Best Stock Market Investing
1 How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology
In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. For beginner traders, this book gives you an understanding of where to start, how to start, what to expect from day trading, and how to develop your strategy. If you think you are beyond the stage of a novice trader, then you may want to jump ahead and start reading from Chapter 7 for an overview of the most important day trading strategies: ABCD Pattern Trading Bull Flag Momentum Trading Top Reversal Trading Bottom Reversal Trading Moving Average Trend Trading VWAP Trading Support and Resistance Trading. For each strategy, I explain: How to find the Stock in Play for trade What indicators I am using on my charts When I enter the trade When I exit the trade (profit taking) What is my stop loss. Day trading is not gambling. That's How to Day Trade for a Living . If you just wanted to get started in day trading, following Andrew's guidelines gets you stated on the right foot. There are a lot of other books on day trading that just give you basic philosophy and market theory. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. You can monitor my screen in real time, watch me trade the strategies explained in his book, and ask questions of me and other traders in our chat room. I know you will learn much about day trading and the stock market from studying my book.
Reviews
Find Best Price at Amazon"In other words -- the information seemed useful, but I wasn't sure OF the author's genuine intentions (to write a great book, versus suck people in for long-term profits). Aziz offers his readers a few recommendations relative to "tools of the trade," and given this was my first experience with this sort of text -- I was caught off guard by some of what felt like self-promotion from within... Yup, as "good" as CANSLIM has (apparently) proven itself over the years, IBD not only sucked me in -- but they continue to annoy the heck out of me -- AS A PAID SUBSCRIBER -- by constantly inundating me with ads... Her "tools," by the way, are actually pretty useful... My point though, is this: Though these authors (obviously) have something to gain by increasing their follower-ship, they are also simultaneously recommending invaluable resources for ANY "trader" genuinely interested in succeeding in this business. Believe it, or not, the guy (Aziz) would be doing his readers a disservice if he didn't recommend (and/or offer) tools for success... My experiences so far: Chat Room: When I first stumbled into his chatroom, I was caught off guard. I think I was expecting some sort of forum-based venue, where newbie's like me could browse topics of interest, ask redundant questions, and receive "platinum" membership status for posting 1 billion times... And when he (Aziz) loses money on the day, it speaks volumes toward: 1) Everybody is capable of failing, and even a professional trader has risk/reward factors to consider, and 2) he's not pretending to have a "secret sauce" that will guarantee billions of dollars overnight! To be honest, I never imagined I'd put forth any sort of tangible effort into a simulator (it was "beneath me"), but now that I have the experience -- I'm soooooooo glad that I humbled myself, and took his advice! I would also argue that Aziz cuts a lot of unnecessary fluff, and focuses on providing advice that actually works; rather than just including pages of theory in an attempt to convince us of his acumen. I'm now thankful that Aziz made it a point to help guys like me consider the "big picture" ---- while holding our hand(s) along the journey ---- before my accounts were wiped away like an open bag of leaves on a gusty day!"
"Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important."
"That being said, this was the first opportunity to be exposed to what I was lacking (the discipline aspect of what a successful trader needs to do each and every day). On the flip side, he provides you the blueprint on how to overcome these pitfalls and establish the level of confidence to make a living and thrive as a day trader."
Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, and The Bed of Procrustes . Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. highly entertaining.” — The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . You finish the book feeling braver and uplifted.” — New Statesman “Antifragility isn’t just sound economic and political doctrine. Taleb sees degrees of antifragility everywhere, from fasting, mythology, and urban planning to economic, technological, cultural, and biological systems. Such skepticism toward elites, which imbued Taleb’s The Black Swan: The Impact of the Highly Improbable (2007), continues in this work, which grapples with a concept Taleb coins as “antifragile.” Not readily reducible to a definition (Taleb takes the whole book to develop the idea), suffice to say here that antifragile’s opposites—economic, political, or medical systems that are vulnerable to sudden collapse—tend to be managed by highly educated people who think they know how systems work. Emphatic in his style and convictions, Taleb grabs readers given to musing how the world works.
