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Posted March 2, 2010
Posted February 23, 2005
A Good Read !
If personal finance seems like a no-brainer for every brain but yours, this book will enhance your gray matter and your bank account. The payoff begins immediately. The authors explain complex and potentially mind-numbing terms such as 'passive income,' 'stop loss' and 'productive assets' in lively language that entertains without condescension. The text is sprinkled with helpful easy-step programs, charts and worksheets, features that integrate your financial data into the learning curve. Your participation enhances the book¿s real-life examples. Quick summaries and detailed postscripts make the bite-size chapters even more digestible. Most of the examples are clear, with color and commentary that brighten potentially dry data. Occasionally, the authors slide into abstract number-crunching gymnastics that may leave readers stranded on the mat. But such mishaps are rare. And don¿t skip the concluding chapters about human behavior. The insights about personal accountability, positive visualization and family education provide valuable dividends. We recommend this strong performer; it will yield excellent market advice.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted May 28, 2004
Good title, not a get rich quick book
but how to extract money from the markets with lower risk. About a quarter of this book is a rehash of Trade Your Way to Financial Freedom ¿ position sizing, psychology of trading, risk evaluation, keys to investment success, analyzing mistakes, etc. The additional material gives a good argument for what you should be invested in and when, under any market conditions. There are several suggestions for making money in different markets under different conditions and Tharp provides a simple system for doing so. There are good chapters on bear funds, real estate, inflation, and the dollar and what to invest in when interest rates are high, low, declining, and rising. The chapter on position sizing is expanded from the earlier book. If you¿re already financially free, you¿ll probably slog through the first 50 pages which are a bit like a personal finance primer, but there are good tips on redeploying your assets. Overall this is a good compilation of the best ideas that are out there. This is a terrific book for those who¿ve never read Tharp, and a pretty good follow up for those who have. For an experienced trader making a living from the markets, this book probably doesn¿t offer that much, unless you have had trouble making safe profits under all market conditions. For the average guy this book is a must read.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.