Tuesday, August 30, 2011

Top Rated Investment Books

All the books listed here have at least a 4.5 star rating on Amazon.com and  20 reviews. An excerpt from Amazon review is shown below a book title.

The Layman's Guide To Trading Stocks by Dave Landry

I started investing before most people who will read this book were even born. I have made good moves, bad moves, and moves I prefer not to talk about. A good friend suggested that I read The Layman's Guide To Trading Stocks. My reply was "I am hardly a layman, I have made and lost more money than anyone who would consider himself a layman." My friend said "just read it." I sat down with the book and could not stop reading. Every mistake I have made over the years is right there. Everything I did right is there. And Dave Landry puts it together in a coherent roadmap that could have helped me avoid the mistakes and capitalize on the good ideas every year since I invested my first dollar

Strategic Stock Trading: Master Personal Finance Using Wallstreetwindow Stock Investing Strategies With Stock Market Technical Analysis by Michael Swanson

While reading Strategic Stock Trading, I realized that by looking at stock charts with a different perspective, like Michael Swanson shows you how to do, trading can be so much easier. Michael shows how to step back and look at the overall life cycle of a sector of the stock market and the life cycle of an individual stock, to see which of the four stages of the life cycle they are in. Strategic Stock Trading shows how to see the trend that a stock is in, even though it may be oscillating up and down and not giving a clear trend in the short term. This oscillating within a range may happen just before the stock breaks out, up or down, depending on which part of the life cycle the stock is at.

With thousands of stocks to chose from to trade, how does a person know what to trade to make a profit? The media is full of brilliant ideas and suggestions. When you understand how to look at the life cycle of a stock and use some basic charting techniques, it is easy to see whether or not to take a position on a brilliant idea or suggestion, or whether to be in cash, ready to take advantage of the next direction a stock is going to take. It's not about being able to read Candlesticks, Fibonacci Retracements, Elliot Waves, Head and Shoulder and other patterns. It's being able to understand the psychology of other traders (including professional traders). This is what Michael Swanson is getting at in his book Strategic Stock Trading






Monday, August 29, 2011

Top Rated Books in Personal Finance

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime


This book is quite good - and I was pleasantly surprised. Think of it as similar to the 'Rich-Dad' series in tone, but with all the very best stuff there in spades - and with all the filler gone. The author is both an excellent writer (again, rare) and has a knack not only for telling it like it is, but for expressing himself with analytic accuracy and striking clarity. Essentially the book helps you re-think all you thought you knew about wealth creation. It's neither a how-to-guide (i.e., buy real estate) or the 'you can do it' feel-good treatise (a la Tony Robbins). Rather, it's critical thinking at its best.