Reviews
Find Best Price at Amazon"The rest is an accumulation of more or less relevant topics, delivered in Taleb's trademarked seering, holier-than-thou, hero-or-moron style. Debt-fueled economies: debt has no flexibility, so these economies can't stand even a slowdown without risking implosion (cf current situation). Modern societies: efficiency demands are pushing the structures to the maximum, so a little sand in the cogs make the whole edifice totter. Touristification: turning adventures (kids growing up, people visiting foreign countries) from exciting, dangerous activities into bland, Disneyfied and safe ones. 1.2.3 Ways to be antifragile include: Stressors: it is healthy to be subject to some punctual stresses to awake the organism from complacency (e.g. irregular meal times, violent exercise or ingesting small amounts of poison). Barbell strategy: put 90% of your eggs into something super-safe and be very risk-seeking with the other 10% (swing for the fences). 1.2.4 For small troubles, better trust nature and do nothing than bring untested methods that can have tragic unforeseen consequence. Beware of neomania: don't embrace novelty for the sake of it. Stick to time-tested methods: what has stood the test of time has proved to be robust. Don't sweat the small stuff if it can lead to tragedy: radiation used to cure acne leading to leukemia, thalidomide prescribed to reduce morning sickness leading to malformed babies. 1.2.5 An antidote to the lack of accountability seen in the powerfuls who rule us (government officials, corporate honchos, bankers). Have them have skin in the game, i.e. to share in the downside of their decisions. In conclusion, this is an imperfect, overlong and often eye-roll-inducing book (as is usual for Taleb), but it presents an intriguing and original argument for the reader to chew on."
"And that practice should embrace the inherent variation of the modern world."
"The problem with this position is one of being paradoxical to emergence....there are many "paradigm shifts" (see Kuhn's book "The Structure of Scientific Revolutions" if you are unfamiliar- it is a vital concept for this topic) where we do not see the "black swan" until it has occured and radically changed the playing field. I have issues with a conflict of concepts where the old paradigm (the ancient, and often the "antifragile") is shattered by the black swan event (paradigm shift) which replaces the old with a new, likely antifragile construct. This paradox plays throughout Taleb's book, unlike "The Black Swan" where there is no significant paradox in logic."
"NNT writes about when he used to attend MBA, he tells the story about a professor that was teaching him about financial options, and NNT realized he did not even knew that much about options, because the professor thought there where only financial options, but NNT grasped the generality of the idea."
This clear, concise, and accessible guide from two industry insiders shows you how to navigate this brave new blockchain world—and how to invest in these emerging assets to secure your financial future. In addition to offering smart investment strategies, this authoritative resource will help you understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution. By sequentially building on the concepts of each prior chapter, the book will provide you with a full understanding of the cryptoasset economy and the opportunities that await the innovative investor . “As we hurtle into a new, decentralized economy, Burniske and Tatar have laid down something of immense importance: a coherent logic, a new science even, for investing in the assets that will define that coming world.”. “In this sweeping and lucid work, Burniske and Tatar make a compelling case that cryptoassets are foundational to the second generation of the Internet and represent a once-in-a-generation opportunity for the innovative investor. ―Ric Edelman, three-time #1 Independent Financial Advisor ( Barron’s ) and New York Times bestselling author of The Truth About Your Future. Cryptoassets is an excellent introduction to this breakthrough in technology and finance, and a tremendous resource for those eager to get their heads around what can be a daunting and complex subject.”. Chris Burniske and Jack Tatar give the most compelling case for why, with sharp, detailed analysis that reflects their deep understanding of the technology and their strong finance background. The authors surface many historical examples to remind us that in times of excitement, it is even more important to pay attention to the teams and talent behind each project.”. “ Cryptoassets is a must-read for all financial services executives and investors who want to understand the fundamentals and future directions of this burgeoning, new asset class. Within this book, they’ve rolled up their sleeves to provide helpful historical context and a valuation framework that readers will find intellectually stimulating and illuminating for understanding this rapidly emerging world of cryptoassets.”. Cryptoassets explains, in simple to understand terms, the full paradigm of Bitcoin and its successor currencies, and it provides everything needed to explore this exciting world.”