Nicholas E. Johansen says:

I suspect that most of the good reviews on this site are part of novice investors. After all, that’s what this book is directed. Although it contains much useful information that some of the things mentioned by Mr. Kelly certainly detrimental to a new investor. Let me explain.

First, the good. Kelly did an excellent job of defining various terms of values – everything from the P / E of the beta – and do it in simple language. As a side note, writing style and prose is investing significantly better than those found in most books since I was an English major. Kelly also offers excellent research resources, including that it had found in my extensive research on the Internet. More information and other sources is not a bad thing, and Kelly provides this in spades. Finally, his introduction to such investment greats like Warren Buffett and Peter Lynch – while rudimentary – are very useful for the new investor. I find it particularly good that he uses in his own intense Lynch strategy, because Lynch is (arguably) the best fund manager who ever lived.

Unfortunately, Mr. Kelly added a bit of their own intuition and thoughts into the strategies presented in this book. First is his belief that the sound is beyond ridiculous UltraDow investment. This is not only an inefficient use of money, but the volatility and risk far exceeds its earnings. Secondly, Kelly seems to be a bit of himself, calling experts from the Wall Street “gurus” who know so much about the stock market than you. In the preface, explains that this book is “always” – a rather bold statement from someone who a) is not important business and B) is not really a professional market. Only later, towards the end of the book, Kelly has admitted that he had “limited experience” is in the range of populations. Er. . . What was the subject of this book always works “? Kelly strategy is, essentially, on the basis of completing a worksheet and setting arbitrary numbers as” good “or” bad “- that is, when proportion exceeds the number X of Y, this stock is a good buy. Meet buy enough of these “good” sign, and you have to buy a stock. This will not only demonstrate their lack of knowledge on the subject, but the worst is he makes statements as if they were guaranteed the money. Oddly enough, Kelly almost always talks about buying shares in the hundreds. Thus, as in 200 shares of Microsoft. Almost anyone who is slightly above the market say know that investment is $ 5,000 or even $ 10,000 lead underwhelming results. do the actions # Kelly is a test to prove that not only minor (re: has not got a lot of money made from trade), but probably not in the investment for a very long time. Remember that the market has returned an average of about 9%. Even if you are the worst stock picker ever, are likely, you will receive 9% of their selections for in the course of his life. The question really is not whether you make money, but how you do it? If you follow Kelly’s advice to prepare underwhelmed.

Are, by far the worst part of the book is completely ruled out that Kelly works short-term trading. In essence describes the strategies in his book – that should not be used if the value of your money much – are all very invested in the long term. Although this is a valid strategy, somepeople are exceptionally successful ownership of a share for the three months, six months or a year. There is a camp for three years to benefit wild and you can perform technical analysis sound in a move that will keep for three months. Kelly makes it seem as if the short-term investment, not only impossible, but uneconomic. For some, though – even those who do part-time – which can be effective.

As a glossary of terms to invest, invest list of resources and a quick overview of how the market works, “the cleanest Little Guide …” is a winner. Unfortunately, Kelly’s strategies are inherently flawed and, although it can be shown that the sound to a new investor, you should not trust. view of Kelly is a narrow mind and a rudimentary one after the best. In some cases, this reads like a “Fisher Price” version of more meat, pounds substantial investment. If it is worth the $ 10 – for definitions and the list of investment companies, research centers, newspapers, magazines and others – you should take Mr. Kelly’s strategies with a grain of salt.

best book for the novice investor – which is not too bogged down with technical terms / complex numbers – is Jack D s . Schwager “Stock Market Wizards” book of interviews with market professionals (fund managers, independent distributors, etc.) This should show that you find an overview of the different strategies and things. was the first thing I read before starting to buy shares, and was a great resource.
Rating: 3 / 5

Q says:

First, Kelly’s writing is very witty and entertaining. He has a knack for explaining complex issues langauge simple and easy to understand. The title of this book describes it perfectly. Kelly is very brief time on practical advice, without a lot of dry theory and argument. It covers basic concepts and terminology of property investment, this book is an excellent introduction to stock market investment for beginners. This is a valuable chapter that outlines the methods of investing some of the most successful and famous Market Wizards as Benjamin Graham, Warren Buffett, William O’Neil, among others. Kelly discusses the main factors that are essential to evaluate a possible purchase of shares. I liked the chapter that the available investment magazines, websites, databases and software reviews. Finally, it offers a practical method to identify the best stocks out there: a list of important criteria to find where these criteria, and how to interpret the data it finds.

There are some parts of his book that are not too large, as its strong emphasis on dogs, “the Dow”, a well known and out of date, strategy, and idea that the fund UltraDow better UDPIX Core Fund is running only madness. This fund is very volatile with a beta of 2 07, more than twice as volatile as the market, and an alpha -5. 78, which means that the risk you take will be rewarded very bad. For a basic background, try something like Oakmark Equity Income and Vanguard Windsor II or VWNFX OAKBX. Kelly has a treasure deep treatment, because they are the only funds he recommends. The so-called “Ultra” funds recommended by extremely volatile.

He has a website where a weekly overview of the market situation and announce your newsletter. In his book claims that the site you get all sorts of important information and suggestions for free, but no longer: the newsletter costs $ 5. 50 per month (Admittedly, this is cheap for an investment newsletter, most of which cost $ 10.30 per month). In his book, he makes fun of all consultants, we can think about the direction of the market predicts. But then, on its website, makes statements like: “I expect a rally in early summer, a wave of sales in August and September and an end-year rally in 2007.” Hey, people, you could get as good a Ouija board, if you want the general direction of market forecasts. The market’s direction depends on events not happened yet. Kelly knows that she refers in his book, but it even goes to the absurd statements to do that. Worse, their predictions prove to be false in general.

Click OK. I subscribed to your newsletter and now in this report. I was very disappointed. Recommended some real losers, and I stopped my subscription. CTHR, AMD, BSX, the list goes on. He likes the stocks are “on sale”, but ignores what these stocks for sale for good reason. The fact that a stock has fallen 50% in 6 months is not a good reason to buy! Another problem I had with the newsletter is that it focuses on a few industries including technology owned shares. And the newsletter populations tend to Big Blue Chip as Disney, Microsoft, Intel or concentrate. I need someone to pay, it should be noted that stocks like me! Sometimes it takes months without new recommendations. The newsletter is usually a rehash of market conditions that can be found in almost any financial website. There are some good newsletters out there, but this is not one of them. Maybe things have changed since I left my subscription, but that was my experience.
Rating: 5 / 5