"Stock Trading Riches" Was Recommended on Two Different Investing Forums

Here are the 2 recommendations:

mh2007  Junior Member   Join Date: July 1, 2008 Posts: 308 Religion: Catholic

Re: Investing info I would recommend: Jason Kelly - The Neatest Little Guide to Stock Market Investing, Jason Kelly is the author of nine books including "The Neatest Little Guide to Stock Market Investing." Available on Amazon.com Also, recommending Robert Lichello - How to Make $1 Million in the Stock Market Automatically. Available on Amazon.com Moreover, recommending Praveen Puri - 1) Stock Trading Riches, and 2) Constant Value Investing. Available on Amazon.com Lichello and Puri are worth reading because they explain how to automatically buy low and sell high, removing the human tendency to trade emotionally. These books would make for an excellent start, whether you invest in individual stocks or ETFs.

Quakerman  Member   Join Date: May 2009 Posts: 11 Thanks: 2 Thanked 0 Times in 0 Posts

Re: Strategy for transcations in Mutual Funds..Pls Help! Jeet: You may want to consider the AIM trading system (automatic investment management) developed by Rbt. Lichello back in the 70's. Another system is the Simple Trading System, by Praveen Puri based on Constant Value Investing, which is similar to the above. Both systems are discussed in detail at different web sites. As well you can purchase books on ebay and amazon. Lichello book is How to make $100000 automatically. Praveen Puri book is Simple Trading System Hope this helps you Quakerman

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TWTR

The Twitter IPO price was $26, but it opened at $45.10, traded as high as $50.09, and closed at $44.90.

If it drops into the $30's, or if it stays in the $40's range for a few days, I may buy some.

My book "Stock Trading Riches" has a section on my successful IPO technique - buying IPOs that have similar market share as a previous IPO.

For example, I bought the Visa IPO because the mastercard IPO was successful.  I bought the Chicago Board of Trade IPO because the Chicago Mercantile Exchange IPO was successful, and I bought the Hyatt IPO because Hilton was a successful stock.

Now that the Facebook IPO was successful, I think Twitter will be good also.

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The Best New York Investment Isn't From Wall Street

I read an interesting article in the Chicago Tribune that one of the best investments over the last year is not from Wall Street - but the New York city streets.

The value of a NYC Taxi medallion increased 49% to $1.3 million.

Interestingly, they say that one of the reasons is technology - specifically cabs accepting credit cards and from apps that allow people to call cabs directly from their phones.

Also, the number of medallions is capped at 13,336 - and it is illegal to drive a cab without one.

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The Value of Good Stock Picking and Rebalancing

On Wednesday, the Chicago Tribune had an article about how gold and silver prices have declined this year.

The article included a graph showing that, despite the recent declines, the SPDR Gold Trust ETF has returned +94.73% from Jan 1, 2007 through this past Tuesday.  During this same period, the iShares Silver Trust ETF returned +48.47%, and the S&P 500 index +13.80%.

My account, which does not have any precious metals ETFs (only stocks, REITS, a short term bond fund, and cash) and has been managed with my STR (Stock Trading Riches) system, has returned +49.09% during this time period - so I have done well compared to the S&P 500.

This shows the value of good stock picking and rebalancing (buying low, selling high).

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New 4-Star Review for "Stock Trading Riches" on Amazon.com

Zen like but no panacea 

 This book is a wonderful and simply written explaination of the author's technique of trading that you can perhaps experiment with.

The author puts a few compelling arguments on why his technique over the long term is a better approach to trading.

One argument is that the technique inherently requires minimum involvement from you until your "rebalance period" expires and you either have to buy or sell the shares. This means that you don't have to worry about timing but concentrate in investing in excellent companies.

Other arguments for the technique such as tax benefits and how loss in one period can self correct in another are enumerated.

This technique of course requires discipline in that its a long term investment strategy. Instead of vertical growth by buying and selling frequently, it requires you to "own a constant value of as many positions as possible" and grow horizontally.

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Kindle Version of "Stock Trading Riches" Free on Amazon This Week

The Kindle version of "Stock Trading Riches" is free on Amazon all this week (Monday 5/20 - Friday 5/24).

Here is the link: http://www.amazon.com/Stock-Trading-Riches-Transforms-ebook/dp/B0065CE3VO

Remember that, to enjoy Kindle books, you don't need to own a kindle. Amazon has free kindle readers for macs, PCs, iPads, etc.

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Flooding In My Subdivision

Yesterday, Chicago got more than a month of rain in a day.

Here is a picture of the road into my subdivision.  It was flooded by the lake.

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