5 comments about The Compleat Day Trader: Trading Systems, Strategies, Timing Indicators and Analytical Methods.

1. One of the most difficult things involving the markets, regardless of what you trade is timing.With this book, Jake not only gives you suggestions for timing indicators, but he also gives you some strategies to follow and shows real time examples which are clear and very detailed. In this book, Jake share his extensive knowledge about systems, strategies, technical indicators, and trading systems. I have purchased many trading books and this one is CRITICAL for your success as a trader. One more point that I wish for potential traders to consider is the source. Jake Bernstein has been involved in commodities and futures trading for 25 years. He brings real trading experience to the table. He does not promise you guaranteed results are a "pot of gold" under the rainbow. What he does give you is the information that you will need to be successful, REGARDLESS of the time frame you are trading. Also, he is available for you. I recently e-mailed him with a question from the book and I received a detailed explanation from him the very next day! I challenge you to find any author who will do that! Good luck and good trading!



2. Most books for "day traders" are so general that their techniques and advice can be successfully used by swing-traders (those who keep stocks for several days), and even by longer-term investors. This one is different. The author, Jake Bernstein, strongly advocates real day trading, when no securities ever kept overnight. Therefore, his techniques are usable for very short term trading only.

   The advantage of this book is that it has very little general rhetoric and comes straight to the point, that is to the techniques which the author finds profitable. Basically, 90% of the book is about the use of technical indicators (such as various moving averages and oscillators) to determine potentially profitable entry and exit points. The topics discussed in particular detailed manner are the use of moving averages, stochastic indicator, moving average channel (MAC), relative strength index (RSI), momentum, and techniques for trading of opening gaps. The author also suggests several oscillators of his own. However, despite the simplicity of these indicators, one has to own software such as Omega Research Trade Station to calculate and plot these home-made oscillators in real time, or write a program yourself. There are also several chapters applicable to futures only (actually, the whole book is about trading in the futures market, but 95% of techniques are equally applicable to stocks).

   The great advantage of the book is that it is very specific, clearly illustrated, and gives plenty of detailed technical advice and a number of potentially profitable trading techniques. Be advised, however, that those who are interested in trading but do not have enough capital to take profits from half-a-tick changes (and I, too, belong to this group) cannot really take advantage of this book. No trend and no trade longer than a few hours is discussed there! Therefore, this book is for the serious day traders, and only for them. If you are a day trader, this book is a must; if you are not, do not bother buying it but rather consider other options, e.g., the excellent book "How to get started in electronic day trading" by D.S.Nassar which is good for traders on any time frame.




3. Trading especially short term trading need great concentration and a full-time commitment. Professional traders write few or no book.

   Mr. Bernstein's books and articles are everywhere. Sometimes I came across his publications, I scanned through a few pages to see what he had to say about trading. Mr. Bernstein makes statements which are generally safe and easy to say. For example, I read his article the other day. He tells the readers "Do your homework.", "The trend is your friend." etc. Of course, these are the common rules for traders. But what are the concrete steps to implement these rules in the real-life situation? Well, I could hardly find any. On the other hand, he stated in that article: "...I maintain that a good trader can make any system works." I found this statement unprofessional and phony. The reasons:

   1. Many systems on the market are just trash and can not be used at all.

   2. Good traders wouldn't pick up any system and risk their money with it. Good traders are very selective and only trade a few systems that have proven record and are suitable for their individual styles.

   I found similar problems in other works by Mr. Bernstein. Should I bother to buy this book? No, thanks.

   I have read books from many different writers and have more than 10 year active trading experience. So I know something.

   A few tips(IMO) for choosing good books on trading:

   1. Only a small percentage of books on the market are good or great.

   2. Popular books are not necessary good books. If you automatically think so, you've probably fallen into "Herd mentality" thinking.

   3. Trading is a bottom line business. Find books written by traders who had proven long-term(5 year or more) successful trading records. They are the ones "know how".

   4. Be wary of the authors who write many trading books.

   Good luck.




4. Take my word for it and save your money, the techniques in this book simply do not work!



5. The book is good if you want to depend on technical strategies to make money day trading.
   
   The stock market is always presenting us with trading opportunities that don't neccesarily have to do anything with technical analisys.
   
   As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is simple and practical. Complicated technical systems will always make you slow in your decision making process or confuse you right from the start.
   
