The Stock Market Collection

A must-read book on the quantitative value investment strategy
Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. Where they align is in their belief that the market is beatable. This book seeks to take the best aspects of value investing and quantitative investing as disciplines and apply them to a completely unique approach to stock selection. Such an approach has several advantages over pure value or pure quantitative investing. This new investing strategy framed by the book is known as quantitative value, a superior, market-beating method to investing in stocks.

Quantitative Value provides practical insights into an investment strategy that links the fundamental value investing philosophy of Warren Buffett with the quantitative value approach of Ed Thorp. It skillfully combines the best of Buffett and Ed Thorp—weaving their investment philosophies into a winning, market-beating investment strategy.

First book to outline quantitative value strategies as they are practiced by actual market practitioners of the discipline
Melds the probabilities and statistics used by quants such as Ed Thorp with the fundamental approaches to value investing as practiced by Warren Buffett and other leading value investors
A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book
If you're looking to make the most of your time in today's markets, look no further than Quantitative Value.

The Almanac is an extremely valuable and unique reference work providing traders and investors with the strategies, methods and data to tackle the markets throughout the year. It is the one essential book for the serious trader or investor.

The Almanac consists of four main sections:

1. Calendar
The Calendar provides 12 two-page summary articles of the main features of each of the months of the year. This includes the historic average performance, the sectors and shares that tend to be strong or weak in the month, the month’s major anomalies and seasonality patterns, the significant dates coming up, and a chart of the average daily performance throughout the month.

2. Strategies
This section describes the major anomalies and seasonality effects in the UK market and how they can be exploited.

3. Analysis
In-depth analysis of the characteristics of the UK and international markets, to help give traders and investors an edge in the markets they are active in.

4. Reference
The Reference section includes background information about UK and international stock indices. Topics covered include basic facts about the market, trade codes, a timetable of the trading day, a timetable of company results announcements, and a look at the original constituents of the FT 30 of 1935 and the FTSE 100 of 1984.

www.stockmarketalmanac.co.uk
@UKAlmanac

Reveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideas
Considered an indispensable source of cutting-edge research and ideas among the world's top investment firms and money managers, the journal The Manual of Ideas boasts a subscribers list that reads like a Who's Who of high finance. Written by that publication’s managing editor and inspired by its mission to serve as an "idea funnel" for the world's top money managers, this book introduces you to a proven, proprietary framework for finding, researching, analyzing, and implementing the best value investing opportunities. The next best thing to taking a peek under the hoods of some of the most prodigious brains in the business, it gives you uniquely direct access to the thought processes and investment strategies of such super value investors as Warren Buffett, Seth Klarman, Glenn Greenberg, Guy Spier and Joel Greenblatt.

Written by the team behind one of the most read and talked-about sources of research and value investing ideas
Reviews more than twenty pre-qualified investment ideas and provides an original ranking methodology to help you zero-in on the three to five most compelling investments
Delivers a finely-tuned, proprietary investment framework, previously available only to an elite group of TMI subscribers
Step-by-step, it walks you through a proven, rigorous approach to finding, researching, analyzing, and implementing worthy ideas

Apply a rigorous investment process and integrate social impact analyses to successfully select and invest in social impact investments
Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis is a must-read guide for investors and wealth managers entering the social finance investment space known as "impact investing." This book walks readers through the demanding task of properly executing an impact investment strategy, providing solutions to some of the most vexing challenges that arise when investing for both financial return and social impact. Readers will learn how impact investing is different from other strategies, how the organization's mission affects investment decisions and structures, and what to look for in an organization prior to investing. A running example of a village distribution company illustrates the methods and concepts in action, and a full-fledged case study utilizing downloadable professional level analytical tools consolidates all examples into a real-world setting.

Impact investing is generating significant momentum, but many individuals operating in this space come from alternative backgrounds and lack the knowledge to form a rigorous investment process. Disparate funding sources, immature markets, variations in fund economics, and the need to generate and report social impact all complicate the industry even further, creating a barrier for curious investors. This book is a guide to applying standard investment processes and social impact analyses to impact investing, helping readers:

Adjust standard analysis techniques to suit the particularities of impact investing
Discover how social mission influences the entire investment from entry to exit
Plan and execute a robust custom impact investment strategy
Understand social impact entities and the management of impact investments
Investing with the goal of social impact doesn't remove the need for rigorous investment techniques and diligent processes. Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis is a guide to putting it all together, for a more targeted approach to impact investing.

Rewire your brain for investing success
As an investment advisor to high net worth individuals, Wai-Yee Chen has spent years watching her clients make investment decisions—some good decisions and some not-so-good decisions. Though confronted by the same market variables, those clients often make very different choices with very different results. Here, Chen argues that it's usually not the data that affects investor decision-making as much as the way investors themselves think. In NeuroInvesting, Chen argues that investors can change the way they think in order to change the way they invest. She presents four elements that affect investor decision-making and reveals how investors can rewire their brains to make better investing decisions for better returns.

Uses neuroscience to explain how successful investors think different
Written by an experienced investment advisor who works at one of Australia's premier retail brokers
Explains investing using real-world stories about investors from an advisor's perspective
When it comes to investing, how you think has a huge impact on how you make investing decisions. Based on the real science of how people think, NeuroInvesting offers every investor a chance to change the way they invest by changing the way they think.

Shares Made Simple, written by highly respected financial journalist Rodney Hobson, tears away the mystique and jargon that surrounds the stock market. It takes you step by step through the most basic concepts of stock market investing, carefully explaining issues such as:

- What shares are and how they are bought and sold
- Why share prices go up and down
- Why some companies' shares look cheap while others appear to be expensive
- The hidden traps for the unwary

This fully revised and updated second edition of this bestselling book sets out to create a level playing field between the stock market professionals and the small investor. As rising living standards and inherited cash provide assets for investment, no-one needs to suffer pitiful bank interest rates when there is real money to be made in sharing the nation's wealth.

Thousands of investors have already benefited from Rodney's clear explanation of the stock market - now you can too.

An up close look at an investment strategy that can handle today's uncertain financial environment
Market uncertainty cannot be eliminated. So rather than attempt to do away with it, why not embrace it? That is what this book is designed to do. The Permanent Portfolio takes you through Harry Browne's Permanent Portfolio approach—which can weather a wide range of economic conditions from inflation and deflation to recession—and reveals how it can help investors protect and grow their money.

Written by Craig Rowland and Mike Lawson, this reliable resource demonstrates everything from a straightforward four-asset Exchange Traded Fund (ETF) version of the strategy all the way up to a sophisticated approach using Swiss bank storage of selected assets for geographic and political diversification. In all cases, the authors provide step-by-step guidance based upon personal experience.

This timeless strategy is supported by more than three decades of empirical evidence
The authors skillfully explain how to incorporate the ideas of the Permanent Portfolio into your financial endeavors in order to maintain, protect, and grow your money
Includes select updates of Harry Browne's Permanent Portfolio approach, which reflect our changing times
The Permanent Portfolio is an essential guide for investors who are serious about building a better portfolio.

Second edition featuring a brand new foreword.

If you had put $10,000 in Buffett's original investing partnership at its inception in 1956, you would have collected about $293,738 by the time he dissolved it at the end of 1969. He had never suffered a down year, even in the severe bear markets of 1957, 1962, 1966, and 1969. When the partnership was wound up, you could have elected to stay with Buffett as a shareholder of Berkshire Hathaway, Inc., which was spun off from the partnership and became Buffett's investing vehicle. In that event, your $10,000 would by the end of 1986 have turned into well over $5 million.

So, John Train introduces the remarkable story of Warren Buffett in his classic text, 'The Midas Touch'. First published in 1987, 'The Midas Touch' was one of the first books to recognise Warren Buffett's spectacular record, and to attempt to explain how he achieved his success. It is short, lucid and written with style and wit. A worthy testimony to its remarkable subject.

From the back cover of the book:

This is the book that tells readers how to invest like the man known as 'the Wizard of Omaha' (Forbes) and the investor with 'the Midas Touch' .

Warren Buffett is the most successful investor alive - the only member of the Forbes 400 to have earned his fortune entirely through investing. Bestselling author John Train analyzes the strategies, based on the value approach, that have guided Buffett in his remarkable career, strategies that work even though Buffett operates a thousand miles from Wall Street.

Have you ever wondered how the top City traders make big profits from share trading? Do you know why the best investors know exactly when the market is going to rise or fall? And do you wish you could do the same?

By following 20 hard and fast rules,Trading Secrets shows you how you can make the same high returns as experienced investors and traders. Using historical, economic and technical trend analysis from the last fifty years, it identifies ways for you to capitalise on such events as the clocks going back or moving forward, religious holidays, major sporting events and even the US presidential election.

Written for both experienced investors and also those with little knowledge of the stock market, Simon Thompson’s practical investing guide offers trading strategies that you can use over the short-term or the long-term. It covers economic and stock market cycles so that you can be confident in your trading strategies, even when the market is falling.

Armed with Trading Secrets, investing will not only be enjoyable, but highly profitable too.

“Simon Thompson is arguably one of the best stock-pickers of his generation, and the consistent results produced by his strategies put professional fund managers to shame. He’s one of few financial journalists who can make investment analysis a gripping read!”

