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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"A Zen Trading System" Reached #1!

My book reached #1 on the Kindle best seller list for finance and investing:

The free promotion continues through tomorrow at:

http://www.amazon.com/A-Zen-Trading-System-ebook/dp/B009Y05TX0

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"A Zen Trading System" Reaches Number 3 on Amazon's Kindle Best Seller List For Business and Investing

For the next 3 days (today through Monday), the Kindle version of my book "A Zen Trading System" is free through Amazon's KDP Select Promotion.

 Already (as of Saturday afternoon), it reached #3 on Amazon's Kindle Best Seller List For Business and Investing.

This book is a re-issue of "Stock Trading Riches", with a new title and cover.

If you were ever interested in reading about my "Stock Trading Riches" trading system, now is a chance for you to pick up the book for free at http://www.amazon.com/A-Zen-Trading-System-ebook/dp/B009Y05TX0.

 You don't need to own a Kindle to read a Kindle book - you can read it on PC's, Macs, ipads, etc.

If you do grab a free copy, I'd appreciate it if you could write an honest review on Amazon, or at least let others know of the promotion so that they could download the book.

Thanks!

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More Press Coverage

I've been included in two more articles:

One from The Fiscal Times and one from FINS.

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