According to the Spectrem Group, a wealth research firm located in Lake Forest, Illinois, there were 400,000 new millionaires in the United States at the end of 2016. That's right, 400,000! And their numbers keep growing year after year! Wouldn't it be nice to be included in that statistic one day? If your answer is "yes" then you've got to have a plan to achieve that dream.
Regardless of what you may have been told or what you may believe, investing in the stock market is still one of the most effective ways for most people to get rich and best of all, a high IQ isn't needed to do so. You simply need to know how to invest the right way since most people invest the wrong way.
Legendary investor Peter Lynch, perhaps best known for achieving 29% annual returns during his 13-year tenure with the Magellan Fund stated the following, "Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert." In an article written by Al Neuharth in USA Today in March of 2013 he stated, "Most of us hope to get richer as life goes on. All of us should realize that the surest way to do so is by smart and regular investments in the stock market."
You Can Invest Like a Stock Market Proreveals to you the tried-and-true, principles and strategies used by some of the world's best and most successful stock market pros to build wealth. The best news is that you can begin using those same powerful principles and strategies to put you on the path to financial security that you may have thought was unobtainable until now.
With this book you will learn how to:
Start investing with very little money. Locate additional money to fund your investment program. Identify the five characteristics of wealth generating, worry-free businesses. Use the extraordinary power of compounding to help grow your wealth. Pick stocks like the pros using a powerful eight-step stress test. Think and react like a stock market pro in good markets and bad markets. Determine the right price to pay for a stock share prior to its purchase. Use tax advantage accounts to accelerate your building of wealth. Minimize risks while investing for maximum profits. Construct a worry-free portfolio that lets you sleep well at night. Avoid industries and sectors that are too risky for investment purposes. Use stock screeners to help locate those hard-to-find hidden gems. Consistently beat the market over the long-term. Identify and locate good financial planners when needed. Use free, powerful tools of the trade to gain your investor's edge. You will learn where and how the author is investing his own money in his personal portfolios along with their up-to-date performance and much, much more exciting information to put you on a path to building wealth. Are you ready to put the odds in your favor for obtaining the wealth and financial freedom that most American families dream about, yet most of them fail to achieve? If that's your desire, this book is your road map to achieving those extraordinary returns that build wealth over the long-term. Let's begin!
James Pattersenn Jr. is a self-taught private investor and investment researcher that has literally spent thousands of hours performing research to determine what does and doesn’t work when investing in stocks and the stock market. He has put into practice what he has learned about investing using his own money and says that the investment strategies work, and they work very well.
James is a graduate of York Technical College with Honors. He has also extensively studied courses in Business Management while attending the institution and has earned numerous college credits in the process. He also earned an Undergraduate Certificate in Criminal Justice with Honors from Ashworth College.
James served four years in the United States Marine Corps where he was meritoriously promoted twice and received an Honorable Discharge and Good Conduct Award. He was recalled to active duty to serve during Operation Desert Storm and received the National Defense Service Medal as a result.
He enjoys exercising and was a competitive powerlifter many years ago and took first place in the North Carolina State Powerlifting Championship in the 181 pounds class. He now speed walks about every day and practices the martial art known as Hapkido. He was born and resides in the beautiful state of South Carolina with his family.
This book, kind-of like other books I read on the subject of stock markets and traders was full of simple and clear advice on approaching and starting Stock Market Investing. There is emphasis on the why of investing and the discipline needed while investing.
The author also gave me the vocabulary needed to understand what I was doing, investing strategies, basically the the why and the don't. There was no need to stop and look things up because he provided explanations that were simply written and concise.
This is a good book for beginners, of which I include myself to said group.
I received this advance copy in Oct 2018 in exchange for an honest review. (sorry it's so late)
I recommend reading the letter from the author in the beginning of the book. It speaks volumes as to the content of the story and showing when and when not to publish, especially a book like this. The book is divided into parts, and even if you don't want to invest a lot, it's a book that provides good tips and hints, and a lot of researched information. The information was from experience and research, and shows Pattersenn has some authority and credentials on this topic. Of course, telling the reader they can be wealthier than they ever thought possible may grab the reader's attention, but it's not smoke and mirrors. It's credible information that a reader can follow without being lost in market or investment jargon, giving new investors the tools they may need.
I truly appreciate that I got this book. I gave me full insight in the mechanics of investments. The structure and in-depth knowledge about the topic is phenomenal. I really learned a great deal more. The author provided tips and sound advice to whomever is interested in investing. All information is extremely useful. Very reader-friendly, especially like me, who is not a pro in this field. This has me really considering investing for a much secure future. I highly recommend this book.
I received a free copy of this book via Booksprout and am voluntarily leaving a review.
Ok first off before I read this knew NOTHING about stocks and never really had any interest in anything like that either. I just thought I’d read it to see what I could learn. I found most of this book easy to understand (i’ll admit the P/E PEG bit with the equations lost me slightly) and interesting. I went from knowing 0 to now feeling like I have a much better understanding of what kind of things to look for in a stock so it would be a more ‘worry free’ investment.
I received a free copy of this book and am voluntarily leaving a review.
This is a helpful tool for those who.would like to invest in the stock market but have no idea how to start. This is easy to understand and very useful to help.you to invest
I received a free copy of this book via Booksprout and am voluntarily leaving a review.
