Stock-market

IT REALLY EXPLAINS IN AN EASY WAY ALL THE BASIC AND FUNDAMENTAL CONCEPTS ABOUT THE STOCK MARKET AND THE MOST POPULAR INVESTMENTS. IF YOU ARE A BEGINNER, IT SHOULD BE YOUR BOOK.

Sallie Mae, Freddie Mac, Investment grade, junk bonds, Moody's, averages, indexes, up-tick, supply and demand, coupons, convertibles, mutual funds, inflation, corporate structure, IPO's, OTC, volatility, types of trades, derivatives, financial statements, etc.

This book has everything. It is perfect for somebody who has started to dabble in stocks and is looking to become a little more sophisticated.

I will read this book multiple times and keep it as a desk reference. Everything is so organized right where you need it! It even gives you a few sentences of background to give you a feel for why things are the way they are. It explains where things got their names from. It is a GOOD BOOK.

I would not recommend this book for a total novice. It might be a little too much. But for somebody who has seen all these terms banging around for a while, this clears stuff up so much.

The organization is amazing. It just all fits together like never before.

Rod Davis shows how microeconomic, market and industry concepts interrelate and, eventually, how they affect the net wealth of each individual investor. This book nicely combines the big-picture approach with simple explanation of quantitative indicators/calculations. The stock market will not seem that much of puzzle to you after you've read this book.

Th author takes the day of the low point of the presnt bear market and shows you how to find it and how to evaluate all individual stocks on a daily basis to recomend or sell these stocks. One stock he recommended at $.86 has gone up to $28.00.
The book shows you what to look for on a daily bassis so you can establish profits and protect your gains.
The record shows you what the bottom looked like and how volital the market was.
I would recommend this for new as well as retiring investors.

The book, Wealth Forever, is a landmark achievement that will greatly benefit all investors who read and apply its lessons. If you only read one book about stock market investing in your life, make it this one.

Wealth Forever is a one volume encyclopedia of historical data, equity market theories, and common sense about investing that will teach you about any fact or idea you need to know while giving you the framework to apply the learning to your own investments. The book is rigorous while remaining accessible. If you can understand simple algebraic equations, you can comprehend everything within its pages. The book's many detailed footnotes will also lead you to other books and articles that display more on the same subject.

While each subject has to be highly condensed to get the essential points across, the authors did a marvelous job of being sure that important material was included. For instance, the discussions of the Capital Asset Pricing Model are preceded by stating the assumptions behind the model. Most people simply apply the model without realizing that its assumptions differ from the real world by a large degree.

In my consulting, I often work with the chief financial officers and treasurers for major companies. If you read this book, your understanding of the equity markets will exceed all but the most knowledgeable of those professionals. The reason I make that point is that there is a constant outpouring of new research testing theories about the equity markets. Most people simply apply what they learned in graduate school, and much of that information has now been disproved by more recent studies of the financial markets. Yet most people do not take the time to keep up-to-date.

I hope that this book will be universally adopted by corporate executives, professional and individual investors and by corporate finance students at both the undergraduate and graduate levels.

I only found two aspects of the book to be less than outstanding. First, a lot of the material in the first few chapters could probably have been better placed after chapter 10. It seems to be placing the cart before the horse to talk about opening brokerage accounts and how to read technical charts before describing the approach one should take with investing. Second, the book needed a little better proofreading. The obvious errors that remain undercut the book's credibility. Although I did not check out all of the equations in detail, those did seem correct. Some of them, however, are annoyingly chopped up in the printing. It's as though the equations were typed in one software format, and that format didn't work well for the typesetting. In the text, Peter Lynch is described as Peter Finch in one place, and Procter & Gamble is consistently spelled as "Proctor & Gamble." The time focus of the book's narrative about the markets veers back and forth between 1999 and 2003 in the text. Some of the material about 1999 is written as though the book ended there.

One of my favorite aspects of the book is that one set of evidence is used to help the reader understand all of the evidence. For example, there's a lengthy section looking at the apparent undervaluation of United Technologies that shows how one can assess such a subject, as well as the limitations of various stock valuation methods. Similarly, stock-trading strategies and their results are compared to index fund results so that readers can get a sense of the cost of information and trading compared to the benefits that can be achieved.

I came away, once again, confirmed in my view that index funds are a wonderful solution for almost all investors.

I was also reminded that we need to remain vigilant in being sure that our knowledge of important subjects is up-to-date. I hope the authors will bring out new editions of this book every five years or so.