Matthew Vincent, Personal Finance Editor, Financial Times

“He is always insightful and concise with an enviable track record of correctly identifying trends. Anyone who has listened to his advice will have weathered the downturn comfortably and will be ready to profit whatever the market conditions.”

Dr Stephen Barber, Head of Research, Selftrade

Financial Times Guide to Income Investing is the complete reference guide for all investors wanting their shares and investments to provide market beating — and continuous — income.

 

This book provides you with the necessary tools of the trade so you can work out the best strategy to follow guiding you through the mainstream, and not so mainstream, investment vehicles.

 

Beginning with an introduction describing the basics of risk, return, volatility, structure, inflation and investing, the book introduces the simplest and safest products and funds before moving on to those higher risk strategies that will pay the highest income.

80 must-read tips and techniques for trading success

Trading shares can make you rich - but it's not risk-free. You need years of experience to navigate the dangers and seize the best opportunities.

Malcolm Stacey has done the hard work for you: he's learned how to be successful through years of his own trading and countless conversations with top traders. Now he's ready to share this knowledge and give you a head start.

Probably Britain's best-known shares blogger, Malcolm has traded from his armchair for nearly 30 years. He's gone through it all, from frothy bull market bubbles to crunching crashes.

As a BBC business reporter, he interviewed some of the most successful share traders in the world who revealed to him their top-secret strategies and tips. He's also spoken to countless business leaders to learn what makes a good company - the kind you want to be backing with your cash.

In Share Attack he distils all of this into 80 vital trading tips and techniques that you can put into practice right now.

Filled with insight and experience, Share Attack is a trading book with teeth - a fascinating beginner's guide for those who want to start trading more actively. It's fast-moving and entertaining - and packed with years of techniques, tricks and red flags. You'll learn from Malcolm's early mistakes and benefit from his successes.

Malcolm can't guarantee to make you rich by trading shares, but you can give yourself a vital edge by learning the top secrets of those who've done it all before. It's time for the Share Attack!

Securities are the fundamental tools and products of investment banking. They can be broadly categorized into debt - including banknotes, bonds and debentures, equity and derivative financial instruments that range from options and swaps to very complex and risky trading strategies. It is a multi-billion dollar business based on sophisticated financial models and pricing techniques.

Mastering Investment Banking Securitiesis a comprehensive guide to these trading instruments, their trading practices, pricing techniques and associated risks. It includes:

• An introduction to investment bank structures, divisions and their roles

• All commonly traded money market and capital market instruments

• The most popular interest rate, equity, commodity and credit- linked financial instruments

• A wide range of derivative securities

• Details of pricing and valuation tools and the key pricing techniques

• The fundamentals of credit risk and market risk

• A glossary of key terms

How to invest money in secure, high-return assets

Alternative assets offer a proven means of diversifying your financial portfolio away from the volatility of the markets. In the past, investors have looked to property, hedge funds or private equity to accomplish this - but the safety and high returns they sought there have perished in the wake of the 2007-2009 financial crisis. As an antidote to this, experienced investment writer Peter Temple here introduces those tangible, and often portable, assets whose returns are impressive but whose value is not so subject to unsustainable bubbles or precipitous collapse.

Including everything from fine wine and rare books to stamps, art and diamonds, these alternative assets can serve as a store of value in the good years as well as in troubled times. Often with restricted supply they offer real security of value. And, though their value is concentrated in capital growth, their liquidity is often impressive; and their aesthetic appeal enduring.

A detailed overview of each sector is presented, including:

- the size and shape of the market, and its key historical and modern trends
- collecting areas and portfolio strategies for investors of all sizes
- the degree of volatility or cyclicality in the market, as well as its liquidity
- the long-term returns that can reasonably be expected based on the past
- whether or not there are tax advantages available
- how best to buy and sell, and through whom.

The book also provides extensive directory resources for where to go for more information - and where to start investing - with each tangible investment area.

This comprehensive and authoritative book shows investors and their advisors how they can use tangible assets as a means of diversifying a portfolio and securing wealth for the long term. It is an essential handbook for anyone interested in making rare, valuable and often beautiful possessions a part of their investment strategy.

Investing for a Lifetime is designed to make saving and investing understandable to the investor. Wharton Professor Richard C. Marston, 2014 recipient of the Investment Management Consultants Association’s prestigious Matthew R. McArthur Award, guides an investor through the main investment decisions throughout a lifetime.

Investing for a Lifetime shows:

how younger investors can set savings goals
how both younger and older investors can choose investment portfolios to achieve these goals
how investors can sustain spending once reaching retirement.
Younger and older investors alike should understand savings goals that will provide enough income to sustain spending in retirement. They should devise rates of saving that allow them to reach their goals by the time of retirement. Though retirement is often the main goal of investing, it’s not the only one. Marston discusses how funding a child’s education or saving for a down payment for a home affects overall saving.

Sensible investing is also necessary for savings goals to be realized. Investing need not be complicated, but Marston explains that a diversified portfolio should include a mix of different types of U.S. stocks, foreign stocks, real estate as well as bonds. He describes each of these asset classes and shows how they fit in an investor’s portfolio. He shows how investors can monitor the performance of their portfolios by establishing benchmarks for each asset class to judge how well their investments are doing.

He focuses particular attention on those investors nearing retirement. In today’s low interest rate environment, he discusses whether it is possible to fund retirement from interest and dividends alone. He shows how savings combined with Social Security can fund retirement spending. And he asks how the “New Normal” of lower returns might force investors to save more than in past decades, and to spend less in retirement than in the past.

Investing for a Lifetime is for investors who want to understand more about the savings and investment process, particularly those who worry about whether their retirement savings will last a lifetime.

How does one spot the bottom of a bear market? What brings a bear to its end?

There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.

In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.

By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.

This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.

They are the world's best - the professional investors at the head of global investment funds and the mavericks operating from behind nothing more than a laptop and a point of view; some with millions of pounds at their disposal and the fate of companies and customers' savings hanging on their decisions, others with nothing more (or less) than their reputation and their own fortune on the line.

What sets them apart from the thousands of other investors out there is their track record. The professional investors who have contributed to this book include multiple award winners, fund managers who have managed to double or triple investment returns every two years, as well as the heads and founders of firms with billions - occasionally trillions - under management and half a century of profits to which they can point.

There are no better investors to learn from when making your own way in the markets, and this book is the indispensable collection of the secrets behind their success, straight from the investors themselves.

Featuring the investing rules of award-winning experts in Asian, Latin American and Western markets, contrarian specialists, mutual fund managers and more, Professional Investor Rules is a compelling snapshot of some of today's best investing minds. No investor can afford to be without it.

For the first time, the tactics, strategies and insights relied on by 150 of the world's most respected financial experts are revealed in a concise, digestible form. Learn how you really make money in the markets from:

- fund managers of billion-pound equity funds
- traders in the options and futures markets
- industry-rated analysts
- economists from top business schools
- writers on leading financial newspapers

Each provides focused and practical rules on how to succeed in the market. Often counter-intuitive, their rules tell you exactly what to do and what not to do. No padding; just a rock-hard list of do's and don'ts.

The contributors to this book are the elite of investing. They consistently beat the market because they know which shares to buy, at what price, and when. And, just as importantly, they know when to sell.

Never before has so much quality advice been packed into a single book. If you want to increase your wealth through investing, this is an unmissable opportunity to acquire knowledge and skills from the best in the world.

The Financial Times Guide to Using and Interpreting Company Accounts is designed for the non-accountant manager, investor or entrepreneur who is expected to have financial knowledge but may not have accounting training.

Wendy McKenzie approaches the project via three key points: What information will I find in these accounts?; How do I analyse the accounts?; How can I use my analysis?

Using publicly available actual accounts, the book begins by covering the 'numbers' from company accounts then moves on to information such as the financial review and then explains the logic of the accounts. To help with the interpreting of the numbers Wendy shows the reader how to understand issues such as cash flow, what this will tell you about a company, how to consider a competitor's accounts and how to perform ratio calculations to help with company analysis.

Described by the author as "a slightly autobiographical and heavily biased book about investing", Simple But Not Easy has plenty of interest to the experienced professional, and is aimed also at the interested amateur investor.

The theme of the book is that investment is simpler than non-professionals think it is in that the rudiments can be expressed in ordinary English, and picked up by anybody. It is not a science. But investment is also difficult. People on the outside tend to think that anyone on the inside should be able to do better than the market indices. This is not so. Picking the managers who are likely to do better is a challenge.

Richard Oldfield begins with a candid confession of some of his worst mistakes and what they have taught him. He discusses the different types of investment, why fees matter, and the importance of measuring performance properly. He also outlines what to look for, and what not to look for in an investment manager, when to fire a manager, and how to be a successful client.

Fully revised and updated second edition!

Multiply Your Money offers an easy-to-follow route through the money labyrinth, cutting through jargon and showing that controlling your financial destiny is not just rewarding, but easy and fun too!

Start early, and for the cost of a large takeaway coffee or lunchtime sandwich a day you can create a stream of savings that will grow and grow, providing you with financial independence and security into retirement.

