The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses
- ISBN13: 9780071429597
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
FROM THE AUTHOR OF THE BUSINESSWEEK, USA TODAY, AND WALL STREET JOURNAL BUSINESS BESTSELLER HOW TO MAKE MONEY IN STOCKS! Simple-to-follow strategies for making–and keeping–profits in today’s perilous stock market More than 80 million investors lost 50 to 80 percent of their savings in the recent stock market crash. Investor’s Business Daily publisher William J. O’Neil, however, was one of the first to see–and warn investors about–the dangers . . . More >>
Tags: Avoid, Invest, investor, Know, losses, Million, Need, people, Profitably., Successful
June 2nd, 2010 at 9:00 am
I’m a professional investor who has studied every conceivable investment theory imaginable. I use my own research and invest 10% of my portfolio in each position up to a maximum of 10 positions and a minimum of 0 positions (100% cash at times). I do extensive research every January and narrow the field of stocks to 100 – 150 companies. I value them using EPS estimates from I/B/E/S, Book Value Growth, Cash Flow Growth, EPS Growth, ROE, debt, etc (basic Buffett stuff). From this, I set my target buy point and wait. I look to buy stable companies at bargain prices before they resume their upward trend. When one of the 100-150 companies hits my chosen buy price I reexamine EPS estimates, technical, and sentiment data and then invest 10% of my portfolio in the company (must have guts here and EPS estimates help tremendously). I have averaged over 50%/year since 1998 with an average of 52% in money market the entire time. My worst year was 2001 at +41% (had over 60% in cash that year). I’m considering writing a book about my methods if there is enough interest. The point I’m trying to make is that you ABSOLUTELY need to AUTOMATE your investment strategy. Without a doubt, O’Neil can do this for you. For proof, goto www. aaii. com and look in the stock screen section. He is up 700% since Jan 1998. O’Neil has a great system of investing and I think it will work well for those who diligently apply his techniques. I would take it one step further though and apply EPS estimate revision data in addition to the quarterly reported EPS growth hurdles he outlines in the book (for EPS estimates goto Zacks. com, Multex. com, Yahoo finance and look for estimate trends).
Rating: 4 / 5
June 2nd, 2010 at 9:04 am
If you’ve ever read Bill O’Neil’s “How to Make Money in Stocks” you’ve already been exposed to every single bit of information in this book. There really is nothing new, sadly–in fact, this book is more or less just a condensed version of the earlier book, with a few things updated. Since O’Neil claims his method has worked for 50 years and will continue to work forever, though, there really was no need to update.
On the other hand, this book was a decent refresher course for me. Repetition is good, though you could acheive the same result from reading “How to Make Money in Stocks” again. Like that book, this one is more or less a plug for IBD–it explains the premise behind the IBD way of investing but tells you over and over that you won’t be able to apply O’Neil’s precepts without a subscription to the site or the paper. It’s also tiresome that O’Neil thinks his is the ONLY method of investing that works (he even insists that, when choosing a broker, you find one that has attended IBD’s paid workshops and subscribes to their paper).
To really understand the IBD philosophy you must read one of his books. I see no reason why it should be this one, though, and can’t help think this recycled material was just brought to market in order to capitalize on the success of the first book. I really like the IBD way of investing, and use it often, but I would recommend “How to Make Money in Stocks” over this book any day. In fact, if you have that book you don’t even need this one.
Rating: 3 / 5
June 2nd, 2010 at 10:00 am
I find it amusing that some people like to compare people like O’Niel with Warren Buffet. Not only did Buffet start with $7 mil way back then (more like $35-$40MIL) in todays dollars, an amount which only those with rich parents could do, what is Warren Buffet doing to show the average investor how to make money?
O’Niel provides a paper and his newest book that can show anyone how to make money predictable and consistently. Buffet is okay for those who those who already have a wad and can handle missing opportunities (like Buffet missed the technology boom in the 90′s and again since Oct 1992) and are into “buy and hold. ” I don’t know about you, but “buy & hold” didn’t work for me and it certaintly didn’t work for the 80 million who lost over a trillion during the Clinton bear market.
This book is O’Niels best book to date. Use and it profit.
Good luck!
Rating: 5 / 5
June 2nd, 2010 at 11:25 am
I have to agree with the previous reviewer who said that all you really need is IBD along with this book. By contrast, I found the review by an obvious book peddler indicating that he has “averaged 50% gains per year” and “is considering writing a book if there is enough interest” laughable.
Where do you suppose this guy is going to get his information? That’s right. From O’Niels book and IBD! You can do the same yourself.
Be wary of certain reviewers who are trying to peddle books. On the other hand, I highly recommend O’Niels books and IBD.
Rating: 5 / 5
June 2nd, 2010 at 1:14 pm
O’Niel has certaintly pioneered a powerful strategy that works, works all the time and will work for everybody. I bought O’Niels first book, How To Invest in Stocks. This one is similiar but better. It covers the stock market meltdown and for new investors, it may not be too pleasant to realize how much they could have made instead of losing money during the Clinton bear market.
I know a lot of investors who buy IBD but who are lost. This book will make sense out of IBD and show you how to use it.
If nothingelse, I would recommend that you buy just the Monday edition and check out the top 150 stocks. These are selected with IBD proprietary data. Just start there and continue your research.
I have made alot of money playing stock splits and I contend that the real reason was I checked the data from IBD before investing. Not all stocks that split do well. One prominent example is Compaq which split and ne ver returned to it’s normal price. I passed on Compaq based on research in IBD. Thank God for IBD!
O’Niels other book 24 Essential Lessons for Investment success is also excellent. However, if you were to pick just one of O’Niels books, I would go with The Successful Investor. That book along with reading IBD (at least Mondays) will give you the edge to become a successful investor.
Good luck.
Rating: 5 / 5