How To Invest if You Can't Afford to Lose eBook Tom Gleason
Download As PDF : How To Invest if You Can't Afford to Lose eBook Tom Gleason
How To Invest If You Can't Afford To Lose is for people of any age who need to grow their investments but can't afford to lose money. The first half is a practical guide for the conservative investor to beat the performance of the best public pension funds in America and avoid the damage of major bear markets. The second part shows how the long term investor can supercharge their returns. Every financial market is cyclical. Use the author's market timing techniques to buy and sell globally. Markets covered include the United States, England, China, India, Germany, Japan and Brazil plus bonds, commodities, and gold. Successful investing is possible for everyone and this book will prove it to you.
How To Invest if You Can't Afford to Lose eBook Tom Gleason
Researching and experimenting with investing and trading strategies has been a hobby of mine for many years, and I make it a point to read as many of the new books about the subject as possible. Many of them are too general to be of much use the average investor, and of those that get specific, too few back up their advice with convincing tests and solid research. This book is an exception in being concise, practical, well researched, and backed up with well tested methods. The author starts by taking the notion of portfolio diversification well beyond the usual 60-40 split of stocks and bonds that passes for professional advice from most financial planners.After showing how to create a well diversified portfolio that includes a truly broad mix of asset classes that are readily available to average investors, the author then shows how to greatly reduce the risk of losses by employing simple timing methods on various asset classes. For those who are skeptical that timing works, each timing method comes with several decades of past hypothetical trades to demonstrate what the results would have been had you used the approach. (Geek note: Investors who are aware of what is called the Data Snooping bias - fooling oneself with random patterns in historical data - will find that the timing formulas are quite simple, and use an approach that works well across a variety of asset classes.)
The timing methods typically require checking in once a month on your portfolio, and only trade about once a year or less on average for any given asset class. So this is not a book for "swing" traders who like to move in and out of trades every few days or weeks.
Many professional observers and commentators of national and global economic trends have noted how it is becoming increasingly problematic and risky to rely on the traditional buy-and-hold methods and simplistic portfolio allocations. This book is among the very few I have read in recent years that provides average investors with well conceived and well tested methods to protect and build their investments in what is becoming an increasingly hostile economic environment. I would highly recommend it to readers who wish to manage their own investments but don't want to spend a lot of time doing it.
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How To Invest if You Can't Afford to Lose eBook Tom Gleason Reviews
This is the perfect book for anyone that wants to invest their money for themselves in a safe manner, yet still get gains from the overall market. With this book you can save the 1 - 2% on assets financial advisors charge. In fact they probably don't want you to read this!
This book will give you the confidence to invest on your own. I especially like the market timing section where the author describes in detail his system. The idea is to get into the market at the beginning of a run up, and to get you out just before the top. It works remarkably well. You will lose a little bit at the beginning since this system doesn't catch the exact bottom, and you will also lose a little bit at the top as this system gets you out before big downturns. However, that is a small price to pay for peace of mind during the downturns. In addition, because you are not in the market during the drops, you make much more than simply buy and hold. Also, the system does not require you to watch the market every day. You only need to check things about once a month so it's easy to adopt.
As an individual investor I have read many investing books and this one ranks right as one of the best I've ever read, mostly because it's so practical and presents an easy to follow system. I highly recommend this.
I've read literally about a hundred books on investing or how to make money. Certain theme's run through most investing books. Save money, Diversify, cut your spending (don't buy a latte), invest for the long term... blah, blah. Well, this book has some good insights telling you how to invest from someone who has actually done it and has some experience, not just investing cliché's of the day. He tells you what to do and what NOT to do. And what some of the traps are for different types of investors. Traps that get the overly aggressive investor, or the overly cautious investor. There's quite a bit of reading to finally get to his model portfolios. If you want to put your money in his "set it and forget it" portfolio's, Gleason suggests two really good safe portfolios for sure. One safer than the other, depending on how safe you want to play it. But the great part about his book... The very best part, is how to avoid big losses. You rarely hear of anyone say "get out of the market". They usually say "ride it out", "invest for the long term". But Gleason tells you, if you want to actively manage your funds, exactly how to determine when you should get out of the market and more importantly, when to get back in! To quote the Talking Heads And nothing is better than this (is it?)
It would be nice if he gave an example of how to separate your passively invested portfolio money from your actively managed "get in, get out" money. For example, what percentage should you use if you want to do both, 50/50? I guess he leaves that up to the reader to decide.
He also mentions his newsletter you can sign up for. But it's nice that he posts his old newsletters up on the internet for free so you can see past recommendations and his ongoing thought process about today's markets.
Researching and experimenting with investing and trading strategies has been a hobby of mine for many years, and I make it a point to read as many of the new books about the subject as possible. Many of them are too general to be of much use the average investor, and of those that get specific, too few back up their advice with convincing tests and solid research. This book is an exception in being concise, practical, well researched, and backed up with well tested methods. The author starts by taking the notion of portfolio diversification well beyond the usual 60-40 split of stocks and bonds that passes for professional advice from most financial planners.
After showing how to create a well diversified portfolio that includes a truly broad mix of asset classes that are readily available to average investors, the author then shows how to greatly reduce the risk of losses by employing simple timing methods on various asset classes. For those who are skeptical that timing works, each timing method comes with several decades of past hypothetical trades to demonstrate what the results would have been had you used the approach. (Geek note Investors who are aware of what is called the Data Snooping bias - fooling oneself with random patterns in historical data - will find that the timing formulas are quite simple, and use an approach that works well across a variety of asset classes.)
The timing methods typically require checking in once a month on your portfolio, and only trade about once a year or less on average for any given asset class. So this is not a book for "swing" traders who like to move in and out of trades every few days or weeks.
Many professional observers and commentators of national and global economic trends have noted how it is becoming increasingly problematic and risky to rely on the traditional buy-and-hold methods and simplistic portfolio allocations. This book is among the very few I have read in recent years that provides average investors with well conceived and well tested methods to protect and build their investments in what is becoming an increasingly hostile economic environment. I would highly recommend it to readers who wish to manage their own investments but don't want to spend a lot of time doing it.
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