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Book: Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell :: Robert Kiyosaki|Books :: Book
Date: Thursday, 08 January, 2009 :: 04:16
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Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell
List Price: USD $22.99
from USD $13.86
Product Group: book
Manufacturer: FT Press
Studio: FT Press
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Editorial Review: Product Description
"The author introduces an investing methodology with proven results and easily applied unequivocal decision making. Particularly impressive is the way he includes a selling discipline, not just a buying discipline. This book is a must for any concerned investor." Richard Arms, Analyst, Author, and Inventor of The Arms Index "This is one of the best new investing books of the decade: succinct, practical, and timeless. Built on a foundation of 40 years of market wisdom, it combines technical analysis and portfolio construction that is supported by excellent research. It should be required reading for everyone from new investors to the most sophisticated hedge fund managers." Linda Raschke, President, LBRGroup, Inc. "The author is an award winning Technical Analyst. In this book, he covers the basic principles, definitions, safeguards, pitfalls, and risks of investing. Believing in active management, he recognizes the benefits of multiple tools (fundamental and technical) and disciplines there-on, to construct a portfolio methodology with guidelines for both buying and selling, for maximum gain. This is a valuable book for any serious investor."Louise Yamada, Managing Director, Louise Yamada Technical Research Advisors, LLC. "In this book, Charles Kirkpatrick demonstrates just how powerful a tool relative strength is, deftly combining technical and fundamental analysis to produce a superior long-term approach. This isn't just theory, but the real-time work of a practitioner with an outstanding track record. For many years a small group of knowledgeable investors has known about this work, now you can too." John Bollinger, CFA, CMT, President, Bollinger Capital Management "The author presents a clearly written, time-tested formula for investor independence and success through applying relative price strength for stock selection and portfolio construction." Hank Pruden, Golden Gate University Over the past 25 years, Charles D. Kirkpatrick's exclusive stock-picking technique has outperformed the S&P 500's performance by a whopping 7.7 times. That's right: If you'd invested $10,000 in the S&P 500, you'd have $130,000 now...but if you'd followed Kirkpatrick's published picks, you'd have $1,000,000! If that's not amazing enough, Kirkpatrick's system is remarkably easy to use.In this book, he teaches you all you need to put it to work in your portfolio! Kirkpatrick reveals why an active strategy based on relative stock rankings is the surest route to profit, and how just a few pieces of publicly available information enable you to create rankings that virtually guarantee exceptional performance. You'll learn how to use his techniques to organize stocks into a portfolio that maximizes returns while reducing risk...uncover trigger points that tell you when to buy and sell...and systematically protect yourself against bad stocks and bad markets. *Why the conventional wisdom about investing is flat-out wrong What's wrong with diversification, "random walks," and the efficient markets hypothesis *Don't even try to predict the markets: you don't have to!Discover what the markets are actually doing: then react fast, with discipline *Invest the intelligent way: with "relatives" Measure what really matters: a stock's relative strength and growth compared with the rest *Start using the market's reliable investment triggers Recognize what to buy, what to sell, and when to make your moves *Mitigate the risks associated with broad market declines Intelligently decide when to move assets into cash
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Reviews:
Average Customer Review: 
Summary: Perfect for the individual investor
Date: 2008-12-30 -
Comment: Charles Kirkpatrick is one of a select few who provides individual investors a valid method to outperform the market. There is so much crap out there - from popular investing shows to investment advisors - all there to simply entertain you, or worse yet, to take your money. New stock market investors have a hard time grasping the fact that the market is not here to make them money, it is here to take their money. If you are going to successfully invest in individual stocks you must learn to play with the pros. You absolutely need a valid stock selection method and buy and sell rules. All of these are provided in this book. From a time investment vs. performance yield perspective this book ranks at the top of the list.
To implement the methods presented in this book the reader has a couple of simple choices. You can subscribe to the author's weekly newsletter for 195/yr (an incredible bargain), or if you prefer more of the DIY approach you can subscribe to a data source charting service, such as, High Growth Stock investor or Telechart. Either which way you will be using a method that puts you into winning stocks and gets you out when they start underperforming, locking in profits. Forget buy low sell high platitudes. You want to buy high and sell higher. You're almost certainly not going to outguess institutional money with their resources and researh teams, so don't play that game. Trying to do so is a low probability proposition for the average investor. Buying low also means buying stocks that the institutional investors find unattractive - that's a big clue. If institutional investors want a stock you want it because their large volume purchasing pushes the price up. If they don't want it you don't want it. It is as simple as that. The relative strength methods presented in this book will put you into stocks that institutional money is buying.
Are you an investor managing a brokerage account, IRA or 401k, but don't know much about how to make money in indivual stocks and are afraid to learn? Are you stuck in mutual funds and tired of their fees and lackluster performance? Are you willing to do just a little work on weekends to adjust your portfolio? This book is perfect for you.
1 of 1 people found the following review helpful:
Summary: Excellent Book and Methodology !
Date: 2008-12-21 -
Comment: I've read a lot of investment/trading books over the years and this one is at the top. Do not let the 156 pages and $15 price tag fool you. This book, IMO is more important and valuable than many books 3 times as much and 5 times the size. There is a wealth of information on each and every page by someone who has been in the business for over 40 years. If you are an investor or trader, I strongly recommend getting this book, you won't be dissapointed. The simplicity of the method is backed by years and years of research.
4 of 4 people found the following review helpful:
Summary: Excellent Methodology, Great Read, Duplicable Results
Date: 2008-10-22 -
Comment: The book is short ans succinct in describing his investment philosophy and methodology. Easy to understand and a quick read. I was able to duplicate his Bargain List results using a backtesting website called Portfolio123.com. Keep in mind that Kirkpatrick advocates the use of an overal portfolio filter to determine whether and how much you should be in the market. This is regardless what his stock screen is telling you to buy. Reason is his individual stock selection and disposition method, although will outperform the market over a cycle if fully invested at all times, can have some fearsome drawdowns in a short period of time when the overall market is in correction mode. This was borne out by my portfolio123 backtesting. So if you are sure the market is in a bull market, his methodology does really well. But you need to have portfolio-level risk management in place to control the losses.
3 of 3 people found the following review helpful:
Summary: Fantastic book
Date: 2008-10-18 -
Comment: This is arguably the best investment book I have read (and I read quite few). Very well written and right to the point. Original ideas and points of view can be found on every page. After reading several chapters I signed up to the author's newsletter and ordered his previous book "Technical Analysis: The Complete Resource for Financial Market Technicians". Looking forward to reading this one.
2 of 2 people found the following review helpful:
Summary: A rare find in the abundant population of investment literature
Date: 2008-09-26 -
Comment: This book is a rare find in the abundant population of investment literature. The author shares technical and strategic thoughts based on his vast experience, as well as providing a very precise and efficient system. Two points contribute to the value of this book. First, the author explains his system rationale based on both academic studies and his own personal research/experience. Second, the application of the system is provided with detail and precise indications on how to use it. Basically, the "why" and "how to" make the depth of this unique book. Highly recommended!
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Accessories:
Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market
Beating the Market, 3 Months at a Time: A Proven Investing Plan Everyone Can Use
Gene Marcial's 7 Commandments of Stock Investing
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