. Cryptoassets makes blockchains accessible to the nontechnical by exploring their varied origin stories, use cases, and fundamental value. “Young, Stanford-trained, blockchain analyst and investor Chris Burniske has teamed up with financial planning expert and author Jack Tatar to provide the first comprehensive guide to understanding the fastest growing, most exciting asset class under the sun. “While the cryptoasset space has witnessed exponential growth, to achieve its full potential, it has to be broadly integrated into the real world. With consistent objectivity and clarity, Chris and Jack’s book details cryptoassets as an asset class, and will prove influential in driving institutional investor adoption of this groundbreaking opportunity.”. “ Cryptoassets provides a great introduction to and overview of the young yet rapidly growing universe of all things blockchain. This industry, asset class, and overall idea will make you ponder why abstract concepts like money, identity, and business function like they do in the world today, and how the innovation we’re seeing will completely reshape the economy of tomorrow. From setting the stage to diving into specific protocols and projects to sharing practical knowledge on how to invest in these emerging assets, Chris and Jack’s combination of expertise and familiarity with the complex topics at hand are testament to why I have considered them some of the best resources throughout my journey of falling deeper and deeper down the crypto rabbit hole.”. It’s not a hard read yet delves into much of the detail needed for a complete understanding of the benefits, and risks, of bitcoin, blockchain, and more. I’d totally recommend it to anyone who wants to dive into investing and understanding how cryptoassets will shape the future of society and the creation of value.”. “Those of us who work in the blockchain industry have long realized that the rise of cryptocurrencies as a legitimate asset class was inevitable. Chris was the first buy-side analyst to focus exclusively on this emerging asset class, and Jack was one of the earliest financial journalists to stress its importance. Now, with Cryptoassets , they describe, as nobody has before, why every investor should incorporate bitcoin, ether, and new blockchain-based assets into their portfolios, and how to analyze these tokens in order to make the right investments.”. The authors capture not only the technical and market analysis you need to know to invest in these projects but also the ethos and excitement of the people pushing this envelope. The book provides background and the potential impacts of ICOs, offering insightful knowledge to both those entering the space and experienced investors like myself. The book covers the full potential and array of what this technology offers in piercing the veil to an Internet of value with all the new innovations and crossovers from the traditional realm of finance. Chris and Jack have brought a wealth of knowledge and cross-disciplinary methods to bear from their respective fields and broken new ground in their analysis of this exciting new space.”. Burniske and Tatar are able to leverage their deep industry experience to condense a complex, continually evolving topic into a concise and informative guide for investors looking to be on the cutting edge of a new asset class. “In a world where issuing digital assets becomes as easy as creating a website, Chris and Jack provide a comprehensive guide that will help you separate the wheat from the chaff.”. “As we enter the next great evolution in global financial markets, Chris Burniske and Jack Tatar have authored a unique and much needed volume. The book adapts classic finance pricing models to the challenging task of valuing cryptoassets, offering the reader a solid headstart to investing in this new exciting asset class.”. You’ll learn about their colorful histories, how to apply fundamental valuation techniques, and practical tips to navigate the at-times turbulent markets.”. For curious minds who want to know about emerging technologies or even those who already have an understanding of blockchains, Chris and Jack leave no stone unturned. Chris Burniske and Jack Tatar steer the reader through a torrent of unknowns, illuminating the complicated world of cryptoassets and their underlying technology, which will more than likely become our generation’s most important innovation.”. “A must-read to appreciate the Bitcoin network effect and the wave of innovation that it launched through the community of people who played critical roles in creating all the distributed ecosystems that are transforming business models.”.
Reviews
Find Best Price at Amazon"They cover the good, bad, and ugly of bitcoin’s history and bring us into the present world of decentralized applications. The examples include bitcoin, Litecoin, Ripple, Dogecoin, Dash, Monero, Zcash, Ethereum, Auger, dApps in general. They paint a realistic picture of the landscape and give fair warning to those that may embark on a ride of the cryptoasset roller coaster. The authors provide an analysis and valuation framework that lays out the elements to look for and analyze when deciding on weather or not an investment would be worth it. I have added 2 pictures to the review to show you there is a lot of things you’ll want to recall as you go through your journey."
