Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Trump University. By GDL Multimedia.
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No comments about Donald Trump- Building a Fortune in Business, 16 Disc Set w/FREE Travel Case.
Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Liz Claman. By Hachette Audio.
The regular list price is $24.98.
Sells new for $15.48.
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5 comments about The Best Investment Advice I Ever Received: Priceless Wisdom from Warren Buffett, Jim Cramer, Suze Orman, Steve Forbes, and Dozens of Other Top Financial Experts.
- "Best Investment Advice I Ever Received" is a quick and easy read. It includes a lot of great advice offered by those who really know what they are talking about. Truly, these individuals have earned our respect. This is not a so-called great book. However, Liz Claman has put together a work that can be profitably read for five to ten minutes at a time. It easily deserves 4 3/4 stars out of 5.
- I was moving cross-country and this was one of several audiobooks I purchased for the trip. I'm not a newbie to this material so perhaps that is why I almost drove myself into a ditch with boredom. Probably best for someone who doesnt read the WSJ or watch CNBC on a regular basis.
- Dozens of authors means there is no developed coherent thought.
You could read this and you might find a few gems, but you'd find more in other works. Benjamin Graham can give you better insight into value investing, John Bogle has the sell on index funds, William Bernstein will give you the low-down on asset allocation, and Jim Cramer will do a better job introducing you to market psychology and the business cycle.
- This book provide many views on investments from many interesting people who are considered at the top of their games. It is an interesting read.
- Whoa! How will last week's turmoil on Wall Street affect your organization and your team members? Here's a simple idea to bless your staff. Every morning around the coffee pot or the water cooler, hold a stand-up check-in meeting of no more than 10 minutes.
After reviewing the day's priorities, read a page or a paragraph from this insightful book. Fast forward 10, 20 or 30 years. Many of your team members will be retired--if they have managed their investments prudently. Ask your staff how many hours they have invested in the last 12 months on learning about prudent money management practices?
You can help them prepare for retirement by adding several financial planning books to your resource library, including this one. The subtitle reads, "Priceless Wisdom from Warren Buffett, Jim Cramer, Suze Orman, Steve Forbes, and Dozens of Other Top Financial Experts."
With 20/20 hindsight almost a year after the publication of the paperback (November 2007), it's still revealing to read and discern the wisdom from these 65 business and financial experts.
* "It is startling to know that a $23,000 investment at birth, invested at a 6 percent annual interest rate, would grow to $1,015,334.35 at age sixty-five." (Paul O'Neill)
* "There was a wonderful money manager decades ago who said you should invest the way you play tennis. Unless you're a pro, just try to get the ball over the net. In investing, just try to get the ball over the net and let compounding interest do the rest." (Steve Forbes)
* "His advice was remarkably simple: Save. Save a lot and save often. One of the unique characteristics of Americans is that we generally don't realize that savings and consumption are mutually exclusive. You simply can't do both." (Richard Bernstein)
You'll find more wisdom in this quick-reading book. Buy it and your ROI could be stunning. It's a helpful resource to "The Budget Bucket," one of the 20 buckets in my book, Mastering The Management Buckets: 20 Critical Competencies for Leading Your Business or Non-profit.
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Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Lynnette Khalfani. By Advantage World Press.
Sells new for $29.95.
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5 comments about Zero Debt: The Ultimate Guide to Financial Freedom (Includes "How to Improve Your Credit and Manage Credit Cards Well" Audio CD).
- it may not be the best written book that I have read, but the basis of it is simple and easy to following. it gives you step by step ideas on ridding oneself of debt. the writer is successful in meeting the goals of this book
- Great book with a lot of good tips. The book helped me stay focus.
- The author paid off her debt by cashing in her $80,000 IRA and paid the rest off with her paycheck, interst and all. I don't have an $80k IRA or a Masters Degree or a job with a major tv network. If the system doesn't work for someone wealthy like her - then there really is something wrong! For the average middle class consumer though - who is maxed out on their credit cards - I find no relief in this book. Pretty much it says Just pay off your debt - double your payments even - find some way to make more money to do it. Why did she write a book? This doesn't tell me anything or help me in anyway.
- I have never read a book that has been dead on with reality. If anyone and I mean anyone wants to get out of debt and become well off this book will guide you there. However you better be ready to put your part in it to. I have read this book a few times just so that I wont wonder off into a spenders like I have done in the past. Lynette has guided and kept me on the track to success. YOU WILL NOT REGRET PURCHASING THIS BOOK!!!!