Learn how to:

- Start saving for your own destiny
- Make compound interest work hard for you
- Invest sensibly in the market for long-term gains
- Turn the tables on debt
- Beat the investment experts at their own game
- Gain confidence dealing with your money
- Choose the right pension
- Get on top of taxes

Sovereign Wealth Funds (SWFs) - state investment vehicles based on balance of payment surpluses - have come increasingly under the scrutiny of public opinion over the past decade. Their remarkable investments in developed economies have also attracted the attention of politicians, academics and financial operators.

At first ignored, then seen as a cause for concern, they finally came to be viewed as stabilising agents amid the troubles of the 2007-2009 financial tsunami. Having sponsored the bailouts of some significant Western banks, SWFs underwent a phase of retrenchment concomitant with the shrinking of economic growth, the bursting of financial and real-estate bubbles and the emphasis on refocusing liquidity on domestic markets that followed in the wake of the crisis. Since the second half of 2009, however, SWFs have adjusted targets and strategies to the new financial paradigm and re-engaged in the global economy, proving to be major players in the international financial markets.

The universe of SWFs symbolises a shift in the balance of economic power, with the dominant areas being the Gulf Council countries, China, Singapore, Russia, Libya and Norway. It is also an area of finance that has hitherto remained - and not accidentally - profoundly obscure. This book presents comprehensive research and analysis of this shift, as well as the related issue of transparency. It furthermore brings together the best research and information available on the activities of SWFs, detailing previously hard to find operational information.

In this book the authors answer key questions, such as:

- What defines a SWF?
- When and how did SWFs emerge?
- What investment strategies do SWFs pursue?
- What are the main financial, economic and political consequences of the operations of SWFs?
- What reactions have SWFs triggered in their domicile countries and abroad?
- Is transparency in SWFs really important and for whom?
- What approach has been taken by international organisations towards SWFs?

'Sovereign Wealth Funds' provides a detailed guide to an area of finance worth trillions of dollars, involving many of the world's governments, and affecting a wide array of sectors. It should prove essential reading for anyone looking to understand this international financial phenomenon.

Rodney Hobson, author of bestseller Shares Made Simple, is back with a brand new book designed to help you build a balanced share portfolio that provides dividend income, whether you're just starting out or ready to retire.

Dividends - the distribution of part of a company's earnings to shareholders, usually twice a year - can be a valuable income stream for anyone. Designed for longevity but particularly pertinent in times of low interest rates, The Dividend Investor is packed with real-life examples and analysis of how to gain such
added income through reliable shares with healthy dividends.

Topics made simple with Hobson's classic style include: ratios, yield, dividend cover, the dividend payout ratio, total return, cash flow, burn rate, gearing or leverage, interest cover, earnings per share and the price/earnings ratio. Plus the advantages and disadvantages of shareholder perks.

If you're looking to make the most from your investments, then this book is for you.

This book provides straightforward quantitative strategies that any investor can implement with little work using simple, free or low-cost tools and services.

But what exactly is quantitative investing?

There are various possible definitions of quantitative investing, but the author defines it as:

"Identifying reasonable and measurable hypotheses about behaviours of the financial market so as to make investment decisions with an acceptable confidence in expected returns and risks."

The main advantages in using quantitative models are that they:

- make the investment process independent of opinions and emotions (the most important factor for an individual investor), and
- make it reproducible by anyone at any time (the most important factor for a fund)

With a set of good strategies, quantitative investing allows one to act in the market at specific pre-planned times. It is possible to work on this just once a week or month, and ignore charts and the news. It removes most of the doubts and emotions with the discipline of keeping a long-term vision and sensible money management. This book will show you how.

The world is upside down. The emerging market countries are more important than many investors realise. They have been catching up with the West over the past few decades. Greater market freedom has spread since the end of the Cold War, and with it institutional changes which have further assisted emerging economies in becoming more productive, flexible, and resilient. The Western financial crisis from 2008 has quickened the pace of the relative rise of emerging markets - their relative economic power, and with it political power, but also their financial power as savers, investors and creditors.

Emerging Markets in an Upside Down World - Challenging Perceptions in Asset Allocation and Investment argues that finance theory has misunderstood risk and that this has led to poor investment decisions; and that emerging markets constitute a good example of why traditional finance theory is faulty. The book accurately describes the complex and changing global environment currently facing the investor and asset allocator. It raises many questions often bypassed because of the use of simplifying assumptions and models. The narrative builds towards a checklist of issues and questions for the asset allocator and investor and then to a discussion of a variety of regulatory and policy issues.

Aimed at institutional and retail investors as well as economics, finance, business and international relations students, Emerging Markets in an Upside Down World covers many complex ideas, but is written to be accessible to the non-expert.

Based on interviews with the world's most-successful value investors, The Art of Value Investing offers a comprehensive set of answers to the questions every equity money manager should have thought through clearly before holding himself or herself out as a worthy steward of other people's money. What market inefficiencies will I try to exploit? How will I generate ideas? What will be my geographic focus? What analytical edge will I hope to have? What valuation methodologies will I use? What time horizon will I typically employ? How many stocks will I own? How specifically will I decide to buy or sell? Will I hedge, and how? How will I keep my emotions from getting the best of me?

Who should read The Art of Value Investing? It is as vital a resource for the just starting out investor as for the sophisticated professional one. The former will find a comprehensive guidebook for defining a sound investment strategy from A-to-Z; the latter will find all aspects of his or her existing practice challenged or reconfirmed by the provocative thinking of their most-successful peers. It also is a must read for any investor – institutional or individual – charged with choosing the best managers for the money they are allocating to equities. Choosing the right managers requires knowing all the right questions to ask as well as the answers worthy of respect and attention – both of which are delivered in The Art of Value Investing.

‘One of the best books on stock market investing that I’ve ever read.’

Christopher Gilchrist, Editor, The IRS Report

 

‘Lucid and perceptive – any intelligent person can follow this guide and be on equal terms or better with the best professional money managers.’

Dr Peter Johnson, Saïd Business School, Oxford University

 

 

Is your investment strategy right for you?

 

Could you be making more money?

 

The Financial Times Guide to Selecting Shares that Perform helps you identify the approach to buying and selling shares that is best suited to you. It will help you to align your strategy based on the time and money you have available, taking into account your overall objectives and your attitudes to risk and loss.

 

In this thoroughly updated fifth edition of their bestselling investment classic, Richard Koch and Leo Gough explain 10 distinctive and proven investment techniques for you to choose from. They describe the different tactics needed to succeed in today’s market conditions and show you how it can be fun and profitable to try to beat the stock market.

 

The Financial Times Guide to Selecting Shares that Perform gives you:

• 10 proven approaches to selecting successful shares
• A quiz to help you identify what kind of investor you are and what strategy is right for you
• Practical advice to help you trade more confidently on the stock market
• Examples and explanations of successes and failures
• Convincing reasons why you should manage your own share portfolio

Simple yet effective advice for anyone who wants their money to work harder than they do.

 

Most investment books offer a bewildering array of complex strategies for how best to invest your money. But often the chances of success are remote and the rules are impossible to follow in practice.

 

Smarter Investing introduces you to a simple and powerful set of rules for successful investing, helping you to build an investment portfolio that suits your needs, stays the course when markets get rough and quietly gets on with the job of generating better results.

 

In this updated and revised edition, Tim Hale gives you all the advice you’ll need and demonstrates that the key to successful investing is to do a few straightforward things exceptionally well. Smarter Investing will help you:

 

• Establish what you want your money to do for you
• Work out how much money you need to achieve your goals
• Avoid the mistakes that generations of investors have made
• Build a balanced portfolio that’s right for you, using a simple set of understandable and accessible building blocks
• Select robust and transparent investment products easily and effectively

Although many people consider bloody-mindedness and stubbornness as being perfect qualifications for a contrarian investor, the approach is in fact a little different than that. Yes, it requires one to act against the crowd. However, it is futile to do so without good reason. A naïve contrarian investor pops into a pub looking for a fight and is delighted if his first opponent is Lennox Lewis. A more seasoned contrarian looks to fight only little old ladies. But looking for the right opponent in a local pub is far from straightforward - little old ladies can sometimes be veteran jujitsu champions - and detecting the easier battles in the stock market is similarly challenging. At first blush, many stocks are attractive and other appealing stocks may initially look like dogs.

There is no trustworthy shortcut to separate the dogs from the delightful. The long cut is the implementation of much hard work. Hard work as in understanding a company's business model, why other investors hate it, what positive factors they might have missed, how its balance sheet and cash flow interact, and whether its valuation is sufficiently attractive. None of that is rocket science perhaps, but that does not make it easy. The bull arguments are often well hidden and can only be discovered through meticulous work, a sceptical mindset, and deep thought.

In this collection of his writings, top fund manager Alastair Mundy takes a contrarian look at a host of topics and issues, providing a range of ideas and approaches and encouraging investors to think hard about their approach to investment. This book should be essential reading for any investor - contrarian or otherwise.

Corporate actions are normally considered as incidental to the business of investing and marketing investments, but in fact they are highly relevant. The aim of this concise guide is to define what corporate actions are, list and describe the main corporate actions and show how individual corporate actions are applied to investors' holdings of securities. This will give an overview of the way in which the corporate actions processing function works both in the UK and other important global markets.