This is an easy to understand and useful book. James distills his investing wisdom and helps the reader save countless hours looking for good stock investing opportunities.
Good fundamental book on how to evaluate different stocks. Many tips with practical experience look at the author portfolios and the actual returns he got.
This will be a great resource for me with regards to investing in stocks. Plenty of practical advice using words and terminology that a beginner like myself can understand. Highly recommended!
In this book, the author purports to give you ideas about how to create a worry-free portfolio of stocks. The book is divided into five parts: getting started; systems, tools, and principles; the worry-free stock portfolio; the untameable stock market; and a wrap-up section. He shares personal insights that he has gained as well as what he has learned from others and shares his actual stock picks and decision-making processes over the course of a few years.
This book is full of tips and suggestions about how to invest more smartly in individual stocks. I felt the book could have been organized better. I do have some index funds but have never traded in single stocks myself, so I would have liked the author to set the information in a way that aligned with his steps (which, unfortunately, were in the back of the book), telling us precisely how the information was going to be organized. I think, too, that he should have had a section at the beginning for more novice investors explaining the basics of stock market investing. At times the book felt repetitious, and I think that could have been solved by a more tightly organized structure for the entire book. Information was given willy-nilly at times without giving the context for how that information could or should be integrated into your greater single-stock portfolio decisions. The book ends with a step-by-step plan; I think that plan should have been more toward the front of the book, and each piece of advice or information later given then correlated to the steps. The brain learns best when given a framework upon which to hang information.
I think the most interesting part of the book was seeing his own investment choices over time. His explanation of his decision-making process—whether to buy, sell, hold, or change position—gave real-world insight into how to integrate the principles and tips given in the rest of the book. The author is publishing this in 2019, and unfortunately, he only gives us his reviews for his own portfolio strategies up to 2016. I would have liked to have seen more.
If you're already investing in single stocks, I believe this book will give you robust strategies that will keep your portfolio healthy and strong over the long haul. If you're new to investing in this fashion, parts of this book may be more challenging to understand, and you might find yourself a little frustrated at not understanding the bigger picture at the get-go. Nevertheless, if single stock portfolio investing interests you, whether you're new or experienced, I believe that this book will offer valuable insights.
I received a free copy of this book, but that did not affect my review.
The informative book, "You can Invest Like a Stock Market Pro" by James Pattersenn Jr. has given me the confidence to do more with my stock portfolio. Mr. Pattersenn Jr. makes the stock world seem more “worry free” than I once thought. He also highlights getting rid of habits such as smoking and he asserts that playing the lottery is like flushing money down the toilet. When to buy and sell stocks was also discussed. The big question that I had before reading " You can Invest like a Stock Market Pro" is if I should invest in penny stocks. Mr. Pattersenn Jr. doesn’t think it is a good idea.
The great point about, "You can Invest like a Stock Market Pro" is that Pattersenn Jr. makes the idea of investing simple and he uses his own personal story as well as ideas from others seasoned in the business of stocks. The quotes that he uses in regards to stocks at the end of each chapter ties up each chapter nicely. One thing that stood out negatively was when Pattersenn Jr. used Wikipedia to define the words financial planner. He could have used a stronger source for this definition. Still, I really learned a lot from reading this book. I will begin to put all I have learned into practice. The final touch and a great end to You can Invest like a Stock Market Pro was the last chapter God and Wealth. I think of the final chapter as the icing on the cake because it addressed a concern that I previously had.
This book was very insightful for beginning investors. The author explains the key things to look at when choosing your portfolio. A formula is given with the PE ratio to determine bargain stocks and you are told what to look for on selling stocks.
Many websites are sighted for additional information. I found several I was unaware of that were extremely helpful. This book is worth the read for beginners as well as intermediate investors.
This book was written for the beginner as well as the more sophisticated investor. It is the the result of studying the investment methodologies of some of the most successful investors in the world. The principles and strategies contained in the book are easy to implement and are bound to help an investor obtain better returns from his or her investments.
“Bears make money, bulls make money, pigs get slaughtered” is a statement I have heard many times from Jim Cramer(the host of Mad Money, mentioned in this book). It is one sentence that really says a lot about the stock market. Knowing how to choose a quality company, who is controlling the market, the bulls(optimistic), the bears( pessimistic), and oh yes, not believing Gordon Gekko(Wall Street, greed is good), provides an average investor the opportunity to make money over time. I am not a new investor, but continue to read books that provide different stock market strategies and perspectives. This book is full of simple advice that hopefully convinces investors to not let emotion control their decision making as well as how to be a disciplined investor. The author makes suggestions for those who state they don't have any disposable income to invest( do not smoke or drink, carry your lunch to work, look for free entertainment, conserve energy, and many more). Deciding to invest in the future requires discipline, but historically, the rate of return on your portfolio makes it worth forgoing some things now to ensure a better future(how many people dream of early retirement but don't have the funds). The author covers the pros and cons of hiring a financial planner, holding stocks for the long-term(at least 10 years), buying when everyone else is selling, as well as investment principles and strategies. Personally, I didn't learn anything new from this book, but as I said, I am not a new investor and always try to do my homework before buying or selling stocks. I did though get validation for some of my own personal stock trading decisions. I think a new investor would find this book a great introduction to the stock market as it is an easy read that doesn't rely on technical jargon(which really was over my head when I was a newbie). I received a DRC from BookBuzz.net through NetGalley.