- Very good book. She has others - one geared toward college grads that I hear is good. Offers good practical advice, doesn't talk above you.
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Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Ken McElroy. By Hachette Audio.
The regular list price is $24.98.
Sells new for $12.87.
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2 comments about Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Rich Dad's Advisors).
- This is a detailed and brilliantly written piece of work that is going to help me move up to the next level and make millions! Thanks!
- I came across this book at Barnes & Nobles and since it was under the Rich Dad banner I gave it a shot. I liked the section of dispelling the myths of investing in multifamily units, i.e. "you gotta start small", and "you need the Midas Touch".
The author discusses several projects that he has worked on and breaks down the process into several key steps.
Truthfully, it's not a "be all, end all" book for apartment investing, but I liked the fact that he explained his methodlogy in a simple, easy to digest fashion.
I invest heavily in single family residences and tri/quad-plexes, since the rental market is hot(smokin' like Texas BBQ) and sellers are deeding me houses at a rate of 5 per week. Apartment buying in this market AND for the forseeable future is going to be the next big thing.
You need to seriously educate yourself about this subject.
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Posted in Investing Audio (Tuesday, December 2, 2008)
By Crosswind PM Inc..
The regular list price is $34.95.
Sells new for $19.95.
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No comments about PMP Exam Success Series: Terminology and Processes MP3 Audio CD.
Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Test. By The Artist's Way (A Spiritual Path to Higher Creat.
The regular list price is $12.50.
Sells new for $14.76.
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5 comments about The Artist's Way: A Spiritual Path to Higher Creativity.
- Julia Cameron's book was the reason I've been able to create plays, acting jobs! I can only say this: IT WORKS! I'm living proof! For anyone who is blocked, these tools used over years creates a strong powerful base upon which to create work!The Green Room
- Just get it.
The first chapter as I remember was a little bit boring for me and when I start complaining to my friend, she told me :"Just read it."
And that was the best advice she ever gave me.
I gained a lot of self-confidence as an artist and person, came to conclusion in a lot of things that bothered me for a long time, it truly gave me a peace of mind.
So, for you, my friend:"Just ge-e-et it".
- This is my second copy of this book. I've worn one out already. I cannot recommend this book strongly enough. It is life altering!
- I can't even explain how much change I've made in my life since reading this book. Julia Cameron says things that every artist wants to hear. The main things I've taken from this book are Morning Pages, Artist Dates and going on walks - those three simple things have totally centered me. I wasn't even necessarily diligent with all the other worksheets.
Even if you don't care to increase your creativity, it will help anyone to live life!
- I borrowed the original from a friend and worked with it a couple of years ago. I bought the tenth anniversary edition because this year I was determined to get beyond my midlife crisis and I couldn't find this book in the library. Of course I saw the related titles in Amazon.com, and looked them up. I kind of wish Amazon and other online stores had a discreet way of indicating the order of the titles in a series. I immediately gravitated to Vein of Gold, and started to use it, but now I am in a class that is based on Walking This World. I can't do both at the same time, so I'm concentrating on the class. Artist's Way is an excellent introduction.
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Posted in Investing Audio (Tuesday, December 2, 2008)
By Brilliance Audio on CD Unabridged.
The regular list price is $29.99.
Sells new for $18.68.
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No comments about Rich Woman: A Book on Investing for Women.
Posted in Investing Audio (Tuesday, December 2, 2008)
Written by James E. Lukaszewski; ABC; APR; Fellow PRSA; CCEP. By The Lukaszewski Group Inc..
Sells new for $10.00.
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No comments about How to Develop the Mind of a Strategist and Become a Trusted Advisor.
Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Jim Rogers. By Tantor Media.
The regular list price is $19.99.
Sells new for $11.46.
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5 comments about A Bull in China: Investing Profitably in the World's Greatest Market.
- As a professional in the investment business I highly recommend this book. I will sum it up in a few words. A book that all CEOs, World Leaders and anyone serious about understanding the positioning of the United States in the decades to come. A fascinating book written by an intriguing person, the combination equals a must read.