The guide is designed to be an introduction to corporate actions for investment industry practitioners in general. Those starting out in corporate actions processing will find it a helpful outline, but it is also designed to be useful for all who encounter corporate actions tangentially in disciplines such as fund management or financial advice provision. Different industry participants have differing interests in corporate actions, and for the sake of consistency the guide is (mainly) written from the point of view of the beneficial owners of securities.

The first section of the book deals exclusively with equity corporate actions, providing the definitions of a corporate action and the legal framework(s) underpinning corporate actions, followed by a look at the most significant actions one by one, and then a detailed examination of the staging of some of these. The corporate actions of debt securities are given separate treatment later in the book.

Next the focus moves from the corporate actions themselves to the industry that has grown up to process them, covering respectively the corporate actions industry, its efficiency and its progress (recent and future).

After that the author takes a look at the impact of successive corporate actions on one particular share and shareholdings in it. This is then followed by a look at the scope investors have for influencing such events through shareholder voting.

The final chapter looks at how corporate actions are treated in the context of stock indices, stock charts and a number of more complex investments.

Those who simply require a handy and straightforward introduction to specific corporate actions will find the quick guide to the content and the glossary of corporate actions terms especially useful.

This guide provides a snapshot of the current state of affairs in the corporate actions industry, alongside some of the forces for change that are at work. The aim has been to provide sufficient detail to give the reader a working model that is helpful in navigating the corporate actions universe.

The Financial Times Guide to Options, will introduce you to the instruments and markets of options, giving you the confidence to trade successfully. Options are explained in real-life terminology, using every-day examples and accessible language. Introducing three key options markets – stocks, bonds and commodities, the book explains options contracts from straight vanilla options to strangles and butterflies and covers the fundamentals of options pricing and trading   

 

Originally published as Options Plain and Simple , this new edition includes:

 

• How the options industry operates and how basic strategies have evolved

• Risk management and how to trade safely

• Inclusion of new products such as exchange traded funds

• A glossary of key words and further reading 

• Addition of market scenarios and examples

Like all investment strategies, options offer potential return while incurring potential risk. The advantage of options trading is that risk can be managed to a greater degree than with outright buying or selling.

 

The Financial Times Guide to Options is a straightforward and practical introduction to the fundamentals of options. It includes only what is essential to basic understanding and presents options theory in conventional terms, with a minimum of jargon. This thorough guide will give you a basis from which to trade most of the options listed on most of the major exchanges.  The Financial Times Guide to Options includes:

 

• Options in everyday life
• The basics of calls
• The basics of puts
• Pricing and behaviour
• Volatility and pricing models
• The Greeks and risk assessment: delta
• Gamma and theta
• Vega
• Call spreads and put spreads, or one by one directional spreads
• One by two directional spreads
• Combos and hybrid spreads for market direction
• Volatility spreads
• Combining straddles and strangles for reduced risk
• Combining call spreads and put spreads
• The covered write, the calendar spread and the diagonal spread
• The interaction of the Greeks
• Options performance based on cost
• Trouble shooting and common problems
• Volatility skews
• Futures, synthetics and put-call parity
• Conversions, reversals, boxes and options arbitrage

Investing can be a passport to a better life. But where should you invest your money?

Mark Dampier has been helping thousands of investors answer this question for over 30 years. In his first ever book he brings together everything he has learnt from grilling fund managers, weighing up investments and surviving through dramatic ups and downs. The result is the must-read insider’s guide for how to succeed as a DIY private investor.

As Mark explains, successful investing doesn’t have to be complicated or time-consuming. Armed with this book, you can find effective ways to make your money work for you, no matter how much or how little you start out with.

Writing in plain English and using real-life examples throughout, Mark reveals:

- the secrets of picking the best investment funds
- how he invests his own savings and pension fund
- starter portfolios for first-time investors
- the most common traps that investors fall into
- the trouble with buy-to-let and other popular alternatives.

With today’s powerful online platforms and generous tax incentives (also outlined in the book), the markets have never been more accessible. But success without a plan is far from guaranteed. Effective Investing is the guide you’ve been waiting for to make sure you get what you want from your investing.

This book gives a scientific and systematic approach to trading in emerging stock markets. As professional traders do not trade purely on the basis of the economic fundamentals, but also take into account market movements generated by other factors (noise trading), knowledge of technical analysis is important to anyone who would like to participate successfully in the stock market.

Second, the existence of a skew towards reliance on fundamental analysis at longer horizons suggests that models based on economic considerations will be more important on the long run. Third, the existence of a skew towards reliance on technical analysis at shorter horizons suggests that models based on short term considerations (noise) will be more important in the short term. The present book gives a base for practitioners as well as students to learn the tricks of the trade through examples and case studies.

STAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUT THE FUTURE AND TRUSTING TECHNIQUES THAT WORK

Today there are as many investment opinions as there are people. But as many a scorned investor can attest, predicting the future isn't easy. In fact, Being Right or Making Money, Third Edition explains that reliably predicting the future is often not even possible. The good news is that it isn't necessary either. Once you stop trying so hard to be right about the future, you can start making money.

Being Right or Making Money, Third Edition contains a position trading strategy that any serious investor will want to keep nearby. Using the unbiased, objective standard in this book, you can stay on-target for profit in all market conditions. You'll learn how to create asset allocation models in both stocks and bonds, how to make sense out of contrarian opinion, and how to use indicators to keep you focused, no matter what.

You won't find any shock-and-awe investing tactics in this book. Instead, Being Right or Making Money, Third Edition presents the solid trading model that has made Ned Davis Research Group a go-to source for market wisdom.

Secure your financial future before the next big bubble bursts
Aftershock provides a definitive look at the economic climate still ahead in 2015—and beyond—and details the steps you can take now to secure your financial future. Written by the authors who accurately predicted the financial crisis of 2008 and 2009, this book serves as both a warning and a game plan for investors looking to avoid catastrophic loss. This updated fourth edition has been expanded with new actionable insights about protection and profits in an increasingly confusing investment environment, and includes the latest data, updated charts and tables, and brand new coverage of monetary stimulus. With a look back at the domino fall of the conjoined real estate, stock, and private debt bubbles that triggered the last major crisis, this book paints a vivid picture of what to expect the next time the world's economy pops. You'll learn how to protect your assets before and during the coming fall, and how to capitalize on the opportunities everyone else is missing.

The housing bubble has popped, toppling banks and sending shockwaves of stock market misery around the world. It may seem like the worst is over. It's not. This book shows you what's still to come, and how to ride the crest instead of being sucked under.

Learn when, why, and how the global bubble will burst
Understand the repercussions that will reach into your accounts
Get up to date on the data, with expert analysis and insight
Start protecting yourself now with a few smart investment moves
The stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles will burst, driving up unemployment, devaluing the dollar, and causing deep global recession. Aftershock helps you fortify your assets before the wave so you can enjoy clear skies after the storm.

Take an active management approach with liquid alternatives to increase R.O.I.
Take advantage of inefficiencies in the market by investing in alternative assets. Hedge fund and private equity investment diversifies your portfolio and helps shield you from market volatility, allowing your more passive assets to work the long game. In Tactical Portfolios: Strategies and Tactics for Investing in Hedge Funds and Liquid Alternatives, author Bailey McCann guides you through the principles of hedge fund investment and the associated philosophies of risk management strategies. McCann's background in reporting and analyzing government policy and regulatory issues positions her as a valuable source of strategic investment advice. As Senior Editor of Opalesque's Alternative Market Briefing, her take on the market is read by every one of the top 100 hedge fund managers on a daily basis. In Tactical Portfolios: Strategies and Tactics for Investing in Hedge Funds and Liquid Alternatives, McCann goes in-depth on important topics.

Strategies for equities, managed futures and fixed income
What to expect and common misconceptions
Investment mechanics of specific strategies
Valuation, red flags, and regulatory changes
If your passive approach has failed to produce the desired results, liquid alternative investment may be the answer. While long/short will always be around, external forces can change its impact on your portfolio and it may be time to expand your investment arsenal. Tactical Portfolios: Strategies and Tactics for Investing in Hedge Funds and Liquid Alternatives will help you get the most out of any market.

It took the world's greatest investor, Warren Buffett, nearly four decades to make his first $100m. The Deals of Warren Buffett - Volume 1 charts the series of investments that made up that journey.

In revealing detail, and with a lucid descriptive style, experienced author and investor Glen Arnold explains Buffett's thinking behind these investment deals and shows how his cumulative returns compounded his wealth over time.

In this formative period, from 1941-78, Buffett developed and honed the investment philosophy that would lead him to become so successful as his career progressed. But it was not all plain sailing - Buffett made mistakes along the way - and Arnold shows how Buffett learned through success and failure how to select companies worth backing. Arnold also includes insightful 'learning points' at the end of each chapter, which reveal how investors can learn from the craft of Warren Buffett to improve their own investing.

Investments featured in this first volume include: GEICO, American Express, Disney, Berkshire Hathaway, See's Candies, and The Washington Post.

With stories and analysis drawn from decades of investing experience, join Glen Arnold and delve deeper in The Deals of Warren Buffett!

Investing is an activity that's rife with opportunity to fall into bad habits, be led astray or make decisions for the wrong reasons. Being aware of the behavioural traps and temptations that lie in wait for the unwary investor is the first step to avoiding them.