"It covers investment philosophy at the highest level along with the requisite technological understanding needed to get to grips on blockchain...a robust tech stack that has been obfuscated for far too long."
"If you are looking for a fundamental analysis system and more info on crypto before you get in, this is a book for you."
"By using the term "cryptoassets," the authors provide a better description of these new products that vary significantly in their use, purpose, design, and attributes."
"Whether you’re a traditional investor, a non-investor who’s interested in bitcoin, or an experienced financial professional who isn’t yet familiar with cryptocurrency, read “Cryptoassets: The Innovative Investor’s Guide.” It’s not only for investors—it’s for anyone who wants to learn more about cryptocurrency and blockchain. Chris Berniske and Jack Tatar do an excellent job telling the story behind many cryptocurrencies. Whether you’re an investor in cryptocurrency or not, chances are it’ll be disrupting a vertical near you."
Best Phenomenology
Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, and The Bed of Procrustes . Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. highly entertaining.” — The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . You finish the book feeling braver and uplifted.” — New Statesman “Antifragility isn’t just sound economic and political doctrine. Taleb sees degrees of antifragility everywhere, from fasting, mythology, and urban planning to economic, technological, cultural, and biological systems. Such skepticism toward elites, which imbued Taleb’s The Black Swan: The Impact of the Highly Improbable (2007), continues in this work, which grapples with a concept Taleb coins as “antifragile.” Not readily reducible to a definition (Taleb takes the whole book to develop the idea), suffice to say here that antifragile’s opposites—economic, political, or medical systems that are vulnerable to sudden collapse—tend to be managed by highly educated people who think they know how systems work. Emphatic in his style and convictions, Taleb grabs readers given to musing how the world works.
Reviews
Find Best Price at Amazon"The rest is an accumulation of more or less relevant topics, delivered in Taleb's trademarked seering, holier-than-thou, hero-or-moron style. Debt-fueled economies: debt has no flexibility, so these economies can't stand even a slowdown without risking implosion (cf current situation). Modern societies: efficiency demands are pushing the structures to the maximum, so a little sand in the cogs make the whole edifice totter. Touristification: turning adventures (kids growing up, people visiting foreign countries) from exciting, dangerous activities into bland, Disneyfied and safe ones. 1.2.3 Ways to be antifragile include: Stressors: it is healthy to be subject to some punctual stresses to awake the organism from complacency (e.g. irregular meal times, violent exercise or ingesting small amounts of poison). Barbell strategy: put 90% of your eggs into something super-safe and be very risk-seeking with the other 10% (swing for the fences). 1.2.4 For small troubles, better trust nature and do nothing than bring untested methods that can have tragic unforeseen consequence. Beware of neomania: don't embrace novelty for the sake of it. Stick to time-tested methods: what has stood the test of time has proved to be robust. Don't sweat the small stuff if it can lead to tragedy: radiation used to cure acne leading to leukemia, thalidomide prescribed to reduce morning sickness leading to malformed babies. 1.2.5 An antidote to the lack of accountability seen in the powerfuls who rule us (government officials, corporate honchos, bankers). Have them have skin in the game, i.e. to share in the downside of their decisions. In conclusion, this is an imperfect, overlong and often eye-roll-inducing book (as is usual for Taleb), but it presents an intriguing and original argument for the reader to chew on."
"A true gem that reflects the flaws of modern thinking, forcing the reader to view instead the ancient vision of wisdom that comes from via negativa, a method of reducing uncertainty by removing that which is fake, flawed or fluff."
"And that practice should embrace the inherent variation of the modern world."
