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The Electronic Day Trader
by Marc Friedfertig, George West
published by McGraw-Hill
http://www.amazon.com/exec/obidos/ASIN/0070158088/darrellstonesweb
In The Electronic Day Trader, authors Marc Friedfertig and George West
explain the rationale
behind day trading and offer strategies that can help you become successful at this fast
game of
speculation and timing. The authors write, "Day trading appears so deceptively easy,
yet in reality it
is a never-ending challenge. It is a game, an opportunity to match wits against the
majority and
thereby prosper. Day trading the stock market is the ultimate opportunity to speculate and
the
ultimate game."
THE MOTLEY FOOL'S RULE BREAKERS,
RULE MAKERS
by David Gardner, Tom Gardner
Simon & Schuster; ISBN: 0684844001
http://www.amazon.com/exec/obidos/ASIN/0684844001/darrellstonesweb
For the past eight years, the U.S. stock market has been on a bull run
the likes of which few have
ever seen, making and breaking records almost every quarter. And for the last four of
those years,
David and Tom Gardner's self-described market-crushing stock portfolios have made the
market's
own incredible performance pale by comparison. In their third book, The Motley Fool's Rule
Breakers, Rule Makers, the brothers reveal the methodology behind their stock-picking
success,
which is impressive. The Rule Breaker Portfolio (formerly known as the Fool Portfolio on
their Web
site) has risen some 650 percent since its inception in 1994, thanks to stocks such as
America
Online, McAfee, and Wal-Mart, while the Rule Maker Portfolio (formerly known as the Cash
King
Portfolio) has risen 440 percent on the backs of investments in Microsoft, Cisco Systems,
and Intel.
Fans of the Motley Fool, who with luck have prospered from the Gardners' timely advice,
will no
doubt love Rule Breakers, Rule Makers. The book is written in their usual humorous and
self-congratulatory style--not only educational, but often aimed at making the pros on
Wall Street
wince, as they should. However, if you're new to the Motley Fool or to stock picking in
general, you
may do well by first considering one of their earlier books, You Have More Than You Think
and
The Motley Fool Investment Guide. --Harry C. Edwards
HOW TO GET STARTED IN ELECTRONIC
DAY TRADING
by David Nassar (Afterword), David S. Nasser
McGraw-Hill; ISBN: 0071345663
http://www.amazon.com/exec/obidos/ASIN/0071345663/darrellstonesweb
Unlike most books of this genre, How to Get Started in Electronic Day Trading really is a
primer.
Nassar, who runs his own trading firm, does not presume you have much knowledge about how
markets work. Instead, the author provides an excellent overview of the dynamics that
drive stock
prices and the various kinds of electronic access, as well as the broad strategies
employed by
successful day traders. In addition to providing information about how to open an E-DAT
account,
Nassar stresses the importance of developing a focused trading strategy and recommends
working
with a simulator before risking your hard-earned cash.
Day trading is definitely not for everyone, and this book alone will not make you a
successful day
trader. But if you're the slightest bit interested, How to Get Started in Electronic Day
Trading will
satisfy your curiosity and may even help you launch a second career. --Harry C. Edwards
THE ONLY INVESTMENT GUIDE YOU'LL
EVER NEED
by Andrew P. Tobias
Harvest Books; ISBN: 0156005603
http://www.amazon.com/exec/obidos/ASIN/0156005603/darrellstonesweb
Last revised in 1995, the guide takes aim at a new game in town--online
trading. By all means, use
the Internet for buying a car or for research, Tobias says. But avoid cyberspace brokers,
he says.
Point and click enough and you will get slaughtered by commissions, spreads, taxes, and
human
nature. "It's so easy to click 'OK' a few times and make a $10,000 bet," he
warns. "Look how
mesmerized we become on a stool in front of a slot machine. Internet investing positively
teases you
to play." Tobias's favorite new entry is the Roth IRA, which allows you to withdraw
your money
tax-free when you retire. It's far better than a traditional IRA, he asserts. "Save
yourself the trouble
of agonizing over the choice and go with the Roth IRA," he writes. "Forget the
worksheets."
Sometimes caustic and always a skeptic, Tobias believes readers can shape their own
financial
futures. Just stick to the basics, he says. "By and large, you should manage your own
money, via
no-load mutual funds," he writes. "No one is going to care about it as much as
you." It doesn't matter
if it's 1978, 1998, or even 2008. The Only Investment Guide You'll Ever Need still is
exactly that.