   There are very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Stress Free Traders ( StressFreeTraders com)
   
   They focus on short term day trading strategies that can help you pick and approach momentum stocks while reducing your trading risk.
   
   All in all, day trading is all about picking the best stock opportunities and deciding when to buy and when to sell with ease and simplicity. Once you learn to master your trading decisions, you can aspire to obtain consistent profitable results.

5 comments about How the Economy Works: An Investor's Guide to Tracking the Economy (How the Economy Works).

1. A big problem with this book is the title. The book should have been titled "An Introduction to Economic Data that Impact Investments".

   The unstated premise of this book is that you must understand and follow scores of economic indexes to make profitable investments. If you agree with that premise, this book is for you.

   I tend to think that making money on the stock/bond markets requires more than just understanding economics. Whatever that is, you will not find it in this book.




2. The average person does not know much about the U.S. economy, even though they are connected to it everyday. Mr. Mennis' book, How the Economy Works, takes this complex subject down to the average readers skill, and takes them step by step through each aspect of it. I was galvanised by the way Mennis used graphs and charts to back up his text. It was very refreshing to see this, because in school, they explain, but never show you how it works in life. If you want to major in business this would be a great book for you. Mr. Mennis tells about starting up a new business and how to work the stock market, so it doesn't work you. Mennis believes that the five best ideas for understanding investments are listing specific goals, how to meet these goals, set an absolute rate of return so you can see it your goal is realistic, a time in which to measure your results and to determine the risks involved before getting into a situation you can't get out of. If you still want more info buy the book, it's a great way to learn about the U.S. Economy.



3. Most of the data in this book ends no later than 1998, so shows everything trending merrily upward. Not the author's fault, of course, and you could update it yourself if you've got lots of free time, a highbandwidth Internet connection, access to an excellent library and money for some subscriptions. Otherwise, an update to show the bubble and bust would be most helpful.

   But a good book to read if looking for a start at understanding the sources of and connections between the various economic indices and data that are so glibly thrown about in both the popular and financial media.




4. This is an excellent book for those beginning a study of real world economics. There are plenty of charts and clear explanations of how the Economy's pieces fit together. I have used it in several courses and can report that my students have found it very helpful.



5. I was not very impressed with this book. My background is that I am familiar with stock market basics but needed a better understanding of how economic indicators that are often reported in the Wall Street Journal play into the stock market. For instance, people seem to write a lot about the jobs report and I never understood all of the ramifications of this indicator. How the Economy Works doesn't say anything about the jobs report.
   
   The descriptions of various aspects of the economy weren't documented as thoroughly as I would have liked either. As a specific example of this, I was familiar with the basic idea of GDP but didn't understand all of the details. How the Economy Works broke down the components that make up the GDP but did not explain why certain components were necessary, such as "changes in business inventory." In other words, what was the rationale for including changes in business inventory as a component of the GDP? You would never find out by reading this book. You would only know it's in there. I didn't find my economic confusion cleared up very much with this book.
   
   I later purchased The Secrets of Economic Indicators (ISBN: 0-13-145501-X) from Amazon and found this book much more clear, factual, and in depth. In chapter 3 they covered the jobs report as "the most eagerly awaited news on the economy". The GDP description was very clear in comparison to How the Economy Works, and much more thorough.
   
   My recommendation would be to go with another book if you are interested in really understanding the various aspects of the economy. However, How the Economy Works might be useful for people who feel overwhelmed and just need a good overview of the different aspects of the economy.

4 comments about The Neatest Little Guide to Mutual Fund Investing.

1. I had read many investment books prior to Mr. Kelly's and only gained a modicum of diverse knowledge regarding the structure and function of mutual funds. Because of his suggestions, I literally fired my broker--I know as much as the broker does regarding betas, alphas, deviations, etc. Indeed, a scary feeling. For those whose broker is making the profits, I highly recommend this book



2. Reading this book is the easiest and most time-saving way to learn about mutual funds. If you want a quick introduction to mutual funds which is funny and to the point this book is definitely for you.



3. this book has to be the simplest and easiest to read investing book ever written. Because of its brevity and straightforward manner, it can be read by any neophyte investor in a short period of time. GOOD LUCK!



4. I have been reading quite a few introductory books in Mutual Fund Investing, and I found this book gave the most comprehensive coverage with minimum reading. Besides, it also gave a lot of good tips and useful references (books, magazines and web sites). If you want to get a good overview on mutual fund investment, then this book is certainly a good start.