"The problem with this position is one of being paradoxical to emergence....there are many "paradigm shifts" (see Kuhn's book "The Structure of Scientific Revolutions" if you are unfamiliar- it is a vital concept for this topic) where we do not see the "black swan" until it has occured and radically changed the playing field. I have issues with a conflict of concepts where the old paradigm (the ancient, and often the "antifragile") is shattered by the black swan event (paradigm shift) which replaces the old with a new, likely antifragile construct. This paradox plays throughout Taleb's book, unlike "The Black Swan" where there is no significant paradox in logic."
Best Phenomenological Philosophy
Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, and The Bed of Procrustes . Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. highly entertaining.” — The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . You finish the book feeling braver and uplifted.” — New Statesman “Antifragility isn’t just sound economic and political doctrine. As comical as Taleb's rough handling of his favorite targets can be--academics, economists, and tourists, to name a few--his argumentative style boasts gaping holes, non sequiturs aplenty, and at times an almost willfully repugnant tone.
Reviews
Find Best Price at Amazon"The rest is an accumulation of more or less relevant topics, delivered in Taleb's trademarked seering, holier-than-thou, hero-or-moron style. Debt-fueled economies: debt has no flexibility, so these economies can't stand even a slowdown without risking implosion (cf current situation). Modern societies: efficiency demands are pushing the structures to the maximum, so a little sand in the cogs make the whole edifice totter. Touristification: turning adventures (kids growing up, people visiting foreign countries) from exciting, dangerous activities into bland, Disneyfied and safe ones. 1.2.3 Ways to be antifragile include: Stressors: it is healthy to be subject to some punctual stresses to awake the organism from complacency (e.g. irregular meal times, violent exercise or ingesting small amounts of poison). Barbell strategy: put 90% of your eggs into something super-safe and be very risk-seeking with the other 10% (swing for the fences). 1.2.4 For small troubles, better trust nature and do nothing than bring untested methods that can have tragic unforeseen consequence. Beware of neomania: don't embrace novelty for the sake of it. Stick to time-tested methods: what has stood the test of time has proved to be robust. Don't sweat the small stuff if it can lead to tragedy: radiation used to cure acne leading to leukemia, thalidomide prescribed to reduce morning sickness leading to malformed babies. 1.2.5 An antidote to the lack of accountability seen in the powerfuls who rule us (government officials, corporate honchos, bankers). Have them have skin in the game, i.e. to share in the downside of their decisions. In conclusion, this is an imperfect, overlong and often eye-roll-inducing book (as is usual for Taleb), but it presents an intriguing and original argument for the reader to chew on."
"NNT writes about when he used to attend MBA, he tells the story about a professor that was teaching him about financial options, and NNT realized he did not even knew that much about options, because the professor thought there where only financial options, but NNT grasped the generality of the idea."
"Antifragile was intellectually stimulating and thought provoking."
"What Taleb expounds upon actually transcends and goes beyond just the financial markets and into many critical facets of life itself (most notably, medical treatments and practice)."
"To me that makes the book worth it."
"I recommend this book go all the managers; you think to know how things go, you think to have everything under control, if you think that you see were you are driving your business, after reading this book will probably change your mind."
"It's not an easy read, but it was excellent."
Best Bonds Investing
In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in EconomicsA New York Times Bestseller. Winner of the 2000 Commonfund Prize for the Best Contribution to Endowment Management Research. has done more than any other economist of his generation to document the less rational aspects of financial markets." Shiller ranges widely his explanations, laying them out in the first 168 pages in easy-to-read, sometimes passionate prose. --Louis Uchitelle, New York Times Book Review. [I]t presents a message investors would be wise to head: Make sure your portfolio is adequately diversified. Save more and don't count on double-digit gains of the past decades continuing to bail you out during retirement." "Although its message may be unwelcome to many, this important book should be read by anyone interested in economics or the stock markets." "Shiller contends that investor psychology is so given to herd behavior that it's almost impossible to manipulate or even influence.
Reviews
Find Best Price at Amazon"The second edition, in 2005, added an analysis of the real estate bubble as similar to the stock market bubble that preceded it, and warned that "Significant further rises in these markets could lead, eventually, to even more significant declines." The good news is that, while Professor Shiller says that returns in all asset classes are likely to be subpar for some years given today's elevated asset prices, the mood is less somber than in previous editions, and there are no warnings of imminent doom, as in previous editions. In particular, he does not see a classic "bubble" in bonds, due to the lack of "exuberance" -- prices for bonds are being bid up reluctantly by investors, he says, which is not the formula for a bubble."