The Seven Deadly Sins were formulated in early Christian teachings to make followers mindful of man's natural vices - lust, gluttony, greed, sloth, wrath, envy and pride.

On the following pages, The Seven Deadly Sins are adapted to the world of multi-asset investment, revealing the all-too-common investor tendencies that the authors look to avoid in order to achieve reliable long-term performance.

Stop procrastinating and become financially free, by building asset-based wealth and creating passive income.
The Wealth Dragon Way: The Why, the When and the How to Become Financially Free is a practical guide to becoming financially free through building asset-based wealth and creating passive income. Part motivational, part informational, this guide will change your whole perspective on wealth and your personal growth potential. The book discusses both moral and monetary wealth, and looks at how we are easily misled and influenced by media-driven myths surrounding money, debunking notions such as the idea that there is no truly moral way to become wealthy, or the belief that the state will provide for us in retirement, and more. You'll discover new truths surrounding the subject of wealth, and get to the root of your own procrastination over planning for your financial future. You will learn how to tackle your fears and overcome the issues holding you back. You will also read real-life examples of how two property entrepreneurs built their significant portfolios using alternative strategies such as using lease options, and structuring and securing deals at below market value. Along the way, you'll learn what it means to become a Wealth Dragon, and the key principles to live by if you're ready to work towards achieving real financial freedom.

You are far more likely to achieve personal wealth if you are one hundred percent clear as to why you want it. This book explores the psychology of our relationship with money and offers a practical advice for anyone who is determined to meet their goals and realize their dreams.

Bust the myths surrounding the subject of wealth
Start taking control of your financial future
Adopt the key Wealth Dragon principles
Discover your full potential for financial and personal growth
The importance of taking control of your financial future cannot be overstated, especially in these economically uncertain times. Whether you want to quit the rat race, build some assets as security, or develop a branded business that will provide you with a passive income, The Wealth Dragon Way is your guide to building wealth and becoming financially free.

Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner’s game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser’s game. Common sense tells us—and history confirms—that the simplest and most efficient investment strategy is to buy and hold all of the nation’s publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the only investment that guarantees you with your fair share of stock market returns.
To learn how to make index investing work for you, there’s no better mentor than legendary mutual fund industry veteran John C. Bogle. Over the course of his long career, Bogle—founder of the Vanguard Group and creator of the world’s first index mutual fund—has relied primarily on index investing to help Vanguard’s clients build substantial wealth. Now, with The Little Book of Common Sense Investing, he wants to help you do the same.

Filled with in-depth insights and practical advice, The Little Book of Common Sense Investing will show you how to incorporate this proven investment strategy into your portfolio. It will also change the very way you think about investing. Successful investing is not easy. (It requires discipline and patience.) But it is simple. For it’s all about common sense.

With The Little Book of Common Sense Investing as your guide, you’ll discover how to make investing a winner’s game:

Why business reality—dividend yields and earnings growth—is more important than market expectations
How to overcome the powerful impact of investment costs, taxes, and inflation
How the magic of compounding returns is overwhelmed by the tyranny of compounding costs
What expert investors and brilliant academics—from Warren Buffett and Benjamin Graham to Paul Samuelson and Burton Malkiel—have to say about index investing
And much more
You’ll also find warnings about investment fads and fashions, including the recent stampede into exchange traded funds and the rise of indexing gimmickry. The real formula for investment success is to own the entire market, while significantly minimizing the costs of financial intermediation. That’s what index investing is all about. And that’s what this book is all about.

An updated look at best rules of investing provided by two of the world's greatest financial thinkers
In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel—two of the world's greatest financial thinkers—have again combined their talents to produce a straight-talking book about investing and saving. Written with every investor in mind, this reliable resource will put you on a path towards a lifetime of financial success.

Page by page, Malkiel and Ellis skillfully focus their message to address the essentials and offer a set of simple, but powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's" approach to investing. All the investment rules and principles you need to succeed are here—with clear advice on how to follow them.

Shows you how to focus on the long term instead of following market fluctuations that are likely to lead to costly investing mistakes
Contains investment insights that can carry you all the way to, and through, retirement
Written by Burton G. Malkiel, the bestselling author of A Random Walk Down Wall Street, and Charles D. Ellis, the bestselling author of Winning the Loser's Game
A disciplined approach to investing, complemented by understanding, is all you need to enjoy success. This practical guide explains what you really need to know and puts you on the right course for long-term success through all kinds of markets.

Learn how to evaluate any investment fund before deciding where to place your money so you can ensure you generate more wealth and protect your cash.

 

This valuable guide will help you make the right investment decisions by:

- Explaining the procedures that should be followed before investing money anywhere.

- Helping you cut through marketing language to get a real sense of how risky a company’s strategy may be.

- Showing you what questions to ask of investment fund managers so you’re more comfortable investing in a company.

- Showing you how to recognise the warning signs of risky investments.

 

This book will also help you identify companies who consistently deliver high returns, thereby allowing you to generate more wealth by investing in successful, and stable, funds.

To make money in this troubled economy you need to understand where the markets are headed, not where they've been. Clinging to outdated strategies and played out market trends are sure ways to miss out on new investments, and in The Little Book of Bull's Eye Investing, acclaimed investment expert John Mauldin teaches you how to read the direction of the markets to make decisions that capitalize on today's investment opportunities.
A practical road map to what?s in store for the markets to help you stay ahead of the curve, the book debunks many of the myths that have come to govern investment logic, particularly the buy-and-hold, relative return vehicles that Wall Street peddles to unsuspecting investors. Giving you a clear view of the trends shaping the markets right now which are likely to provide investment options for the decade ahead, The Little Book of Bull's Eye Investing teaches the value of careful research before you put your money to work.

Whether the market is on its way up or down, there are always excellent opportunities to invest profitably. You just need to know where they are. Looking at how the markets have behaved in the past to make an educated prediction about where they're going, The Little Book of Bull's Eye Investing explains how to make investment decisions that make sense today, whether you're trading stocks, bonds, gold, real estate, or anything else.

Making the most of the markets is like hitting a moving target - difficult, but not impossible - and with The Little Book of Bull's Eye Investing in hand, you have everything you need to improve your eye for investing and make stable and secure trading decisions that can turn a profit in even the most turbulent of times.

Get smart about personal finance with the art and science of negotiation
Negotiating Your Investments is an in-depth guide to applying the principles of negotiation to your personal finances. With expert insight into the before, during, and after of a successful negotiation, you'll learn how to prepare for and conduct important financial discussions with an eye toward getting the best possible outcome. The book contains practical, actionable guidance toward pursuing what you really want, and tools that can greatly improve your chances of getting it. Clear, concrete advice describes how to influence the other side, avoid being taken advantage of, and direct the conversation to your advantage.

As a rule, investors fail to negotiate over financial matters, to their great detriment. Improving returns, or reducing fees, by a mere 1 percent per year can make a remarkable difference in your bottom line. For example, a million dollar investment that returns 7.5 percent rather than 6.5 percent, over 30 years, will put an extra $2.1 million dollars in your pocket. On the other hand, that much money could easily go straight into someone else's purse. With that much money at stake, good negotiating practices become extremely valuable. Negotiating Your Investments provides the skills and tools you need to hold your own at the negotiating table while offering advice you can put to work immediately. Topics include:

The elements of negotiation – identifying goals, interests, commitments, alternatives, and power
Preparation, information exchange, bargaining, and closing and commitment – the four phases of negotiation
Asymmetric information, conflicts of interest, professionalism, and whom to trust
Investment vehicles and the economic science that lies behind wise investing
Hard economic truths involving past results, rational market pricing, diversification, interest rates, and the effect of costs on investment returns
While the focus is on personal finance, the book also includes techniques, analysis, and examples drawn from award winning negotiation courses. It explores the basic theoretical models of bargaining in depth. With Negotiating Your Investments, you'll gain the skills and confidence you need to be smarter, and get better outcomes, in both your financial affairs and the many other negotiations you conduct every day.

A little book full of enormous value for novices and seasoned venture capitalists alike
After having been thrown for a loop by the bursting of the tech bubble more than a decade ago, the venture capital industry suddenly has come roaring back to life over the past two years. In 2011 alone, more than $7.5 billion in venture capital was invested—representing more than a 19% increase over the previous year—in more than 966 companies. A majority of these companies reside in the life sciences, Internet, and alternative energy sectors.

In today's weak job market, VC is more important than ever, since financing new tech, alternative energy, media, and other small to mid-sized companies is vital to creating new jobs. Written by Lou Gerken, a noted international authority on venture capital and alternative investments, this book tells you everything you need to know about the venture capital industry's important role in enhancing economic growth and employment. It is also the perfect go to primer on making venture capital investments to enhance portfolio returns.

Highly accessible explanations of the ins and outs of venture capital for would-be investors and experienced VCs
Highlights the historical VC track record, and offers expert advice and guidance on venture capital exposure, investment options, sourcing opportunities and due diligence
Provides proven strategies for successful investment selection, timing, monitoring, and exiting for optimum returns
Features endorsements from luminaries of the VC world, including Kleiner Perkins Caufield & Byers co-founder Frank Caulfield, and Dr. Art Laffer, among others

Investing can seem simple, but there are an infinite number of ways to get to your goals and an infinite number of ways to fail.