1 comments about Public Economics.

1. This is a solid treatment of public economic theory as it has developed since the work of Samuelson. The book starts by developing the general equilibrium approach to studying public economics and proceeds to relax assumptions and introduce new ideas. Most big topics in public econ are treated to some extent.

   The book is aimed at graduate students or advanced undergrads. For the latter use one would really require supplementary material introducing some major empirical trends in public finance, unless the students have had it already.

   The flipside of the breadth of the book is that its depth is limited on some important topics. Naturally different people have different beliefs about the appropriate stress, but incomplete information in particular received nowhere near the treatment it should have. There's some mention, and naturally some comes through in the treatment of optimal taxation, but it's not enough to enable someone to make any sense of the many and important results treating public econ from a mechanism design standpoint, which is a reasonable goal for a book like this. Bayesian equilibrium is not even formally defined. Laffont's text _Fundamentals of Public Economics_ has some more emphasis on this (his _Economics of Information and Uncertainty_ has even more, though not specifically from a public econ perspective). Chapter 6 of Myerson's _Game Theory_ and chapter 7 of Fudenberg & Tirole's _Game Theory_ may be useful supplements also.

5 comments about Futures, Options, and Swaps.

1. Got many books on derivatives, but Kolb's is my favourite one. He covers the topic in a slightly less quantitative way than Hull does and goes straight to all the different derivatives while avoiding any further explanations like Ito's Lemma etc. I especially liked the part on swaps with many examples like flavoured swaps or equity swaps. Nevertheless, if you're looking for a good software, than I would recommend The Complete Guide to Option Pricing Formulas (build on Excel VBA).



2. Many of us ended up with this book on the shelf because it was recommended by the AIMR for the CFA course. This book was so badly edited that it was distracting - figures in tables not matching figures in the text, some calculations just plain wrong, and everything covered at a very superficial level. This had the potential to bridge the gap between a Hull-type presentation and an undergrad-type. Sadly, this book really disappoints.



3. After studying this book, you will know the technical intricacies of futures, options, and swaps. It has also excellent definitions of all the "Greek" risk measures (Delta, Vega, Gamma, etc...).

   The book is well organized. The chapter sequence makes good sense. This is a good book overall.




4. Let's face it: the big Kahuna in this space is Hull's 6th Edition of "Options, Futures, and Other Derivatives" (I actually prefer the 5th Edition), which is frequently referred to as "The Bible" by financial quants. Paul Wilmott's two volume "Quantitative Finance" also has a solid following, in addition to growing appreciation for Mark Joshi's "The Concepts and Practice of Mathematical Finance." Robert Kolb's "Futures, Options, and Swaps" therefore is often confined to an "also-ran" and treated as unserious because of its inclusion in the CFA curriculum. This is unfair, and for most undergraduate and MBA students who are not destined for derivatives dealing desks, and even many who are, Kolb is the better volume.
   
   Critics of Hull frequently cite that he is dry and technical to the point of somnolence. For Wilmott the opposite is the case. Critics hold his tone is flippant and that he glosses over major dimensions. My own view is these harsh reactions to these fine authors are exaggerations, but do have some evidence to support their expression. This, as a professor, leads me to the conclusion that for many students the author's tone is a major factor in their successful engagement with a fundamental teaching text.
   
   This leads me to Kolb's excellent works. Many undergraduate and some MBA students of derivatives use "Hull lite" ("Fundamentals of Futures and Options Markets"), but I encourage the wider adoption and use of Kolb's "Futures, Options, and Swaps." Kolb is superior to Hull for tone, accessibility, lucidity, and utility. Where Hull reaches for a completist coverage of obscure pricing models, Kolb's coverage is instead complete in a practical sense, while not abandoning treatment of less well-known options and their pricing models. Kolb's clarity is commendable, and never dry. Kolb does not gloss over or ignore difficult topics, and his style is never pedantic or superficial.
   
   This text does, however, contain any number of horrible errors and editing snafus that frustrate the reader. The errata sheet from the publisher does little to ameliorate the pain from these howlers. One wonders how a book can contain so many errors in such a competitive field. But it is fairly easily explained: because of Kolb's adoption by the CFA curriculum, there is a floor of near guaranteed sales that creates a non-competitive economic rent.
   
