own style.

Heavy Explanation of Oscillators
If you want an elpanation of how various oscillators are calculated and applied this is a good resource for active traders. The book contains some solid explanations of how to interpret divergences between an underlying security and oscillators. Additionally, several good points made for traders and investors.

Why three stars? Mr Pring's book was a very heavy dry read. There was very little comment on how he might have approaced these trades, or if he took them at all. There was a lot of reference to other people's work. Which is fine, but I look for two things in an investment book. The first is ideas that can help me be a better investor/trader, but the second is enjoyment.
Something like The Visual Investor (John Murphy) is just much more practical for all but die hard TA students.

Superb book on Momentum
You will find the KST formula in Chapter 7 on page 159. This is not a book on day trading. It is a book on momentum. It can be applied to all time frames like daily, weekly, and monthly. For day trading, you need to read a lot more books on day trading to prepare for that task. The KST is a superb indicator. It allows you to zero in on the maintrend. You know the addage, the trend is your frend. KST will show you if the trend is your frend before you put on your trade. Most traders who lose money trade against the main trend. With KST, you can make sure you are trading with the trend.

Mr. Pring does a superb job in a layman language as to how to interpret and use momentum. No other author does as a good job and most books will mislead you and cost you big losses as a result. Martin has it all when it comes to momentum!!

Momentum applied to daytrading terrible
I recently purchased this book to strengthen my momentum skills. Being somewhat new to TA, it is has came easy having a extensive computer background. I found Prings explanation on oscillators complete but lacks application to daytrading/investing. I met him at a recent show asking him pertinent questions as they apply to the market and trading and he replied...."I need to buy another book". This book is good on how oscillators are made....NOT HOW THEY ARE USED.

Gives more insight into popular indicators.
Talks a great deal about the "KST System". Could not find any material showing how to calculate it. However the book includes detailed calculations for Stochastics, MACD, ROI etc.etc all of which is readily available without this book. All I could find was a table which the book keeps referring to as the "KST FORMULA", and can in no way help creating this indicator!!! ... Read more

Book Description

In "Forecasting Financial Markets", Tony Plummer provides a compelling insight into the psychology of trading behavior and shows how the herd instinct in decision-making can have disastrous results. The ability to make money in markets depends critically on an individual's ability to make decisions independently of the crowd. To attain such independence the investor or trader must acquire the ability to:

Understand the forces at work in logical terms;

Recognize -- and neutralize -- their own emotional responses to market fluctuations;

Design an investment process or trading system that generates objective 'buy' and 'sell' signals.

The book explores these three dimensions to successful trading in detail.

This fourth edition of "Forecasting Financial Markets" has been completely updated to take into account the author's latest research into cycles and the implications cyclical patterns and rhythms have on economic and financial market behavior.

New chapters included deal with:

* The phenomenon of cycles;

* The threefold nature of cycles;

* Economic cycles;

* Recurrence in economic and financial activity;

* Forecasting with cycles;

* Finding cycles. ... Read more

Reviews (1)

Awesome technical analysis book
Many technical analysts like to forget that they live in the real world. Technical analysis is based on the idea that the patterns drawn by stock prices can be used to forecast the financial markets. The field of behavioral finance essentially looks at this psychological give and take from an academic perspective, while technical analysis is largely a real life application. Tony Plummer brilliantly bridges this gap by showing how and why these patterns develop. He also discusses his own take on Elliott Wave Theory in a cogent and interesting manner. (Disclosure: This reviewer wrote "Applying Elliott Wave Theory Profitably" and Mr. Plummer wrote the foreword to the book.) ... Read more

Book Description

From the world's most respected financial information service, a powerhouse of critical financial information

McGraw-Hill proudly introduces the Standard & Poor's Stock Sector Guides, a new series of guides offering investors comprehensive coverage of all major stocks in today's hottest industry sectors, including:

• Finance
• Technology
• Health Care, Pharmaceutical, and Biotechnology
• Energy
• Communication and Telecom

These new guides offer investors instant access to the high-quality information and analysis previously available only to S&P subscribers. Each guide includes exclusive stock reports for the 150 top-rated companies in each industry in a sector. Each report features:

• S&P's ratings and recommendations
• A summary of business activities
• A report on sales history and recent developments
• Three-year price charts
• Key income and balance sheet statistics
• And more

Guides also include analyses of each sector as a whole and exclusive advice on how to evaluate stocks for the various industries in each sector.

Reviews (6)

If You Are Serious About Improving Your Trading...
I trade equities full-time and bought the book to help understand and resolve a tendancy to micromanage my trades. I know many successful professional traders and have met very few who are totally satisfied with their trading performance on a consistent basis. Even the best traders can use an occasional tune-up or can benefit from learning strategies to waste less energy and become more decisive and resilient.

This book was the best book on trader psychology I have come across to date, but I can understand why some people do not relate to it. First, one needs to have a strong motivation to work through the exercises and meditations; this usually means a reader needs a specific aspect of trading s/he wants to address. Next, a reader will need to be open to the possibility that his/her mind, beliefs and attitudes will play the biggest part in trading success. There are thousands of ways to make money in the markets, and anyone with normal intelligence can learn the mechanics of trading and improve his/her trading with practice, but few have the psychological balance (persistence, resilience, confidence, discipline, and humility) to succeed. This book is about taking a really close look at our needs, beliefs, and motivations and resolving the subtle issues that stand in our way. If this is of interest and motivates you to buy the book, you will find your money and time well spent.