To sharpen your investment skills, this book guides you through the key aspects of the fund management profession, working from a macro-industry overview to the micro details of security-valuation techniques, combining the benefits of academic experience with decades of industry experience.

This is something also found in the complementary online Market-Class investment simulator, where you can manage a $100m fund in a dynamic market and your decisions and those of fellow fund managers 'make the market'.

A smart investor doesn't rely on luck or guts, but on learning as much as possible to make the best decisions. Portfolio Management and Market-Class, with their uniquely rich insight into the real-life workflow of portfolio management, are a vital component in any investor's education.

The simplest way to make money in the stock market is to buy shares when they are cheap and make profits when their prices increase. This technique is known as value investing and is the creed of the world's most successful investor, Warren Buffett. But how do you know when a share price is cheap?

This book explains in simple terms how you can develop your own UK share and FTSE100 valuation spreadsheets to calculate share and market valuations. Comparing the valuations to current market prices reveals when shares are underpriced and produces calibrated buy and sell signals. The FTSE100 system, for example, indicates the periods when you should be invested in the FTSE100 and the periods when you should not be. Since 1984 the in-periods have produced 94 times more capital growth than the out-periods.

The new valuation system is the heart of this complete practical guide for managing your own investments. It shows how you should be able to double the value of your long-term investments purely through avoiding high commercial fund management fees. Using the new valuation system should help you do a lot better than this and, for example, secure a pension up to eight times larger than that provided by commercial managers.

As well as providing comprehensive information about the practical and profitable ways in which you can use the new valuation system, this book is a complete toolkit for creating personal wealth through UK equity investment. It includes risk controls, tax breaks, free information sources and recommendations on the best service providers. In short this book is your first step along the road to financial security.

This book looks at company announcements, focussing on those issued through the London Stock Exchange by listed companies.

Almost all these announcements - such as annual results, share buying by directors, profit warnings and updates on current trading - are required under stock exchange rules or European Union directives. This book explains these rules and shows how to make sense of the announcements; enabling investors and others to take informed decisions.

The book is divided into three sections:

Section A looks at what the rules are, why they have been imposed and how they have evolved to give private investors a much fairer opportunity of competing with professional investors.

Section B lists and explains the routine statements that all companies issue on a regular basis: trading statements and profit figures. It tells readers what to look for, explains company jargon and shows how to read between the lines when all is not as well as it seems.

Section C considers important announcements, such as profit warnings and directors' share dealings, that are issued on an irregular basis as they arise. It explains which announcements are likely to affect the share price and why.

'Understanding Company News' is for all those baffled shareholders who throw communications from their companies straight into the bin and any investors who read company pronouncements but perhaps naively take everything they see at face value. And anyone working in related industries looking to untangle these company announcements will also find this book extremely valuable.

Let the market come to you

Deep Value Investing by Jeroen Bos is an incredibly candid and revealing guide to the secrets of deep value investment. Written by an investor with a long and remarkable track record, it shares for the first time the ins and outs of finding high-potential undervalued stocks before anyone else.

Deep value investing means finding companies that are genuine bargains that can pay back phenomenally over the long term. They are firms so cheap that even if they were to close tomorrow their assets would pay you out at a profit. But if they can turn things around, the rewards will be many times greater ...

These were the favourite shares of Benjamin Graham, author of 'The Intelligent Investor'. Inspired by Graham's classic and with a long history of discovering these great value stocks - sometimes known as 'bargain issues' or 'netnets' - author and investor Jeroen Bos reveals:

- how to use only publicly available information to discover these shares and filter the gold from the dross

- everything he did when analysing, purchasing, monitoring and selling more than ten recent successful deep value investments

- the complete philosophy behind deep value investing, and the ins and outs of this strategy in practice

- what can go wrong and how to minimise the chances of it happening to you.

Deep value investing has a better track record than almost any other approach to the market. Even better, it doesn't require minute and technical knowledge of a company, nor is it fixated on earnings or often-unreliable future projections.

It's all about the balance sheet and patience. This makes it the perfect investing approach for those who want to see phenomenal stock market returns without wasting time or commission costs.

The era of buying and holding stocks is gone -- and will not return for some time. Now is the time to learn to target where the market is going to be, not where it has been, so you can invest successfully. Financial expert John Mauldin makes a powerful, almost irrefutable case regarding the future direction of the markets. He then details a new approach to investing that will allow you to adjust to the new reality of investing. You'll consider options beyond traditional stock portfolios as you learn to choose between the stable and secure investments that will enable you to profit in turbulent markets. Buy your copy of this must-read investment roadmap today.

The seductive elegance of classical finance theory is powerful, yet value investing requires that we reject both the precepts of modern portfolio theory (MPT) and pretty much all of its tools and techniques.

In this important new book, the highly respected and controversial value investor and behavioural analyst, James Montier explains how value investing is the only tried and tested method of delivering sustainable long-term returns.

James shows you why everything you learnt at business school is wrong; how to think properly about valuation and risk; how to avoid the dangers of growth investing; how to be a contrarian; how to short stocks; how to avoid value traps; how to hedge ignorance using cheap insurance. Crucially he also gives real time examples of the principles outlined in the context of the 2008/09 financial crisis.

In this book James shares his tried and tested techniques and provides the latest and most cutting edge tools you will need to deploy the value approach successfully.

It provides you with the tools to start thinking in a different fashion about the way in which you invest, introducing the ways of over-riding the emotional distractions that will bedevil the pursuit of a value approach and ultimately think and act differently from the herd.

Funds are an ideal solution for savers who want to invest in a variety of asset classes, such as equities and bonds, without having to commit the time and effort to becoming an expert themselves.

Not only do funds give you the ability to access some of the brightest investment brains in the world, they also enable you to access a wider range of markets and stocks than you could achieve directly, and to do so more efficiently.

However, with thousands of investment funds available available to investors, knowing how to select the right ones for your investment portfolio can be daunting. This candid eBook - written by a legendary investor in funds - solves this problem in a jargon-free, focused guide that is designed to take less than 30 minutes to read.

By removing the mystery surrounding successful investment in funds, and revealing what you should really look for, it empowers any investor to pick those funds with the greatest potential.

One of the undoubted highlights of the book 'Professional Investor Rules' is the chapter by Paul Jourdan, AAA-rated fund manager and CEO of Amati Global Investors. A highly pellucid and thought-provoking piece, it takes an unflinching look at what it means to be a successful investor engaged in the "living and strangely intelligent organism" of today's financial markets - the importance of self-knowledge, the vital role of history and stories, and the limits of certainty that every investor must come to terms with.
This eBook exclusively reproduces the chapter as a standalone piece. It remains a striking and provocative piece of essential reading for every investor.

An up-to-date guide to the complex world of equities
Getting Started in Stock Investing and Trading walks investors and traders through the essential information they need to know before they decide what kind of participant they want to be in equities. The book is filled with the key strategies and tools and offers a comprehensive guide for those entering this marketplace. The author does not argue that one method is better or more appropriate than another. Rather, he reveals the various methods and lets investors decide for themselves. The book covers investment risks, value investing, market strategies, trading methods such as day and swing trading, technical indicators, and diversifying your portfolio, and
Offers a thorough overview of strategies and tools that investors need to profit from the volatile equities markets
Provides examples, charts, and timely additions that reflect recent changes in the equities markets
Other titles by Thomsett: Getting Started in Bonds and eight editions of Getting Started in Options. This book is another title in The Getting Started series, which makes complex issues easy to understand.

Many people stumble through their financial life reacting to events and advice in an ad hoc way. As a result, few choose the most suitable financial products, some fall prey to mis-selling and many never realise their financial goals.

Are you one of them?

Be Your Own Financial Adviser shows you how to make sensible financial decisions without the need for expensive advice. Its accessible style, examples and case studies explain and evaluate financial products, and put you firmly in control of your own financial well being. It advises on how to adopt the best saving, spending and investment strategies, make decisions tax-efficiently, manage risk wisely, and protect and enhance your wealth. It also suggests when professional help is a good idea, and shows you how to protect yourself against mis-selling and get the best out of your adviser.

Be Your Own Financial Adviser shows you how to:

- Stress-test your financial decisions
- Take advantage of legal tax breaks
- Achieve your financial goals
- Manage and preserve your wealth

The aim of value investing is to identify stocks that are undervalued and which can be expected to produce an above average return in the future. And the message from the history of investing is clear: if you successfully pursue a value investing strategy over the long term, you will earn an above average return on your portfolio. The goal of The New Value Investing is to help you identify undervalued stocks and teach you how to build your own successful value investing portfolio.

Added to this, it is important to understand that value investing is inextricably linked with behavioral finance, and research advances in this area in recent years strengthen the case for value investing. The author explains how stock prices are determined by emotional crowds, how this leads to mispriced stocks and opportunities for the value investor, and how you can harness the insights of behavioral finance to improve your value investing approach.

As you work through this book, the author shows how to follow the path from analysis of the economy, to the industry, to company financial statements, to creating a value range for a company's stock. You will learn:

- How to remove emotion from your investment process.
- The essential elements of portfolio construction.
- What a value investor should observe in the wider economy and the market.
- Where to find investment ideas.
- How to read a company's financial statements from a value investing perspective.
- Dividend valuation, earnings valuation and other valuation techniques.
- How to undertake a full valuation analysis, with two complete worked examples of stock valuation for real-life companies.
- What professional value investors at investment funds analyse and how they make their decisions.