   I particularly recommend Kolb over Hull and Wilmott for those students whose background is not mathematics, engineering, or hard sciences. While the book is technical, it is not written in near-code geek speak. For my MBA students who are "poets" rather than "rocket scientists" Kolb wins as hands down favorite. Hull remains excellent for experts, PhD students, technicians, and pricing specialists, however, Kolb certainly deserves wider respect and use by the majority of students of derivatives. In short, while flawed, Kolb is an excellent and accessible work. I recommend the wide adoption of Kolb's "Futures, Options, and Swaps," and in fact, all his other works, for most students of finance.



5. "Futures, Options and Swaps" offers good coverage of several major types of financial derivatives (futures, options and swaps). This book was a core reading for one of the CFA (Chartered Financial Analyst) examinations when I took such examinations a number of years ago...a strong suggestion that this is an authoritative publication in the financial sector.
   
   Robert Kolb does a good job covering the subject matter from the perspective of how to accomplish something with a future, option or swap. Moreover, Kolb makes a point of consistently offering commentary as to why one might use a certain financial instrument for a given task/problem.
   
   For those readers with an interest in learning more about futures, options and swaps, this is a good source of information.

5 comments about Trading Options to Win: Profitable Strategies and Tactics for Any Trader.

1. gives real trades, real numbers. this is a genuine how to book.



2. Well, 5 of the 6 reviews prior to mine are all very favorable. Those favorable reviews are what persuaded me to buy the book. For me, the book was absolutely useless. The author takes forever to make his point and usually it's not a very useful point when it's made. The titles of each chapter and subchapter are also useless. Rather than just saying what each chapter is devoted to, he incorporates a phrase which the author apparently finds catchy. Finally, and I know some of you will find this unacceptable, I was not even able to finish the book. Mind you, I have been a very hard core student of the market for well over a year and have read many books, in addition to trading, practice trading, and attending seminars, but I eventually gave up about 2/3 of the way through when I realized (after about 2 months of trying to force myself through the book) that I was wasting my time, which is a greater annoyance than the money wasted on buying the book. Others' opinions obviously differ from mine, but for me, this book was extremely annoying in its presentation, contained very very little on how to actually trade any given strategy (or how to defend it), and, as the other unfavorable reviewer noted, is about 90% trading psychology and 10% how-to. THE BOTTOM LINE IS THIS: knowing what I know now, if I could go back in time, would I have purchased this book? NO. Because this stuff is my life, feel free to email me any questions at headbanger51 at yahoo -- be sure to put something like "Amazon review" or "options book" in your subject line or it will probably get deleted.



3. Outstanding book. I have corresponded with Stuart on a few occasions, and have found him to be a very genuine and intelligent guy. I personally enjoyed his writing style, and appreciate the fact that he didn't rub his advanced degrees in the reader's face. Very down-to-earth guy. I guess some readers such as Fletch prefer dry academic tomes instead of well written edutainment, so hey whatever cranks your tractor I guess. If I ever have insomnia I'll borrow one from you Fletch. Me on the other hand, I appreciate the way the concepts were presented. It made the book even more understandable, if for no other reason that his logical, humorous and chatty style kept my short attention span brain fully engaged.
   
   Hats off to SAJ for this excellent book. My options understanding has increased by AT LEAST an order of magnitude.



4. Stu's writing style and exceptional wisdom when it comes to the futures options markets is unparalleled.
   Funny, witty, and filled with gobs of invaluable information, I keep this book on my trading desk at all times.



5. Great book for those interested in options. I would also recommend this book for anyone who is interested in investing/trading period. The chapter on making money with money is priceless in and of itself.
   
   George
   
   http://www.thelawyertrader.net

5 comments about Hit & Run Trading: The Short-Term Stock Traders Bible.

1. If you haven't already read this, you're missing out on something that has spring-boarded the career of thousands of traders. This is Jeff Cooper's best-selling first book that has been revered by the trading community since it was first published in 1996.

   The name "Hit and Run" is appropriate as Jeff's style is to enter and exit trades on the same day. Years of experience have taught him that it is better to take profits home than risk things going awry by holding on too long. The contents of this book are loaded with daytrading strategies that have been proven to work. The entire trading process is covered from selecting the right stocks to timing the best entries and exits.