Some things never change. --Dan Ring
DIE BROKE
by Stephen M. Pollan and Mark Levine
(HarperBusiness)
Forget about the will--and the conventional wisdom, says a financial adviser.
http://www.amazon.com/exec/obidos/ASIN/0887308678/darrellstonesweb
Die Broke is organized into two sections: the first lays out the
principles for dying broke. Pollan
bases his whole argument on these four maxims: quit today and work for yourself, not your
company; pay cash, melt your credit cards, and don't even think about using your ATM card;
don't
retire, retirement is a relatively new concept created during the Depression, instead plan
to work all
your life, and; die broke, after all, you can't take it with you.
The second part looks at specific instances of how to put this philosophy into action,
covering
everything from "Automated Teller Machines and Cards" and "Umbrella
Liability Insurance" to
"Mortgage Loans" and "Real Estate Investment Trusts." The book draws
on Pollan's experience as a
financial and legal consultant and includes many examples from his own practice.
YOU HAVE MORE THAN YOU THINK
by David and Tom Gardner
(Simon & Schuster)
Help for the investment-challenged.
http://www.amazon.com/exec/obidos/ASIN/0684843994/darrellstonesweb
Motley Fools David and Tom Gardner initially made their mark by offering
humorous but savvy
investment advice online. They leapt out of the virtual world with their first book, The
Motley Fool
Investment Guide, which spent several months on the New York Times bestseller list. The
Foolish
ones are back in print with You Have More Than You Think: The Motley Fool Guide to
Investing What You Have. It goes beyond the standard specifics on stocks and mutual funds
to
tackle overall financial issues in the typical Motley manner. The Gardners show readers
how to tidy
up their finances (trimming credit-card debt, spending more wisely on big-ticket items)
before
delving into the nuts-and-bolts of traditional investing. --Howard Rothman
CHARLES SCHWAB'S GUIDE TO FINANCIAL
INDEPENDENCE
by Charles R. Schwab
(Crown)
Tips from the discount brokerage CEO.
http://www.amazon.com/exec/obidos/ASIN/0375401873/darrellstonesweb
When it comes to investing, most of us know where we'd like to be but
not how to get there. We'd
like nothing better than to sit down with an experienced professional who can guide us
through the
bewildering array of choices. Reading this easy-to-understand book is like having the
founder and
CEO of a $350 billion brokerage firm sit at your kitchen table and distill his 40-plus
years of
accumulated wisdom in a one-on-one session with you. You will learn how to:
Define and set investment goals
Prepare an investment plan, put the plan into action, and update the plan regularly
Plan for your children's education or your own retirement
Cope effectively with the ups and downs of the market
Make sure you'll have enough for a comfortable retirement
HOW TO RETIRE RICH
by James O'Shaughnessy
(Broadway)
Number-crunching your way to the golden years.
http://www.amazon.com/exec/obidos/ASIN/0767900723/darrellstonesweb
Some investment books claim only one true path to stock-market riches. Fund manager James
O'Shaughnessy has five, and he has the data to back them up. He was the first independent
researcher to be granted full access to a Standard & Poor's database containing
computerized
information on almost 10,000 stocks going back to 1951. From the data, O'Shaughnessy
derived
five portfolio-building strategies that, over the past 45 years, have consistently beaten
the market
average. How to Retire Rich also contains a wealth of useful information on mutual funds,
online
trading, and using the Internet to research stocks.
The Complete Idiot's Guide to Getting Rich
A practical guide to Wealth Building
by Larry Waschka
published by Alpha Books
http://www.amazon.com/exec/obidos/ASIN/0028613430/darrellstonesweb
This user-friendly book is for the investor who is looking to expand
beyond the basics, and perhaps
take a few more risks. Included are investment strategies used by some of America's
wealthiest and
savviest investors, plus the inside scoop on getting the most out of employee benefits and
managing
401(k) plans and other portfolios.
The Beardstown Ladies' Guide to Smart Spending for Big
Savings
How to Save for a Rainy Day
published by Hyperion, New York
http://www.amazon.com/exec/obidos/ASIN/0786882689/darrellstonesweb
On the heels of their two enormously successful national bestsellers, the Beardstown
Ladies offer
more of the commensensical wisdom that has made them the nation's most trusted financial
advisors.
