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 sturdy results). After examining this booklet, I felt that i didn't have the other selection than writting a evaluate to warn each person else who's contemplating paying for it. in short, this is often via a long way the worst funding ebook i've got ever read...

On the optimistic part, a number of the normal principles at the back of this ebook are priceless (i.e.: utilizing ETF, prefer computerized buying and selling to restrict emotional bias, and so forth) and the idea that of "investment expense" is interesting.

However, appart from that this e-book is ninety nine% a promotional book for the writer prone. it really is hugely repetitive and few chapters are natural fillings to get to the variety of pages required via the editor. The few invaluable principles are offered at too excessive point with none empirical proof. final yet now not least, the writing kind is negative and smug.

There is not anything necessary for somebody who's wondering the purchase and carry procedure. even supposing no longer excellent yet method greater often is the publication 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

Sample text

We all know that the FOMC cut interest rates again in December, and they were near 0 percent going into the new year. During that same time, the market continued to decline, and it established a low of 7438 in November 2008. This ongoing association continues to prove the counterintuitive relationship between the Fed Funds Rate and the market over time. Although the cycle arguably could have been considered complete in December, there had not yet been a turn higher in interest rates, and therefore our analysis will be left to October data.

Nevertheless, I was able to identify solid existing demand ratios, and, because of the low interest rate environment at that time, others were unintentionally taking advantage of that asset class transition, too. Very few people knew why, but they were enthusiastically taking the plunge. They had the money, but they did not like the stock market, so they refocused on real estate. Across the board, overall demand was still robust, and new money was still coming into the economy. This was obvious to me thanks to my refined approach.

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. Don’t Listen to the Noise Interest rates are just one example of the noise that burdens investors regularly. Going forward, the next time the FOMC changes interest rates, Keep It Simple, Sweetheart 15 determine why the FOMC made those decisions.

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