   Getting to the heart of the battle, Jeff discusses over a dozen tactics he uses to capture movement in individual stocks. Every method is illustrated with real examples. Use of price patterns in conjunction with ADX and DI readings are the primary sources for the decision-making. As Jeff says, "not all breakouts are created equally." After watching the same processes play out over and over, Jeff has his craft down to a science. Specific rules for entering long or short are laid out very clearly, leaving little room for hesitation. Effective uses of trailing stops are also discussed to ensure profits are maximized.

   Every one of Cooper's strategies is designed to take full advantage of specific situations that tend to repeat themselves in the market. Expansion Breakouts, 180s, Boomers, and Lizards are trademarked patterns that have stood the test of time. Each chapter is structured to keep the big picture in mind while giving the intricacies of daily setups strict attention to identify high probability entries. Gauging behavior around the 50-day moving average may never be the same after reading these methods.

   Nothing is ever perfect in the markets, so it is important to have a good understanding of how things really work. Cooper's formulas for identifying risk-adverse setups are brilliantly simple, but it's his wisdom and experience that will help a new trader grasp the principles necessary to make his or her own decisions. One chapter is devoted to Cooper's trading journal so the reader can get a feel for what the business is all about. You will find reading this book is like being given a code to unlock opportunity in the market. Though it is important to keep in mind there is no substitute for discipline and hard work.

   To quote Jeff, "This is not an easy game, especially when a major market move (like the bull market which began in 1982) ends. There are probably fewer full-time professional traders in this country than there are professional athletes. You must be prepared to work as hard and to be as persistent as a professional athlete to become truly successful."




2. I do not recommend this book. I went ahead and bought the book and read it. He claims it's the "trader's bible". He does provide ENTRY strategies as well as stops for these entries. He however, spends very little time saying anything useful about money management which is a very important aspect of any trading system. If this was not bad enough and you are smart enough to make your own money management scheme using his entries, you really can not do it, because he DOES NOT provide exit strategies! That is correct, he says it himself that his exits are completely discretionary (page 137). In any event, I went ahead and programmed all but two of this entry strategies (2 of them could not be done since they would require tick data and secondaries info to test them which I did not have - nor was I about to invest getting this data to test his strategies after seeing the bad results I got with the other entry strategies). Since he did not provide exit strategies, I tested several variations with each: exiting the next day at the open, exiting 2, 3, 4, 5 days after the signal. I also tested exiting randomly within the next 1 to 10 days. I did this testing to see if his entry strategies had any merit by themselves. I will not get into describing in detail the results for each. However I will say that NON of his entry strategies are worth investing in, because they make very little money if any at all. Those that did make some money made it when traded over MANY MANY trades (tested over 1500 stocks and averaged 4 trades a day). However, the statistical advantage was so little for winners that by the time you put some commission charge and some slippage (all his entries are stop based) you will definitively reduce the value of your account. Most likely you will just be feeding your brokerage house in the best case. In summary, the entry strategies I tested have no real trading benefit, he provides no money management scheme nor trade exit scheme - so it is not a trading system or strategy. He is really only selling useless entry signals. ... Using a absolute point value seems very "beginner" to me. If this guy is a professional trader and makes money, he is not using these entry signals unless his discretionary exit criteria makes up for his useless entries. I find that his entries are as useful as just entering randomly into the market place. Maybe his business is selling this expensive book to patsies such as myself. I hope you do not become the next one.



3. the beautifulst book that I have never read, simple and operating sin that is outside production
   Jeff thanks



4. Obviously, this books is now several years old, but it has not lost its effect on my thinking and trading, especially since Jeff uses funny methaphores for his setups. Maybe one can recognize several by different names, but nevertheless, his names stick in my mind. Personal favorite: 1-2-3 pullbacks plus one day. To re-emphasize the setups, I would suggest to subscribe to his swing/day trading service (at least in the beginning). Well worth the initial investment.
   
   People have compared this book to Streetsmarts a lot, which I find negative and not correct (except for Larry Connors original involvement as a publisher).
   
   All in all, I would call Hit and Run definately a classic to own.



5. I want to say this is an interesting book...but all it taught me was how much time some people have to spend researching stocks to find good moves, thats why i switched to learning how to trade emini futures....and no PDT law either!! bada bing bada boom! For the high price and fairly empty pages...i dunno. Its pretty straightforward with the moves he looks for...just didnt do anything or me. Seems like a book for those who are already cosistent traders and want more ideas....zzzz

5 comments about Swing Trading: Power Strategies to Cut Risk and Boost Profits.