This practical guide presents advice on how to spend smart on the big things in order to
be able to
save more and still live the good life. Charts & illustrations
BUFFETTOLOGY
by Mary Buffett and David Clark
(Scribner)
An ex-daughter-in-law's take on Buffett's techniques.
http://www.amazon.com/exec/obidos/ASIN/0684837137/darrellstonesweb
Americans are infatuated with the stock market. The number of households
that own stock has
increased from around 20 percent in the early 1980s to over 40 percent today. The market
offers
the hope of quick wealth and early retirement, and just about everyone who is in the
market is
looking for an edge, from sources such as CNBC and Wall Street Week to the Beardstown
Ladies
and "The Motley Fool." So it should be no surprise the most successful investor
of our time--Warren
Buffett--has been the subject of dozens of books and magazine articles. The value of
Buffett's
company, Berkshire Hathaway, has increased from $18 per share in 1965 to over $70,000 per
share today. The interest in Buffett has spawned an approach to investing called
"Buffettology,"
which is the subject of a book by the same name written by Buffett's former
daughter-in-law, Mary
Buffett.
In Buffettology, Mary Buffett, with the help of David Clark, details Warren Buffett's
approach to
investing. It's a style of investing based on the work of Benjamin Graham and one that
requires a
quality that most investors lack--discipline. Mary Buffett writes, "As you read
through this book you
will come to see that having a business perspective on investing is more about discipline
than
philosophy.... In short, other people's follies, brought on by fear and greed, will offer
you, the
investor, the opportunity to take advantage of their mistakes and benefit from the
discipline of
committing capital to investment only when it makes sense from a business perspective....
You will
find that almost everything that relates to business perspective investing is alien to
Wall Street
folklore.
Buffettology examines Buffett's methods for valuing companies and selecting stocks--it
even
encourages you to buy a calculator and work through the valuation formulas that Buffett
uses when
researching companies to buy. The book not only serves as a useful guide to understanding
how
Buffett invests, it's an excellent primer to investing in stocks, whether you plan to
become a
Buffettologist or not. Highly recommended. --Harry C. Edwards, Business editor
THE NEW RULES OF MONEY
by Ric Edelman
(HarperCollins)
Rules? There are rules?.
http://www.amazon.com/exec/obidos/ASIN/006270219X/darrellstonesweb
EVERY INVESTOR'S GUIDE TO HIGH-TECH STOCKS
& MUTUAL FUNDS
by Michael Murphy
(Broadway)
http://www.amazon.com/exec/obidos/ASIN/0767900200/darrellstonesweb
WALL STREET MONEY MACHINE
by Wade B. Cook
(Lighthouse Publishing)
A former cab driver's formulas for striking it rich.
http://www.amazon.com/exec/obidos/ASIN/1892008602/darrellstonesweb
ONLY THE PARANOID SURVIVE
by Andrew S. Grove
(Currency)
Intel's CEO describes how to turn crises into moments of opportunity.
http://www.amazon.com/exec/obidos/ASIN/0385482582/darrellstonesweb
MAKING THE MOST OF YOUR MONEY
by Jane Bryant Quinn
(Simon & Schuster)
An updated edition of the columnist's 1991 guide.
http://www.amazon.com/exec/obidos/ASIN/0684811766/darrellstonesweb
THE MOTLEY FOOL INVESTMENT GUIDE
by David and Tom Gardner
(Fireside $12)
The online duo puts it on paper.
http://www.amazon.com/exec/obidos/ASIN/0684827034/darrellstonesweb
In a world where 3 out of 4 mutual funds underperform the stock market's
average annual growth,
you might just want to strap on a belled cap and golden slippers and give it a try.
In sixteen months of directing The Motley Fool on America Online, the most active online
financial
site on the planet, David and Tom Gardner have managed a real-money portfolio that has, to
date,
risen more than 140%. What was $50,000 on August 4, 1994, has grown into over $120,000
today.
In The Motley Fool Investment Guide, they fully lay out their approach to beating the
stock
market. The models presented herein are designed for long-term investors interested in
minimizing
commission and opportunity costs, while maximizing savings for their retirement and
children.