Value investing is within everyone's reach, so why doesn't everyone use it? The key is patience. The approach works over the long term if you stick with it and the result could be extra hundreds, thousands or millions in your portfolio at the end of your investment horizon.

Owning an investment fund is the easiest and most convenient way for investors to put their money to work in the world's financial markets. Yet only a handful of people really seem to understand how to make the most of the opportunity that funds offer. Too many pick the wrong fund in the wrong market at the wrong time - a sure-fire recipe for disappointment.

In this important new book, an award-winning manager at one of the UK's best fund management firms explains in simple language what it takes to buy and sell investment funds successfully - and how to avoid the common mistakes that so often condemn fund investors to poor results.

John Chatfeild-Roberts, head of the fund of funds team at Jupiter Asset Management, is responsible for sifting through the thousands of funds that are open to UK investors and hand-picking the best 10 - 15 for his clients' portfolios. The Jupiter Merlin range of funds has won a string of industry awards for their consistent performance.

Now, in Fundology - The Secrets of Successful Fund Investing, he explains in detail how to set about becoming an expert fund investor - what to do and (just as importantly) what not to do. While he concentrates on unit trusts and open-ended investment companies (OEICs), his specialist area, many of the principles outlined here apply equally well to other types of fund.

The topics covered include:

- Why funds are worth considering
- How unit trusts and OEICs work
- How to pick the best managers
- The truth about costs
- The trouble with index funds
- Which funds the Jupiter team own (and why)
- The most common mistakes that investors make

Easy to read and outspoken in places, Fundology is a must read for anyone interested in knowing how to get the most out of their investments. Knowing how the experts go about choosing funds can only increase your chances of improving your own success rate.

Don’t spend your time worrying whether you can beat the markets: you don’t need to beat them to be a successful investor. By showing you how to build a simple and rational portfolio and tailor it to your specific needs, Investing Demystified will help you generate superior returns.

 

With his straightforward and jargon-free advice, Lars Kroijer simplies the often complex world of finance and tells you everything you need to know – and everything that you don’t need to worry about – in order to make the most from your investments.

 

In Investing Demystified you will:

 

• Discover the mix of stocks, bonds and cash needed for a top performing portfolio

• Learn why the most broadly diversi_ ed and simplest portfolio makes the most sense

• Understand the right level of risk for you and how this affects your investments

• Find out why a low cost approach will yield bene_ ts whilst leaving you with a higher quality portfolio

• Understand the implications of tax and liquidity

Easy-to-follow guidelines from a pro for simplifying your investments, protecting yourself from the investment sharks and achieving financial freedom
Drawing on his years as an investor for leading banks in the U.S. and Asia, Philip Cheng delivers down-to-earth strategies guaranteed to make you "shark-proof" while you optimize investment returns. Statistics show that only 20% of small investors ever come close to achieving their investment goals. The other 80% get eaten alive by "investment sharks"—investment advisors, fund managers and other hucksters out to line their pockets with your hard-earned cash. Motivated by a sense of fair play, Cheng resolved to write an investor's survival guide in which he'd share everything he's learned in his years as a successful professional investor. The result is Taming the Money Sharks. The easy-to-follow guidelines you'll find in this book will help you navigate the shark-infested waters of the investment world, all the way to the financial freedom you dream of and deserve.

- A must-have survival guide for novice investors, and a source of fresh thinking and innovative strategies for experienced investors
- Features many illustrations, summaries, charts, real-world examples along with other powerful tools to help you avoid common mistakes and win at the investment game
- Lays out 8 proven strategies for investing systematically and surviving and thriving in the shark-infested waters of the stock market

Do you want to feel more confident about your investment decisions?

Do you need to have a better understanding of how the stock markets value a business?

The Financial Times Guide to Making the Right Investment Decisions is the insider’s guide to how the market examines companies and values shares. It helps you understand the factors that drive long-term wealth creation as well as highlighting the key risks that lead to value being destroyed.

Originally published as Analysing Companies and Valuing Shares, this new edition has been fully revised and includes a new and easy-to-follow framework for understanding valuation. Perfect for investors at all levels, it guides you through the investment maze, and highlights the key issues you need to consider to invest successfully.

The importance of the life's work of mutual fund pioneer and investing legend John C. Bogle
The Man in the Arena offers the essence of John C. Bogle's thinking and the meaning of his life's work, which transformed individual investing to benefit tens of millions of investors. Through Bogle's own words—as well as the voices of others whose hearts and minds he touched—the book touches on topics he cares about most deeply: Vanguard, indexing, corporate governance, and a fiduciary society. From Vanguard shareholders to true giants in finance, one cannot read their words without being struck by their sheer intensity. Bogle's parade of admirers is passionate. It is led by, arguably, the two most acclaimed leaders of our day—in the world of investing and the public life of the world—Warren Buffett and President Bill Clinton.

The book is a first take at putting Bogle's life work into a broader context. It includes some of Bogle's classic essays and leads to an agenda of reform Bogle feels is essential to preserve our democratic republic. It features insight on the man from such commentators as Arthur Levitt, Burton Malkiel, Paul Volcker, and many more.

Features wisdom and commentary on the career and life of legendary investor John C. Bogle
Presents a summary of Bogle's prominent and successful career, as well as his investing strategies
Includes commentary from a Who's Who of top investors

If you want to get rich, no matter how inexperienced you are in investment, this book can help you. Its message is that you must learn neither to avoid risk nor to court it foolhardily, but to manage it - and enjoy it too.

The 12 major and 16 minor Zurich Axioms contained in this book are a set of principles providing a practical philosophy for the realistic management of risk, which can be followed successfully by anyone, not merely the 'experts'. Several of the Axioms fly right in the face of the traditional wisdom of the investment advice business - yet the enterprising Swiss speculators who devised them became rich, while many investors who follow the conventional path do not.

Max Gunther, whose father was one of the original speculators who devised the Axioms, made his first capital gain on the stock market at the age of 13 and has never looked back. Now the rest of us can follow in his footsteps. Startlingly straightforward, the Axioms are explained in a book that is not only extremely entertaining but will prove invaluable to any investor, whether in stocks, commodities, art, antiques or real estate, who is willing to take risk on its own terms and chance a little to gain a lot.

Exposes the truth about common investing myths and misconceptions and shows you how the truth shall set you free—to reap greater long-term and short-term gains
Everybody knows that a strong dollar equals a strong economy, bonds are safer than stocks, gold is a safe investment and that high PEs signal high risk...right? While such "common-sense" rules of thumb may work for a time as investment strategies, as New York Times and Wall Street Journal bestselling author, Ken Fisher, vividly demonstrates in this wise, informative, wholly entertaining new book, they'll always let you down in the long run. Ken exposes some of the most common—and deadly—myths investors swear by, and he demonstrates why the rules-of-thumb approach to investing may be robbing you of the kinds returns you hope for.

Dubbed by Investment Advisor magazine one of the 30 most influential individuals of the last three decades, Fisher is Chairman, and CEO of a global money management firm with over $32 billion under management
Fisher's Forbes column, "Portfolio Strategy," has been an extremely popular fixture in Forbes for more than a quarter century thanks to his many high-profile calls
Brings together the best "bunks" by Wall Street's Master Debunker in a fun, easy-to-digest, bite-size format
More than just a list of myths, Fisher meticulously explains of why each commonly held belief or strategy is dead wrong and how damaging it can be to your financial health
Armed with this book, investors can immediately identify major errors they may be committing and adjust their strategies for greater investing success

Richard Farleigh reveals the 100 secret strategies that he developed to enable him to succeed in the markets.

During his time running a trading desk, Farleigh set out to develop a repeatable methodology based on observation and reasoning, not just on one-off flukes and luck, to enable him to outperform the market on a regular basis.

The (potentially controversial) beliefs that he incorporates into his strategies include:

- Markets tend to under-react, not overreact.
- Big, obvious ideas offer great opportunities.
- It is safe to invest with a consensus view.
- Contrarian trading is usually irrational.
- It is best to enter and exit the share market at the right times instead of always staying invested.
- Price trends are well known but under-utilised.
- Chartists are just astrologers.
- Investment and trading are increasingly similar.

Some of the techniques simply involve being better than other investors at some of the basics, including only chasing genuine opportunities, managing risks and coping with losses.

As his trading results started to attract some attention, Farleigh was frequently asked to give presentations of his ideas to other professional traders. From the feedback during these sessions he realised that others were interested in an approach to investing which was based on first principles. Finding that anecdotes were the best way to make a point, and that ideas could be summarised into numbered strategies, allowed him to show clearly how the methodology worked.

Years later, he is still using the same approach, and has found that amateurs, as well as professionals, are keen to find out how markets work and how to improve their investment performance. This book contains those secrets.

------

About the 100 Strategies

The rules are based on two broad experiences. Firstly, my involvement with investing and trading has been an endless pursuit of looking for patterns and developing my own repeatable methodologies. I have wanted to turn an art into a science. Secondly, from so many conversations with intelligent and educated people, who are curious about markets, but have been unhappy with a lack of useful reading material.