"As what he has to say runs counter to most of what passes for wisdom regarding the selling and buying of homes it's important for most households to consider what he has to say."
"Extraordinary summarization of key fundamental financial data on market performance utilizing an appropriate time horizon for the real creation and destruction of wealth as the sum of many decisions over a decade or longer period(s) in businesses, rather than the useless chatter provided in most market analysis."
"If you are interested in Behavioral Economics then I recommend Daniel Kahneman's Thinking Fast and Slow, Richard Thaler's Misbehaving, and this book."
"Anyway, if you are interested in reading non-mainstream economics, this book is for you."
"The author first mentioned the twelve precipitating factors. for a bubble. "New-era thinking' was another reason bubbles formed."
"written in 2005 but many suggestions are still relevant, especially his calculation of the P/E ratio (adjusted by his formula) of the the S&P 500."
"One of the best economic books I've ever read."
Best Mutual Funds Investing
Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a “Backdoor Roth IRA” and “Stealth IRA” to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation. “Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research.” – William J. Bernstein, MD , Author of The Investor’s Manifesto and seven other investing books. As a medical resident, he grew tired of being ripped off by unscrupulous financial professionals including mutual fund salesmen, insurance agents, realtors, mortgage lenders, and stock brokers and began educating himself on the ins and outs of personal finance and investing. Now he shares his wisdom with medical students, residents, physicians, dentists and similar high income professionals so they can free themselves from debt, quit worrying about money, build wealth, live “the good life,” and get back to practicing medicine on their own terms.
Reviews
Find Best Price at Amazon"All premed students should read this book!"
"this book is pretty simple but it does a good job of introducing key concepts and providing insight into the specific financial pressures of healthcare."
"Unfortunately, physicians and high-income professionals can be susceptible to unscrupulous sales tactics due to a lack of financial education and money management."
"Seems to be a must-read for physicians in investing."
"As described on the whitecoatinvestor.com, this book is a great introduction for those of you interested in getting up to speed on the basics."
"Definitely recommend this book to medical/dental students."
"I really appreciate how this book focuses on how you can really mess things up, and how to avoid doing those things."
"A great overview of personal (& some business) finances and investing, especially for physicians."
Best Investing Basics
In Rich Dad Poor Dad, the #1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his poor dad,’ and the father of his best friend, the man who became his mentor and his rich dad.’ One man was well educated and an employee all his life, the other’s education was street smarts” over traditional classroom education and he took the path of entrepreneurship a road that led him to become one of the wealthiest men in Hawaii. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them").
Reviews
Find Best Price at Amazon"This is an enhanced reprint of the original, with additional study questions/ discussion and review added at the end of every chapter. Some key concepts of this book are: 1) Assets put money in your pocket even when you are on vacation. A great foundation book for beginning to improve your financial intelligence so that you don't work 4 or more month's of every year for the Tax man, more months for the banks that hold your mortgage and credit cards, and whatever is left making the company you work for wealthy."
"Read full summary of this book on my blog: imeducatingmyself.com/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not-by-robert-t-kiyosaki-book-review. Now, when I’ve read this book, I understand why this book got so many recommendation – it’s an excellent reading material. This book is also put my direction in another way, and that is section when it comes talking about assets and liabilities – I was more focused on how to afford myself a house in next coming years; but now, after I’ve read this book, I am more focused on getting things that are going to make me more money – Make Money Work For You, as it is said in book."
"Let your money work for you, if only that thought could be passed along in today's US education system."
"This is pretty good book for the absolute beginner into weath management."
"It only takes one great book to open your mind to something great and finally become someone that you truly want."
"It really got the juices flowing for me to use my brain, look at the bigger picture, and get out the rat race."
"This book has opened my mind to possibilities with money - That at some level I always knew existed but did not know where to start or how to use my mind to think about it."
