Buy and Hold Is Dead: How to Make Money and Control Risk in by Thomas H. Kee

By Thomas H. Kee

I have learn over 30 funding books and that i may qualify myself as an "intermediate" investor (ie: deal with my portfolio for over 15 years with strong results). After studying this booklet, I felt that i didn't have the other selection than writting a overview to warn every person else who's contemplating paying for it. briefly, this is often by way of a long way the worst funding publication i've got ever read...

On the confident aspect, a few of the common principles in the back of this publication are worthwhile (i.e.: utilizing ETF, want computerized buying and selling to restrict emotional bias, and so on) and the concept that of "investment expense" is exciting.

However, appart from that this publication is ninety nine% a promotional e-book for the writer companies. it's hugely repetitive and few chapters are natural fillings to get to the variety of pages required through the editor. The few precious rules are provided at too excessive point with none empirical proof. final yet no longer least, the writing type is negative and conceited.

There is not anything necessary for somebody who's wondering the purchase and carry process. even supposing now not excellent yet approach higher stands out as the e-book known as "buy do not hold".

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Additional resources for Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market

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Real growth was virtually nonexistent. Demand peaked in 1969. The Investment Rate predefined this. Risks were high. The stock market experienced serious gyrations during this down period. Without sound policy, this could have been much worse. This natural oscillation resulted in Stagflation instead of depression. This could be the best-case scenario in a declining demand cycle. Investments took only 10 years to recover. Market declines were only 50 percent on a few occasions. Only, however, is a relative term.

The Investment Rate tells us when to expect a healthy economic environment and when to anticipate weakness. Therefore, it also tells us when to make aggressive investment decisions, and when to stay in cash. Because of this simple observation, the Investment Rate is the first line of defense in the war on risk. In my opinion, an evaluation of the Investment Rate should be the first step to making any investment decision. This includes investments in the stock market, real estate, private business, and all other asset classes that depend on a steady flow of new money to prosper.

If that is true, our analysis suggests that the market should increase for at least a short while after the final December cut. Clearly, buying during rising interest rate cycles has worked over time, and shorting during easing cycles has, too. 85 percent when the FOMC was raising rates. 85 percent when it was cutting rates. “Don’t fight the Fed” is not all it is cracked up to be. In fact, investors should usually do the exact opposite of what that phrase traditionally implies. Unfortunately, they do not, and unwitting investors become emotionally bound to the influence of unfounded assumptions instead.

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