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R**H
Publish in hindi
Please publish the book in Hindi language , I want to read this book but not available in Hindi . 50 crore Indian people talk to each other in Hindi . you can understand value and power of Hindi language.
H**L
Nice mathematics explained in simple and detailed manner.
I was looking for type of model explained in book.Author has in very simple and detailed manner explainec how he wishes to generate alpha with high sharpe ratios. Might not be liked by very high risk investors.Strategy explained needs one day in month for implementation.
S**S
Simple strategy to best the index
Simple and concise writing. Definitely value for money. As with any method there is no guarantee that the backtest would work in future. It is also difficult to be satisfied with a 6% in a year when sandp 500 returns some 20%.
M**I
Un sistema fantastico. Lo proverò.
Una lettura veloce e sempre leggera, aiuta anche a sorridere di sé e dei propri errori.Finalmente smetterò di stressarmi (e spero anche di perdere soldi) con gli "investimenti" in azioni.
A**D
Very effective and interesting
This is a very short book to read and if you are already familiar with trading in general and some of the stock market jargons, this should be a very easy book to follow.The research for this strategy was done using tools provided by etfreplay.com. To be fair, I bought a subscription to etfreplay and I constructed the strategy discussed in the book. I got the same results as the author. I also tested it from 2003 to 2018 and obtained a > 12% return via the strategy. This should effectively answer those that question the effectiveness of the strategy or the backtest period. The past 15 years have had almost every kind of market and that includes the great recession and the subsequent recovery. The strategy has a solid logic and no wonder it works.This strategy involves churning your holdings on a monthly basis and based on a rough determination of momentum. As such, employing this strategy on a taxable account will result in having to pay substantial tax on short-term capital gains. I would use this strategy on a tax advantaged account such as an IRA or a 401(k) (where the plan allows exchange trades).For taxable accounts, I was wondering how to reduce the number of trades. That's when I hit upon the author's second book STOCK MARKET CASH TRIGGER: Learn A Simple Technique That Tells You When To Go To Cash. This book presents an interesting strategy for those that hold equity assets to determine when to move to cash and how to do better than just hold on to cash. I was able to construct a strategy based on a mix of the 12% solution and the cash trigger strategy with a > 1 Sharpe ratio.While the 12% solution itself is complete and offers benchmark beating returns at a substantially lower risk, one can finetune this strategy a little more to suit his/her needs. Having performed backtesting myself and considering the solid reasoning behind the strategy, I am convinced enough to start deploying this on my 401(k). I'll probably update this review after a year to let you know how I did.Summary: If you are a passive investor building long term wealth, follow this book. If possible, read the author's second book and that'll open up opportunities to customize the strategy to your own individual situation.
K**R
This is one of the best investment books I have ever read
This is one of the best investment books I have ever read. Straight forward and easy to use strategy using information available online. Well worth the read!
M**H
Simple and straightforward
A quick and easy read with a simple investment strategy which may be of use to those looking for a simple approach.
D**.
Simple, down-to-earth guide to personal investing
This book described a method to personal investing that almost anyone should be able to properly understand and implement. While there may be more sophisticated and elaborate investment approaches out there for the professionals, the method described in this book has not only the advantage of simplicity but has also been proven in backtests covering approximately ten years, including the 2008 bear market. While past performance is certainly no guarantee of future results, the investment approach is based on a few sound paradigms: Use of bonds to hedge shares, buy momentum, keeping costs low and diversifying by using major market ETFs.
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