"The content is easy to understand for people without a background in business and the book was is perfect condition when I got it."
Best Options Trading
The options investing bestseller--updated with new strategies to help generate income, hedge, speculate, and protect stock positions (and help with Series 7). Michael Sincere is the author of Understanding Options (McGraw-Hill, 2nd edition), All About Market Indicators (McGraw-Hill), Understanding Stocks (McGraw-Hill, 2nd Edition) Start Day Trading Now (Adams Media), and Predict the Next Bull or Bear Market and Win (Adams Media).
Reviews
Find Best Price at Amazon"I would like to emphasize, as other readers and the author have said, that you shouldn't be investing in options if you do not have experience with buying and selling individual stocks. If you do not understand what a good stock is, and how prices of stock move, then stay away from options and go buy a good stock book."
"I read Sincere's first edition of this book years ago - and never bothered much with options, Certainly not the more advanced strategies. This edition I bought electronic - easy to read and many links are included which make it nicer to move within the volume to various topics."
"I you are a newbee to option trading, this book will help you understand a topic that confuses many (option trading)."
"Well written and informative explaining the difficult concepts associated with trading options."
"You might understand options better by reading this book but do not think for a moment that, if you're new to the market and haven't yet mastered stock investing and trading, that for one second you'll get rich quick by reading this book. Overall, it is definitely one of the better books I have read (and I've read quite a few) on basic and fundamental options education."
"Effortless reading."
"A great book to options for beginners."
"It's a good book to have a general understanding of option trading."
Best Futures Trading
The options investing bestseller--updated with new strategies to help generate income, hedge, speculate, and protect stock positions (and help with Series 7). Michael Sincere is the author of Understanding Options (McGraw-Hill, 2nd edition), All About Market Indicators (McGraw-Hill), Understanding Stocks (McGraw-Hill, 2nd Edition) Start Day Trading Now (Adams Media), and Predict the Next Bull or Bear Market and Win (Adams Media).
Reviews
Find Best Price at Amazon"I read Sincere's first edition of this book years ago - and never bothered much with options, Certainly not the more advanced strategies. This edition I bought electronic - easy to read and many links are included which make it nicer to move within the volume to various topics."
"It's a good book to have a general understanding of option trading."
"This book was informative, author was somewhat conservative to write on options."
"Very good book to get your feet wet on Options."
"A good read for those interested in learning about options trading."
"Good book that offers some strategies besides explanations."
Best Commodities Trading
Bernstein pulls back the curtain to reveal what really goes on in today‘s financial industry as he outlines a simple program for building wealth while controlling risk.Straightforward in its presentation and generous in its real-life examples, The Four Pillars of Investing presents a no-nonsense discussion of: The art and science of mixing different asset classes into an effective blend The dangers of actively picking stocks, as opposed to investing in the whole market Behavioral finance and how state of mind can adversely affect decision making Reasons the mutual fund and brokerage industries, rather than your partners, are often your most direct competitors Strategies for managing all of your assets—savings, 401(k)s, home equity—as one portfolio Investing is not a destination. The Theory of Investing: “Do not expect high returns without risks.” The History of Investing: “About once every generation, the markets go barking mad. From the essential soundness of classic portfolio theory through the inherent wisdom of investing in multiple asset classes, The Four Pillars of Investing provides a distinctive blend of market history, investing theory, and behavioral finance to help you become a successful, self-sufficient investor.
Reviews
Find Best Price at Amazon"Money and time are the two things we struggle to manage."
"Bernstein takes extra effort to simplify the intimidating jargon of investing."
"I would recommend this book as a must read for anyone with a 401(k) or brokerage account."
"I consider this to be one of the top 4 books that every investor should read - including (perhaps especially) people who save via an IRA, 401(k) or any other long-term savings/investment plan."
"Best book on investing for the masses."
"A great book!"
"Insightful and well structured."
"On one page, fund managers are literally called Chimpanzees with a dartboard, then we are citing legendary fund manager XYZ on the next page, and then he goes down the rabbit hole of characterizing Warren Buffett and Peter Lynch as "lucky.""