- I agree with Jim Rogers. China is way too important for investors to ignore. China is growing fast and they are here to stay and perhaps are on their way to become the next great world power. But I found Rogers' book very flimsy. If you are unfamiliar with the changes in China, there are many other better books that can help you to better understand the changes. If you already know about these changes, then this book adds hardly anything. Book is also poorly organized. One minute he can be talking about the different dynasties or the cultural revolution, the next minute he talks about the newest companies in different industries.
From an investor's perspective, it gives you some information about various companies and types of shares (ie: A shares, H shares, etc.). There is no depth though. There are lists of companies in various industries, but Rogers provides hardly any information. He also does not teach you how to find out more about these companies and regulations that might affect investors. For example there are no answers to important questions like: Does China have anything analogous to SEC, GAAP? Where can we get financial statements on companies listed in Shanghai stock exchange? What is executive compensation like? Etc.
If you are thinking about investing in China then it is important to understand their culture, politics and recent business environment and Rogers tries to provide readers with some basic material here, but the lack of depth or new insights make this book not worthwhile. Here are some other books that I recommend:
China Wakes (a little outdated but still very important)
China Road
Wild Swans
- 1. The Chinese saving and investment rate exceeds 35 percent among its 1.3 billion people.
2. There is room for upward growth in Chinese industry, including power and energy, tourism and media, agriculture, infrastructure, and high tech.
3. American Depositary Receipts is a way for Americans to invest in China.
4. Changes in regulation, reduction of tariffs, and the promise of greater market access for foreign first are beginning to shape competition in fields like banking, media, and telecommunications.
5. Commodities will be a way to profit from China's expansion. Owing a piece of the things that china's hot economy simply can't do without guarantees less need to worry about governments, management, or pension funds.
6. In 2006, China attracted $70 billion in foreign investment and brought their foreign currency reserves about $1.3 trillion.
7. Do you want to profit from increased purchasing power of the biggest middle class the world has ever seen?
8. Huawei Technologies sold 1.5 million notebooks in 2006.
9. Lenovo Group (LNVGY) caters to 160 countries and 2006 revenues reached $1.3 billion
10. China Spacesat (SHA) has increased orders for smaller satellites.
11. Shanghai Aerospace Automobile Electromechanical engages in military and civilian work, makes satellite-data-receiving equipment, auto parts, battery panels, and solar battery panels.
12. 2006, there are 137 million internet user in China and 76% have high speed internet. There are eighty million bloggers. Shanda Interactive Entertainment (SNDA) claims 2.29 million active accounts.
13. China has a baseball league, the CBL, Basketball (CBA), football (CSL).
14. 2006, China had sixty million credit card owners. 2009, the banks break even and by 2013, they are $1.3 billion in the black.
15. 2006, there were 440 million mobile phone services and another 48 million expect to join by 2007. China Mobile is the largest cell phone operator with 300 million subscribers.
16. Keeping holdings in the Chinese Yuan, or renminbi, may be a relatively safe way to hitch an upward ride on China's growth.
17. It is reasonable to expect a 300 to 500 percent rise against the debt ridden US dollar over the next twenty years.
18. In 2005, there were an estimated 510,000 public disputes across China, a sign that some forms of protests are being allowed. Will the turmoil rise to the point where it would seriously affect the business and investment climate?
19. Three reason why China's economy will flourish: a. rural dwellers replenishing aging labor b. corruption is comparable to Asian tigers c. foreign companies will invest to solve China's environmental problems.
20. There are 110 million Chinese carriers of hepatitis B and C.
21. Will China float its currency freely. The yuan levels against the dollar are increasingly strong. Will the higher valuations on the yuan cripple Chinese exports? Foreign investment and Chinese innovation should sustain demand for higher quality Chinese products, a similar cycle that the Japanese import/export cycle experienced in the 70s/80s/90s.
22. Is China heading for a "hard landing" as the Chinese government struggles to control growth. China's growth may not be strongly tied to US economics. In 1997, during the Asian financial crisis, China's market soared 38 percent. In 2000, as the US internet bubble burst, China's economy surged forward 49 percent. The US imports are not the only influence in China. Much of China's growth has been internal and stimulated by domestic demand. Because China is a country with high savings, a stock crash won't have the same impact on capital for expansion. Chinese companies have plenty of places other than the stock market for cash.
23. 2006, sixty-five million investment accounts or 10 percent of the population of China, grow from nothing.
24. What are the biggest challenges facing China? Excess liquidity, balooning credit, an asset boom and over-investment in loss-making heavy industries. All factors in Japan's downturn through the 80s.