1. Wonderful book! The very first chapter by Terry Bedford is an excellent, easy to read, chapter on technical analysis applied to the top 10 or most common technical patters that all traders confront, regardless of their time frame. Erlanger's chp on indicators is also very useful, again for beginner day & swing traders. The best part of this book is its easy to read style. The middle chapters are also useful for stock traders who are a little bit more advanced. I am a futures trader and use the book as a desk top reference for trading patterns. For other traders, I found it to be a nice supplement to John Murphy's TA book. But for struggling beginners & intermediates I strongly recommend this book.



2. I don't understand the negative reviews. This book contains many useful, tradeable concepts. Don't expect any book to give you a complete system. Part of the job of being a trader is system development and tweaking to market conditions. There is much to be learned here. Particularly useful is the overview of chart patters in the first chapter. There are excellent explanations of why these patterns occur and what they mean, along with suggestions for how to trade them.



3. Brilliant!Apart from chapter 3 and 4 of this 6 chapter book where 3 is weighed down by one mans seemingly complicated approach to stock selection and 4 being a plug for anothers trading system.
   1: Tech , explains in great depth the relation between price and volume, and several swing paterns.
   5, 6 Vital info discussing the how and why relevant of macroeconomics
   and how to go about determining the mac env of any given time.
   Must read for short term traders looking for something relevant with some substance.



4. This is a great book in that it teaches concepts you hear about all the time, but it takes the time to spell them out, and provide examples.
   
   One of the few investing books I have actually learned from. Highly recommended.



5. I have purchased and read this book and therefore this review is written by someone who has actually experienced it!
   
   On a whole, this is a must read for beginner traders. Books like "Trading for a living" and "Coming to my trading room" (By Mr Elder) are written excellent on the fundamentals, but they provide little access to how real market professionals think and act. On the other hand, although this book touches little on fundamentals, this provide a very good entry point for beginners to model the beliefs of the pros apply the basics for higher level.
   
   On the negative side, several lousy attempts are made to encourage users to sign up for some of the paid services these professionals offered on the Internet. Don't get me wrong that I downgrading those services offered! But I believe a book should be written more on the "how it works" rather than just throwing you a bunch of methods to you.
   
   I got great ideas from this book overall! (I created a software tool that now serves one of the screen in my trade selection), but I believe it could be better for a 250+ pages book. Don't expect to learn a whole new way of trading from this book, but some useful tips from it might make you a better trader.

5 comments about Stocks for the Long Run.

1. When you are done with this book, DO NOT LOAN IT TO ANYBODY. I lost my first copy when an intern did not return it. I lost the next copy when a friend gave it to his mom.
   
   Reading this book will give you a better understanding of the financial markets than 99% of the people around you. If you do not understand any part of the book, skip it and go back later. For a first book, there is none better.
   
   If you are already knowledgeable, it is still a great read.
   -Enjoy



2. Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies Jeremy J. Siegel
   
   Stocks for the Long Run makes the most convincing case for long-term stock market investing. Part history book and part finance book, it is brilliant. I want to give this book to my clients who want to put all or most of their money in CDs, bonds and other debt instruments. Siegel uses historical records to prove that well allocated, diversified stock investments truly are the best way to steadily accumulate wealth over time. His historical narrative also turns what could be just another hard-to-read investment book into a compelling story -- there really is a great deal of drama in the retelling.
   
   If you read this book you will be armed with information to make educated choices about how to invest your hard earned money. Weathering the stock markets ups and downs can be a profound challenge to the uninformed investor. This book provides a perspective that allays some fears and offers cautions as well. Stocks for the Long Run will help you make good investment decisions, and give you confidence in the decisions you make.
   
   James Lange, CPA/Attorney and author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do



3. This book clearly illustrates the need to be disciplined as an investor. Unfortunately, as many Americans do not exercise this discipline they will never achieve the potential returns that can be had in the market. This book should be mandatory for all students to read and study probably at the high school level.