Foolish investors focus on understanding businesses, on analyzing sales and earnings
growth, on
learning to interpret financial statements, and on unearthing the highest quality
companies that
generate profits without shouldering loads of long-term debt.
Fools are not tempted to overactively trade portfolios, to gamble on a couple
"hot" picks, to use
technical analysis and pass the hours reading stock charts, to waste time trying to
predict the
direction of the stock market nor to conversing in financial talk that is jargonized,
indecipherable, or
professional.
David & Tom wrote this book for everyone hungry to learn more about the most
profitable
investment vehicle over the past century: the stock market. Shakespeare sayeth:
"Foolishness doth
walk about the orb like the sun, it shines everywhere." In that spirit, The Motley
Fool Investment
Guide aims to serve you, whether you've been investing for 10 years or have never invested
before.
THE MOTLEY FOOL INVESTMENT WORKBOOK
by David and Tom Gardner
(Fireside $12)
''So, where do I find stocks?'' and other queries, asked and answered.
http://www.amazon.com/exec/obidos/ASIN/068484401X/darrellstonesweb
The third book from the brothers Gardner, this workbook guides you, step
by step, through the
process of putting the lessons learned in You Have More Than You Think and The Motley Fool
Investment Guide to practical use.
This workbook will help you:
--Build yourself a budget
--Figure out how much you have to invest
--Work out which investment strategy is best for you
--Discover the best sources of stock market information and what to do with them once you
find
them
--Find out where and how to buy stocks the cheapest and fastest way possible
--Learn when to hold on to your investment and when--if ever--to let it go
The Motley Fool Investment Workbook will show you exactly how to take control of your own
monetary destiny in the simplest possible way.
There's never been a better time for the individual investor to take control of his or her
investments.
Anybody with a computer and a modem can monitor stocks, access real-time quotes, get the
latest
company financials, and much, much more in short, you can get all the same data as Wall
Street's
Wise Men. And you can do more with it than they ever dreamed.
YOUR MONEY OR YOUR LIFE
by Joe Dominguez and Vicki Robin
(Penguin $11.95)
To achieve financial independence, restructure your life.
http://www.amazon.com/exec/obidos/ASIN/0140167153/darrellstonesweb
INVESTING FOR DUMMIES
by Eric Tyson, MBA
(IDG Books $19.95)
From stocks to small business--with cartoons, too.
http://www.amazon.com/exec/obidos/ASIN/1568843933/darrellstonesweb
THE WALL STREET JOURNAL GUIDE TO
UNDERSTANDING MONEY AND INVESTING
by Kenneth M. Morris and Alan M. Siegel
(Fireside $13.95)
Concise explanations enriched with graphics.
http://www.amazon.com/exec/obidos/ASIN/0684846500/darrellstonesweb
BARRON'S DICTIONARY OF FINANCE AND INVESTMENT
TERMS
by John Downes and Jordan Elliot Goodman
(Barron's $11.95)
What is an oligopsony anyway?
http://www.amazon.com/exec/obidos/ASIN/00812090357/darrellstonesweb
PERSONAL FINANCE FOR DUMMIES
by Eric Tyson
(IDG Books $19.95)
Lighthearted primer.
http://www.amazon.com/exec/obidos/ASIN/1568843933/darrellstonesweb
Personal Finance for Dummies offers sound and practical advice for those
who want to get
control over their personal financial lives. Author Eric Tyson points out the most common
mistakes
that we all make in our approach to money and prescribes ways to save and invest for a
secure
future. Using worksheets, the book helps you to measure your own financial health by
looking at
factors such as how much debt you carry, your savings rate, as well as investment and
insurance
checkups. The book looks at how you should invest your retirement account, approach taxes,
and
provides a good overview on how to buy real estate.
TAXES FOR DUMMIES
by Eric Tyson, MBA, and David J. Silverman, EA
(IDG Books $14.99)
A line-by-line how-to.
http://www.amazon.com/exec/obidos/ASIN/0764550691/darrellstonesweb
This is a personal site that is open to whoever wants to use it. No representations are made about the suitability of any of the material found on this site for your use. If you choose to use information from this site, consult a professional if there is ever any question. I can accept no responsibility for your actions, the actions of others or for the content of pages this site may link to. I am, however, always available to assist you in whatever way possible. Darrell Stone © 2000 |