25. In 2006, China produced 50 percent of the cameras, 30 percent of the worlds air conditioners, and 40 percent of the microwaves sold in Europe.
26. In 2005, 98 percent of villages were electrified and the second largest consumer of electricity in the world. By the end of the 1990s, the Chinese central government controlled less than 50 percent of the power production. The Big five include China Datang Corp, China Power Investment Corp, China Huaneng Group, China Guodian Corp, and China Huadian Corp.
27. China needs $2 trillion in electricity infrastructure between 2001 and 2030. In China, coal accounts for 70% of the electricity capacity. In 2007, China became a net importer of Coal.
28. China will reach US oil consumption of 20 million barrels a day within twenty years. China imports 3.5 million barrel/day of oil. Chinese oil refineries are among the best-managed enterprises. Due to price control, China ranks with the US among the countries with the lowest gas prices. The Chinese governments have been will to let gas prices rise to regulate use and allow Chinese oil companies to stay profitable. Chinese oil companies boost exports of diesel to take advantage of better prices on the world market.
29. The Chinese government plans on spending $200 billion on renewable energy.
30. China ranks number one in world farm output. China has a rural population of 940 million. China's farm production remains relatively unproductive. A single US farm hand works 140 acres and is 200 times more productive than his Chinese counterpart, who works one acre. China plans on a $42 billion investment in agrarian infrastructure: more efficient irrigation systems, retail markets, and e-commerce.
31. Between 2000 and 2004, China jumped from nineth to fourth in world agricultural exports by emphasizing products they have a comparative advantage: a half pound peach, fuji apples, Chinese Walnuts, mushrooms, garlic, Christmas trees, Mandrin Oranges, and strawberries.
- As a big Jim Rogers fan, I am amazed to find myself giving his book a 1 star rating. While his first 3 books were excellent, this book should never have been published.
The book gives a cursory rehash of the "China is the next great super power" argument (which I believe is true) and then just gives long lists of random Chinese stocks with short and shallow rambles in between stock lists.
The book makes it clear that the listed stocks are not recommended stocks, just a long list of all the Chinese stocks that the author could come up with. It's obvious that no research was done on the stocks listed and most have no more than 1 paragraph on them describing what they do.
- Anytime someone makes you a lot of money, you tend to become a fan. And so I am a fan of Jim Rogers. I believe this man makes a lot of sense when he talks economics. I learned this by reading his earlier books about driving around the world. He admits to being a lousy trader. But he is great at looking at the big picture and investing according.
He made me money with an earlier book, Hot Commodities, which I had for four years before I invested in commodities. If I had invested when I first read the book, I would be retired 2 or 3 times over. Even though commodities have taken a huge tumble lately the bull market is not over yet and they will make me more money.
But this book is about the money that can be made in China. If you watched the 2008 Olympics you saw a new China. The reports from China are amazing. The growth, the production, the consumption, and everything about China is not just super-sized, it's gigantic-sized. With three stock exchanges, close to double digit GDP growth every year, and the largest financial reserves, there is plenty of opportunity here.
I am writing this review to help you decide if you should buy this book or not. I hope this review helps. If you want to read more of my reviews of stock trading and investment book, you can get them at www.thetradingtipster.com.
Another reviewer has already painstakingly detailed the book chapter by chapter. My takeaway is that if you are looking for places to invest, then get this book. It explains why China is growing and why it will continue to grow. This book also breaks down all the sectors of the economy. Everything from travel to agriculture to the Chinese space program is discusses and dissected in easy to understand language. Dozens of companies are also listed with brief descriptions of each. The descriptions are good because you get a sense of what if happening in China, but for the average American investor most of these companies cannot be invested in.
But even if you only focus on Chinese companies listed on NYSE and NASDAQ or get into the Chinese Market ETF (FXI) you can still make a nice long term gain. The author stresses that investing in China is a long term process with ups and many downs along the way. He does not recommend any company in the book, he only mentions them to give the reader a broad understanding.
If you want to know what's going on in China and profit from it, from a man who knows how to make money, this book is a great place to start. It opened my eyes to China when I first read it and am patiently waiting for an opportunity to invest in the largest bull market of our lifetime. The author compares China to the Wild West of America. Lots of money to be made, but you have to be careful.