Ok
Another psycho analysis book on trading, this one is actually applicable to non trading psychology. I especially liked the chapter on "Emotions", as many of it made sense to me and could possibly be applicable. However, the book is nothing special otherwise.

belongs in the self help section
I bought this book mainly because of the glowing reviews, and was mostly disappointed. This is an ok book if you are new to the game and have not come across the standard wisdom presented, but if you have been around the block once or twice there is not much here of interest. I have read some of the better trading books in my library five times over (and still go back to some of them), while this book was knocked out in a few hours on a lazy weekend afternoon and I haven't gone back to it since. Two traders are interviewed in on-off style throughout the book, Linda Raschke and some no-name guy who we are assured is a great trader, and both of them come off as flat, with nothing new to say. The interviews provided about as much unique insight and content as the locker room commentary given by professional athletes after the game.

There are a lot of generalities in this book. The concepts and ideas are true and applicable, but they are very common. If the psychological guidance in a book on trading can be applied equally to any other endeavor that requires skill and concentration (making you a better rock climber, chess player, yachtsman, etc.) then it is likely not the most valuable information. There are lots of imagination exercises, blank spaces and places to fill in your goals, talk about your dreams and motivations, etc.- but how is this different from a self help book or motivational seminar, and what does this have to do with the business of making money in the markets? If trading was really just 90% motivation and positive psychology, then Tony Robbins could start a hedge fund and clean up. That just ain't the way it is. You can be the most motivated, psychologically integrated and enthusiastic person on the planet, with infinite patience and humility....but if your method sucks, then you are still going to lose, lose, LOSE....and you may be forced to earn a living from the markets indirectly by writing motivational books on trading.

There isn't anything wrong with this book. The observations are reasonable and the self-help exercises may be of use to some. There are also useful tips on arranging your trading office, determining the height of your computer screen, and even an outline of feng shui principles (I kid you not). But for real substance one could do better.

An edge, sound money management... ...and this book!
We all know the elements of successful trading. Some kind of Edge, sound Money Management principles and a disciplined, flexible Mind. The subject of trading psychology is perhaps the most neglected part of this master plan.

Van Tharp, Mark Douglas, Adrienne Toghraie and Carl-Gustav Gyllenram all have some interesting and highly educational books (and courses) dealing with this subject. However, I rank this as the best book on trading psychology I have come across.

In my work as a stock broker, I encounter winning and losing traders all the time. My experience is that most customers lose, on balance. It is an undisputed fact that losing traders have strikingly similar attributes. In general the losers remain losers because of the following facts:

1. They lack the necessary knowledge. 2. They fail to admit when they are wrong, ie they don't use stop-losses. 3. They overtrade. 4. They have no mental discipline.

This book does not provide the reader with any useful information whatsoever regarding indicators, trading systems or elaborate theories regarding the markets. Rather, it provides some highly informative, thought-provoking pages about your biggest enemy in the market... ...yourself.

I do not recommend that you read this book. Rather, I recommend that you work your way through it with an open mind. Digest it as you search your soul for those unpleasant truths about your trading, your life, and yourself.

I promise you that it will be one of the most profitable learning experiences that you will ever find...

THE BEST BOOK EVER WRITTEN ON MARKET PSYCHOLOGY
This book is a real masterpiece. Infact, it is really a course of instruction as it isl so challenging, even containing blank spaces to put your own answers. Readers can really find that they have discovered a 'treat' on how to shape their mental attitude towards becomeing a winning trader in the very stressful futures market. Words are not enough to describe this boo. If you want to improve your trading, but it! ... Read more

Book Description

Whether you want to join an existing investment club or start a club from scratch with your friends, family, and co-workers; whether your club meets in your living room or on the Internet, Investment Clubs for Dummies will show you how to reap the rewards of being a member of an investment club. It doesn’t matter how old you are—23, 43, or 63—this book will put you on the right path today.

Investment Clubs for Dummies is filled with practical guidelines and advice that explores all aspects of starting, joining, and running an investment club. In addition to showing you how clubs work, this book shares stories about real clubs across the nation—so you can see firsthand how rewarding and how fun investment club membership can be. Investment Clubs for Dummies will also help you:

• Decided which investment club is right for you
• Realize the work that’s involved if you want your club to be a success
• Address all the financial and legal issues of starting your own investment club
• Keep meetings well organized and running smoothly
• Create strategies for making your club’s educational efforts a top priority
• Deal with the process of investing within the framework of an investment club—from how to pick stocks to building and managing a successful portfolio

Reviews (4)

Clear, concise and compelling
I just got through reading a number of books on investing. I had heard of the investment club movement. I did not know much about them. This book is a gem.
True to the series, it does have a gentle learning slope; there is nothing overwhelming, no challenging concepts. But it does break down the process of starting and running a club into clear, manageable pieces. I now want to start a club!
The investment philosophy is compelling. I would certainly encourage anyone interested in starting an investment club to read this book.

Investment Clubs for Dummies: Clear, Thorough, Enjoyable
This book answered all of the questions I had about investment clubs. Written in a casual, easily accessible way, this book gave precise and detailed information about founding or finding a club.
In the book, you'll learn about what work is actually involved with club membership; tips on assembling a group of committed people to be in a club with (plus tips on how to deal with troublesome member issues); and how to find and use investment and investment club resources to learn more about investing and to help keep your club running smoothly.
Whether you are simply interested in what investment clubs are and how they work, or you are serious about starting or joining an investment club, this book is a clearly written and fun way to learn about clubs. By going through each step of starting or becoming involved with an investment club, by dissecting the language of the legal documents your club must maintain, and by providing examples of actual investment clubs, this book covers it all, and will be an invaluable resource for the life of your club.

Investment Clubs for Dummies
If your looking to start an invesment club - This book is a MUST have! Already have an invesment club - This book is a MUST have! It will prove to be helpful and informative for new and existing clubs. This book along with information provided by the National Association of Investors Corporation (NAIC) will help clubs become successful, long-term