4. I agree with the other reviewers that this book is an outstanding essay for those who want to learn how to select stocks for a value portfolio. Where we differ is that for the typical investor he does not have the resources to build a properly diversified portfolio- either financial or mental resources. Value stocks do provide returns in excess of broad market returns but in order to have adequate diversification you must assemble several hundred issues well beyond the resources of the average investor. Further one must have the time and skill to evaluate several thousand issues.
   
   I can offer a solution to this problem. I want to recommend for you a book titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission This book is a must for those wanting to find out about indexing (passive investing) and why it is the superior method for the small investor (and big one too). This book is an outstanding guide to personal investing. It will be useful to all investors from novices to highly the highly experienced. This book prepares the reader to approach investing from the standpoint of the underlying science. It is the antithesis of a 'get rich quick scheme'.
   
   All aspects of Modern Portfolio Theory and passive (index) investing are explained in a through and easily understood manner. The aspect I like most is that as well as a solid theoretical foundation the book is very practical and shows the reader how to create (and more importantly) and manage over time a successful portfolio. This is a great book- for the beginning investor, it's a great place to start and for the experienced investor there are many valuable suggestions.
   
   It's a shame to think of how much money investors have lost "investing" in the stock market over the years. I wish I had read this little book years ago. The chapter on automatic investing recommends a number of portfolios that follow modern portfolio theory and adjust risk as you age without any effort on the part of the reader at all. Had this book been written years ago and had I followed its directions I would be rich today of that I am certain. Nevertheless I will pursue one of the portfolios recommended and stick to my chosen asset plan.
   How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission



5. Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He appears regularly on networks like CNN, CNBC and NPR, and is a frequent contributor to financial periodicals.
   
   "Stocks for the Long Run" is the best known book by Siegel, and widely cited. There are more than 100 books that cite "Stocks for the Long Run".
   
   Most of the book takes a long-term view of the financial markets. Siegel takes an empirical perspective to answer some major investing questions. Even though the book has been termed "the buy and hold Bible", the author occasionally concedes that there can be some market inefficiencies that can be exploited. The book is very easy to comprehend and is targeted to wide audience.
   
   If you like the idea of scrutinizing major investing questions, popular beliefs and conventional wisdoms, I would recommend "The Only Three Questions That Count" by Kenneth L. Fisher, which is much deeper than "Stocks for the Long Run".

5 comments about Cash In on Cash Flow: How to make Full Time Income with Part Time Effort in America's Hottest New Business.

1. The only thing that bothered me about this book was that most of the information is repetitive. Again and again the same things are repeated. I would say, about 40% of the book could have been saved by eliminating the repetition. Book is well illustrated with examples and references. Have some sound ideas and advice. It did not have the thrill of a best seller. Has not the grip required to earn a 5 star rating.



2. I've been a Note Broker/Cash Flow Specialist for 4 years now and I refer all of my trainees to this book. It's very detailed in defining the main debt instruments that dominate the industry and pointing you in the right direction of who to network with in order to generate business.
   
   The one thing I disagree with is that the author claims you'll succeed part-time. Like any other profession, this one requires a lot of time and effort. And anyone who has experience brokering anything knows that good brokers make dozens, if not hundreds, of calls per day. If you like speaking over the phone and have the time, then this business will easily add a good $20-$40K to your annual income, possibly more.



3. Do a Google search on Laurence Pino before you buy his book(s).
   Put your money to better use.



4. This book is actually written well. If you are thinking about getting into this business (note business) than I would highly suggest reading this book FIRST before you do! It does a good job explaining how the note business works and what different notes you can buy. There are about 60+ different kind of cash flow notes out there you can buy or broker to other buyers. The book talks about several kinds of different notes and gives you the details to help you familarize yourself with how the business works. I thought it was very informative and glad I bought it to learn about the note business.
   
   Now, on the other hand...DO NOT BUY INTO THEIR REDICULOUSLY EXPENSIVE SEMINAR COURSE THEY WILL TRY TO PRESSURE YOU INTO IF YOU GO TO ONE OF THEIR "FREE" TV INFOMERCIAL SEMINARS THEY HOLD AROUND THE COUNTRY!!! You can get furthur education on the business WAY cheaper from "reputable & honest" teachers in this business and save yourself a lot of money! As in the note business...do your due-diligence with online searches and reading reviews before you jump in.



5. This is a great book to introduce the reader to the different types of cash flow sources. The book doesn't go too much into the "nuts and bolts" of actually doing the business though. I guess it serves it purpose as an introductory text.