By looking at the trends in the US market and what is going on around the world, it makes sense to reason that investments for the next few decades will probably get a higher return in places like China than in the US. Even if you don't agree with me on this point, you will probably agree that diversifying by investing in China is not a bad idea. And if you believe that then this book will help.
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Posted in Investing Audio (Tuesday, December 2, 2008)
Written by Alan S. Farley. By American Media International.
The regular list price is $28.00.
Sells new for $19.65.
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5 comments about The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities.
- The book feels like Farley is trying too hard too impress, instead of to truly educate. A few good insights, but buried beneath the weight of all those self-important words.
- A lot of people seem to love or hate this book, and I am without question in the love this book category. I have been in the market for many years, and I can say without hesitation that this book is the most advanced and thorough study of trading psychology and tactics ever written. If there's a better one out there, I've never seen it (and I've read hundreds of them).
This is not a beginners book. This is a book for people who have at least a couple of years experience trading and investing actively in the market. I don't mean someone who has a few mutual funds or a stock or two they just hold; I mean someone who follows the market closely day in and day out and has felt the fear, panic, and greed that comes from buying and selling in real time on a regular basis. If you're one of those people then this book is for you. If not, then you should look into something a little less advanced and come back to it in the future.
It was clear to me even after a couple of chapters that the author really knew what he was talking about and had advanced experience. I think many people have been frustrated by this book because they were either too inexperienced to understand it fully or because they were confused by the author's deeply intuitive writing style. Myers-Briggs intuitive types (N's) will feel instantly at home with this, but sensory types (S's) will have a hard time with it because he writes about the deeper meaning behind patterns and movements rather than the obvious visual aspects that are the focus of most books on trading. If you are someone who thinks deeply and looks for the deeper meaning of things then you'll probably like the style of this book. If you are not, then it might not be for you. I am an intuitive N, and I recommend it to others like me without hesitation. It's the equivalent of a capstone course in a master's degree program in trading.
- The Master Swing Trader is not for beginners, and is a difficult read from cover to cover. But I constantly refer to mine, and I have it highlighted throughout with the margins all marked up. It is very technical but also very thorough. More than any other book this one is responsible for my quest for perfection in my trading systems.
David Colletti
Founder
StockTradersHQ.com
- I have read this book close to three times. Its pages are now worn from use and travel. It is the single book to which I attribute the majority of my market knowledge and trading success. I have since used my trading record to become an investment adviser utilizing only the techniques found here. In truth, I have also created my own money management system as a framework for capitalizing on Farley's directional insights.
This book, when I first read it, was not very appealing. I wanted something that could predict the market, not something that would tell me to wait and wait and wait until conditions were right. I didn't want to have to plan for opportunity and then strike if- and only if- price action developed according to my plan. I didn't want to do any of this until trading losses inspired me to enjoy making money over being excited about making a trade.
Since then I have returned to the book and read most parts twice over. Farley's patterns can be applied to any market environment, because they don't have too much overlap (that is, there's always a set of patterns available for any possible market environment). Therefore, first identify the general market conditions (1st section of the book dedicated to this), then identify which of his '7 Bells' fits that market environment (2nd part of book dedicated to these), and then perform the trade if and only if conditions are favorable (3rd part of book..). Take profits and losses readily. The markets have noise. Perfectly good setups will go up in smoke sometimes. Know your 'edge' and risk only the right amount of capital to take advantage of it (I did have to develop a system myself for this part as Farley does not cover it).
So, that is my review. The Master Swing Trader is a seminal work on swing trading that should not be taken lightly and most definitely not derided as "too complex". Yes, if it's hard, come back later with more trading experience. I consider this book to be the Be-All-End-All of trading books, and it reminds me of my senior-level Electromagnetic Engineering courses in college. Looking at that book in the first days of my study would have frightened me (just glance at a 'Smith Chart' in Google Images if you don't believe me). But after time, I realize that the concepts in that book were not too complicated and were in reality very practical and extremely useful. So, too, with Farley's masterpiece.
Ryan Sanden
Investment Analyst,
Northwestern Mutual Financial Network
- This is a great book and I'm buying it for the second time as the other is packed away in another country somewhere. Farley is awesome. If you don't like the book, you simply don't get it. If you're lame enough to complain about it on here you've got an ego problem, or it was just over your head. If you're serious about trading its a must read. Thanks Alan. I hope someday to meet you in person and thank you personally. Happy Trading!
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