Have you ever read the book Rich Dad Poor Dad? No? It’s okay. You have the chance to save time and your money for a compressed version of the book. James Altucher has done an excellent job concisely illustrating how different working for yourself can be versus working for an employer. His piece is a classic ‘anti-rat race’ proclamation.
I encourage you to read the New York Times piece about a recently published book titled, Paying for the Party by Elizabeth Armstrong and Laura Hamilton.
The study is a great example of how the misuse of debt can be extremely detrimental. It’s even more concerning because this is yet another cycle in play that drags young adults down and hinders their ability to thrive.
For students that are not from fiscally well-off families, keeping up with the college Jones’ can be a disaster. College is expensive enough, but when you add the frat/sorority fees, spring break and other trips, bar tabs and other forms of entertainment that go along with running with the ‘in crowd’, the results can be financially disastrous.
Using debt without a clear and sound directive can be a poison to any person or business. When it happens to a young adult straight out of high school, it’s a sure fire way to create disillusionment and stunt ones full potential to thrive in the ‘real world’.
My ebook, Event Driven Investing, is being offered at a heavily discounted promotional price this week. As with every promotion, the main goal is to increase awareness and boost sales, but I have a secondary reason that is just as important.
My book is sold via Amazon’s market place and is currently available to any device that is Kindle reader compatible (iPhone, iPad and Droid devices included). Currently the ebook has one review posted and it’s at one measly star. The lowest of the low. The person posting claims the book can be read in a 10 minute time frame and I apparently repeat the same thing over and over.
Since I can’t give the book away for free, and honestly, I don’t want to give it away for free, I’ve dropped the price 99 cents for Monday and Tuesday, then $1.99 from Wednesday at 8am to Saturday at 8am (all times Pacific Standard Time). This reduces your obligation and risk as a buyer of the book.
I encourage you to purchase my ebook during this promotion. Once you’ve read part or all of its contents, I encourage you again to write a review based on the material you’ve absorbed.
Thank you for your continued support.
Event Driven Investing has been recently reformatted and will be available at a promotional price this coming week. Be sure to take advantage of this great opportunity!
How the ebook’s Amazon promotion works…
Monday morning (4/14, 8am PST) – Event Driven Investing will go on sale for .99 (A 71% discount).
Wednesday morning (4/16, 8am PST) - Event Driven Investing will increase to $1.99 (A 51% discount).
Saturday morning (4/19, 8am PST) - Event Driven Investing goes back to its regular price of $3.99.
Readers of Event Driven Investing will learn:
- A framework to maximize returns and minimize risk through known events.
- How to invest using a clearly defined strategy.
- Key differences between specific classifications of stock.
- The areas where the individual has the greatest edge on the market.
- How to invest with greater certainty, while not losing your edge on the market.
- A step by step process to identify and capture successful event driven investments.
- Specific examples of the event driven strategy at work.
Through this simple, yet powerful investment strategy, you will gain the knowledge necessary to identify potential break-out stocks and protect yourself from the unexpected.
Invest in yourself today! Your portfolio will thank you later!
Seasoned investor Michael Dever recently released Jackass Investing – Don’t do it. Profit from it. I have the honor of reviewing the book. For the sake of time, I am providing a review of one of the Myths (chapters) presented in the book.
Risk is a major issue when it comes to investing. If you’ve ever consulted with an ‘investment professional’ you were most likely asked about your level of risk aversion. What does risk really mean though when we’re talking about investing? Obviously, you’d probably say, “The likelihood that I’m going to lose my investment money!” Right…Yet, how do you answer the question of how likely/unlikely you will be to lose your investment?
In a thorough, readable and example filled chapter, Mr. Dever illustrates that often times what depicted as ‘risk’ in the investment world is based on statistical assumptions. Often times these assumptions are built upon historical analysis that attempts to identify correlations that can be leveraged for gain. In the midst of this ‘rear-view-mirror’ investing method, an important factor is lost; what is the return driver behind the strategy and what could change to invalidate the assumptions made?
It’s a breath of fresh air to read Mr. Dever’s observations about the use of statistical analysis to define risk apart from fact based business sense. Within the realm of investing and outside of investing, the actual drivers that enable events, relationships and outcomes to occur are often not fully understood. The lack of understanding is not so much from a lack of ability or information, but a lack desire and/or misplaced confidence.
I’ve heard more than once in conversation the point made that “If you’re an excellent statistician you can probably make a lot of money investing.” Some truth does exist in that statement, but investing is not card counting. Yes, exploitable patterns may exist that are historically seen as having a high probability of reoccurring. The question that needs to be answered prior to buying into such relationship is “What’s the root cause?” Without understanding the investment and business-sense, the risk inherent within an investment/trading strategy cannot be properly understood.
I highly recommend Mr. Dever’s book, Jackass Investing – Don’t do it. Profit from it. New and seasoned investors will find many nuggets of knowledge to help ensure they don’t end up being a jackass with their investments.
It is available in Hardcover, PDF, Kindle and Nook format at JackassInvesting.com.
Where do we stand today in relation to where we’ll stand tomorrow. Investors and non-investors alike seek the answer to this question. For investors, forecasting can help unlock the answer to what tomorrow holds.
In his recently released book, The Next Boom: What You Absolutely, Positively Have to Know About the World Between Now and 2025 by Jack Plunkett, a broad stroke depiction of where we’re headed as a world is provided. Thought he author readily admits he is bullish on what the future will bring, obstacles are noted, but they’re not a focus of his grand tour.
What I’ve found most helpful in reading this book is not only the subject matter presented, but the way in which it is presented. Daily news does not do a very good job of giving a big picture view of actions of the day and how they fit into overarching developments and trends. This book helps readers understand where things are set to progress. Though the trajectory provided might not be exactly as it is in the future, a general frame of reference is presented based on current states of affairs and likely outcomes.
When you’re thinking about your investment strategy and where you should spend your time researching, it’s very helpful to have a frame of reference regarding where certain economies and industries are headed. Plunkett provides a clear view of where he sees a number of economies and industries moving within in the next 25 or so years. Much of what he talks about pertains to demographic trends which are already set in motion.
Although I’m not fully done with the book, I will say that the bullishness that Plunkett expresses throughout the book in his forecast for the future could be a drawback for readers looking to use the book strictly as a guidepost for their investment decisions.
Even if all that is stated in the book comes to fruition in the time frame provided, investors will likely not succeed if they run out and buy X, Y, Z sectors, industries or economies. Corrections will occur over the period. Think of the path of progress like that of a hike to the peak of a mountain. From the start until you reach the peak you will experience some periods of decline, some shallow and some deep. Ultimately you will get to the top, but it’s not a straight climb up.
For investors or those interested in what lies ahead, I would highly recommend reading The Next Boom: What You Absolutely, Positively Have to Know About the World Between Now and 2025 by Jack Plunkett.