Sensible Stock Investingby David Van Knapp
Written for the busy individual, Sensible Stock Investing presents the investment process in/i>/i>
For the millions of individual stock investors who want to improve their results-and for beginners who want to get started on the right foot-Sensible Stock Investing: How to Pick, Value, and Manage Stocks is a comprehensive yet easy-to-follow guide.
Written for the busy individual, Sensible Stock Investing presents the investment process in three phases: rating companies for their intrinsic soundness; valuing stocks to find advantageous purchase prices; and managing a portfolio once it is established. Author David Van Knapp breaks these stages into discrete steps and shows how the individual investor-in just a few hours per month-can outperform most mutual funds by investing intelligently and minimizing risk at every stage. As you will see from the two actual, proven portfolios described in Sensible Stock Investing, you don't have to be a mathematical genius or investment professional to succeed in the stock market!
Whether you are an experienced investor or just getting started, Sensible Stock Investing describes straightforward methods, provides the forms and tools you need, and shows you what to do every step of the way to successfully navigate the stock market with intelligent investment practices.
For more information, visit www.SensibleStocks.com.
Van Knapp offers a friendly and comprehensive system for investing in stocks. "It may come as a surprise, but one does not have to be a financial genius, good at math, a trained economist, or have an MBA to beat the market," writes Van Knapp in this cheery, methodical and candid guide for putting your money to work in the stock market ... Van Knapp has boiled his system down to three concentrated elements: picking the right companies, choosing the right price and intelligently managing your portfolio ... A levelheaded, lucid guide to stock investing. -Kirkus Discoveries
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Most Helpful Customer Reviews
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It's fun to read and very informative. The system described in the book works.
This is a good solid book containing lots of information, and I like the fact that it is empowering people to manage their own investments rather than blindly trusting "the professionals".
Although on the face of it, this book is about picking stocks based on good fundamentals (mainly dividend yield), it does also mention the importance of not blindly "buying and holding" indefinitely based solely on the fundamentals. In my opinion, it does not go quite far enough here, because my own research (not opinion) in "Stock Fundamentals On Trial: Do Dividend Yield, P/E and PEG Really Work?" shows that determining the onset of a general bull- or bear- trend may be just as important as -- if not more so than -- picking stocks based on their sound fundamentals. As case in point: banks were traditionally good dividend payers until they collapsed in 2007-2008.
In fact, the book doesn't go far enough in any direction and tends to sit on the fence. It might say something like "value investors look for undervalued stocks at low prices, whereas growth investors look for rapidly growing stocks regardless of price"; and then conclude with "..we take a middle view.". This is not a direct quote, but representative of my point.
So as not to sound too negative, I'll stress that I do like this book and the wealth (no pun intended) of information it contains. As author of "DON'T LOSE MONEY!: (in the Stock Markets)", I like the fact that it has a 'sensible' title rather than one of those misleading "get rich quick" titles; even if I don't agree exactly with the investment approach.
'Sensible Stock Investing' is written from the point of view of the individual investor. The author focuses repeatedly on strategies and techniques that will save the individual time without degrading his or her investing results. The book divides stock investing into three broad steps: picking stocks, valuing them, and managing your stock portfolio. All of the broad steps have individual steps within them, all neatly laid out, cookbook-style. Portfolio management, for example, includes knowing when to buy and sell, reviewing your portfolio periodically, keeping a shopping list of desirable stocks, and so on. Picking stocks and valuing them are handled with an 'Easy-Rate' stock scoresheet, an example of which is supplied. The writing is clear and easily understood this is a great book for the beginning investor. Overall, a well-deserved 5 stars.
There are many many books and publications on Investments and I see them from day to day. However, for the sensible investor that can follow a simple discipline as set forth in this book he/she will be well rewarded. If you are using a fee money manager, you will better understand and be better able to evaluate their claims and salesmanship. I am an individual investor and Trustee of other funds. Don
Sensible Stock Investing (SSI) is a well-written, easily understood, and easily implemented guide for stock market investors. As a business professor, I'm familiar with the common theories debunking long-term profiteering in the market. People say the same things about betting on horse races. Yet, it's important to understand that these theories deal with averages -- particularly, the average investor. Fact is, some ordinary individuals can and do make money (i.e. above average returns on a consistent basis) betting on horse races -- and/or in the stock market. Van Knapp is one of these people. He's also a gifted writer and teacher, who has taken the time to share his experiences and lay out a 'sensible' system for individual stock investors. SSI is the most readable, concise, and workable guide I have seen in years. It cuts through the clutter of mind-numbing data, conflicting 'expert' opinions, and investment advisor marketing to present a rational and easily-implemented do-it-yourself system. Van Knapp's advice may be the best investment yet for the sensible stock investor!
I own and have read a variety of investing books. This one is unique and very helpful in several respects. First of all, it is totally pitched to the individual investor. The author is a successful individual investor himself, and he writes from that perspective. There are no 'war stories' from a former mutual-fund manager's point of view--the point of view is totally the individual investor's. I can really relate to that. Second, the book is filled with forms and tools that you can put to use immediately. There are clever (but straightforward) point systems for rating companies and valuing stocks, and an 'Easy-Rate' sheet for recording your information. There is a 'Shopping List' that you can use in the form suggested, or tweak to emphasize any aspect of a company (or its valuation) that you wish--such as large dividend-paying companies. I especially appreciated the chapters on portfolio management. This aspect of stock investing is under-appreciated and often overlooked entirely by books that focus almost exclusively on stock picking. The author delves into issues such as timing, reasons to sell, and other topics that are not often treated thoroughly, or at all. Finally, I was especially impressed with the book's two real (not 'model') portfolios. The author started the portfolios several years ago to illustrate his investment principals and also learned a lot from them. The lessons he learned comprise the final chapter in the book. I am adding this book to my investment library, and I recommend that others do the same. You will find it to be a highly informative guidebook for individuals in the stock market.