The book is intended for anyone with an interest in trading or investing, whether they are amateurs or professionals. The laws grew out of a series of popular lectures that I gave in my early career and out of the process of training new people to trade the markets.

Perhaps a unique thing about my approach in this book is that I have developed a framework which is applicable to all markets, whether they are bonds, money market, commodities, currencies, stocks, or property. The more I have learnt about these markets the more I have been convinced that it is sensible to approach them the same way. This is very useful, especially when some markets are underperforming.

This is a serious book. It is definitely not a "how to get rich quick" trick. I have presented my observations and interpretations as laws for practical purposes. It incorporates equally a lot of groundwork analysis of markets.

In finance there has been a gap between practitioners and the theoreticians. I intend to bridge that gap with a solid and, at times, theoretical explanation for my observations. Nevertheless, I have presented the material in a personal way. It is light hearted, with lots of anecdotes. I have not done endless amounts of research on each of the laws, so at times I may have erred on the detail. However it is always the concepts that are important, as these are what I am trying to get across.

The irreverent guide to investing, Boglehead style
The Boglehead's Guide to Investing is a DIY handbook that espouses the sage investment wisdom of John C. Bogle. This witty and wonderful book offers contrarian advice that provides the first step on the road to investment success, illustrating how relying on typical "common sense" promoted by Wall Street is destined to leave you poorer. This updated edition includes new information on backdoor Roth IRAs and ETFs as mainstream buy and hold investments, estate taxes and gifting, plus changes to the laws regarding Traditional and Roth IRAs, and 401k and 403b retirement plans. With warnings and principles both precisely accurate and grandly counterintuitive, the Boglehead authors show how beating the market is a zero-sum game.

Investing can be simple, but it's certainly not simplistic. Over the course of twenty years, the followers of John C. Bogle have evolved from a loose association of investors to a major force with the largest and most active non-commercial financial forum on the Internet. The Boglehead's Guide to Investing brings that communication to you with comprehensive guidance to the investment prowess on display at Bogleheads.org. You'll learn how to craft your own investment strategy using the Bogle-proven methods that have worked for thousands of investors, and how to:

Choose a sound financial lifestyle and diversify your portfolio
Start early, invest regularly, and know what you're buying
Preserve your buying power, keeping costs and taxes low
Throw out the "good" advice promoted by Wall Street that leads to investment failure
Financial markets are essentially closed systems in which one's gain garners another's loss. Investors looking for a roadmap to successfully navigating these choppy waters long-term will find expert guidance, sound advice, and a little irreverent humor in The Boglehead's Guide to Investing.

An initial public offering (IPO) - the occasion when a firm's shares are issued to the public for the first time - is one of the most exciting events in the life of a company, providing new opportunities for the business, its managers and for investors. IPOs thus attract a lot of attention from stock market researchers, academics and investors seeking to understand more about how they work and how the shares of IPO companies perform once they are listed.

In this new book, Arif Khurshed delves into the history of IPOs on the London Stock Exchange, explains the mechanics of how IPOs are arranged and how they are priced, and provides an analysis - with detailed but lucid reference to past academic studies - of how the shares of IPO companies perform in the short and long term.

The book provides valuable insight into many fundamental IPO matters, including:
- the different methods of flotation that are used,
- the alternative ways in which IPO shares are priced,
- how common it is for IPO shares to over or underperform,
- the survival of IPO firms once they are listed.

There are also detailed case studies of a number of high-profile IPOs, including those of Google, Visa and MoneySupermarket.

If you are an academic, finance professional or serious investor looking to broaden your knowledge of stock market flotations then you will find Initial Public Offerings to be an indispensable guide.

Protect your retirement from the next big crash with a New Twist on the Old Investment Strategy. For years, advisors have recommended that investors take a "buy and hold" approach to the market, but people over fifty can't afford to rely on this strategy. Buy, Hold, & SELL! uncovers the myth of the "buy and hold" investment philosophy, and explains why it's dangerously incomplete. Written by Ken Moraif, one of Barron’s top 100 Financial Advisors in the United States three years a row and who called the 2008 market crash in November of 2007, this book outlines an alternative strategy that better serves investors who are at retirement age. Written in easy-to-understand language and buoyed by Ken's trademark humor, this guide shoots down the myths that keep investors in risky markets, and arms readers with the knowledge, motivation, and strategies that may help them survive-and even thrive-during the inevitable next bear market.

Too many retirees lost a large percentage of their investments during the market collapse of 2008 and spent years trying to regain their footing. During the collapse, many advisors told their clients to stay in the market. Ken did the opposite, advising his clients and listeners of his popular radio show “Money Matters” to get out of the market in November of 2007-before the economic meltdown. With this book, Ken shares his 26 years of experience to help investors prepare for the imminent bear market that could devastate their retirement plans.

For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes.

Understand the buy-hold-SELL strategy
Learn how to design a sell strategy to protect principal in the next bear market
Find clear-cut information regarding retirement finances
Discover the benefits of a diversified portfolio This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal.
The goal of Buy, Hold, & SELL! is not to make investors rich quick, but to help keep them from becoming poor.

3 simple strategies to earn high returns and beat the professionals

Would you like to use a simple, low-risk investing system that beats market indexes and fund manager performance over the long term, but requires only a few minutes of your time each month? Does it sound like a lot of hard work? It's not - even the laziest investor can achieve it.

The Idle Investor includes three straightforward DIY strategies for long-term investing. All you have to do is follow the simple rules. Each method requires only a limited amount of your time and they all make use of easily accessible, low-cost funds. The reasons why the strategies work and everything else you need to know to put them into practice is explained clearly, with numerous worked examples.

The three strategies are:

1. The Bone Idle Strategy: Part of your portfolio is allocated to shares and part is allocated to bonds, with adjustments only required twice a year. The rest of the time you do nothing.

2. The Summer Hibernation Strategy: For part of the year your portfolio is allocated to shares and for part of the year it is allocated to bonds. Once again, adjustments to the portfolio are only required twice per year. The rest of the time you do nothing.

3. Multi-Asset Trending Strategy: A simple trend-following method determines whether to hold your portfolio in shares or bonds. For this strategy you will need to check your investments and make adjustments once a month.

Even on the very few occasions each year when action is required - twice a year for strategies 1 and 2, and once a month for strategy 3 - you'll only spend a few minutes checking your portfolio and making simple changes. The activity levels range from yearly rebalancing, for the laziest investor, through to monthly reallocation, for those who are more active. How much you do depends on how lazy you are feeling.

Testing the three Idle Investor strategies for the period 1990 to 2012 resulted in average annual returns of up to 28%. Compare this to a buy-and-hold approach of investing in UK shares, which would have delivered 8.5% per year over the same period, and you can see that being idle doesn't mean being unsuccessful!

If you are looking for a straightforward investing method that lets you get on with your life while your money grows in the background, then become an Idle Investor.

In a financial world dominated by gigantism, the beauty of smallness hasn't had much of a look in. Yet beyond the credit boom, globalisation has been found wanting, with growth hard to find. Could it be that small firms are set to be the stock market outperformers of the future?

This book confounds the current 'big is better' consensus, with Gervais Williams' extraordinary data showing why smallness offers an effective path for investors beyond the financial crisis.

But this book is about so much more than just the case for small being beautiful. It also explains why the unique characteristics of AIM - the UK market for smaller, growing companies - will be a place of extraordinary vitality in the coming years.

Investors who build diversified, multi-asset portfolios, have an ever increasing range of investment assets at their disposal. In order to invest effectively - and build a solid, performing portfolio - it is essential for investors to understand each of these single asset classes and how to use them in portfolios. The Investment Assets Handbook covers the full spectrum of different asset classes and investment types available today, providing investors with the definitive information they need to reach an understanding of the broad range of investment assets.

The Handbook is divided into four parts:

1. An introduction to asset classes, including how they should be defined, the main features that can be used to characterise asset classes and the roles that different assets fulfil within a multi-asset portfolio.

2. Traditional assets, including global equities, fixed income and cash.

3. Alternative assets, including real estate, commodities, private equity and hedge funds.

4. New alternative investments, including currency, infrastructure, structured finance, leveraged loans, structured products, alternative or smart betas, volatility, art, insurance-linked securities and timber.

Each asset chapter within these sections provides a description of the asset and its characteristics, its historic performance, how to model its future long-term performance, the role it performs in a multi-asset portfolio, its risks, how to access it, and other relevant topics. Long-term investment themes that may impact the future behaviour of assets and investing generally are also highlighted and discussed.

The Investment Assets Handbook is the essential guide that investors need as they navigate the universe of investment assets and build multi-asset portfolios.

‘John is a hero to many private investors in the UK. By tucking money away year after year, and choosing his investments wisely, he has accumulated a portfolio worth more than £1 million.’

The Motley Fool

 

‘I’m a big fan of the writings of John Lee. John Lee moves the market.’

Monevator

 

‘Lord (John) Lee of Trafford was one of the first UK investors to build an ISA portfolio worth more than £1 million, reaching that landmark in 2003.’

Daily Telegraph, March 2012  

 

John Lee is one of the UK’s most successful private investors. Beginning with an investment pot of £125,000 in the early 1980s, by 2003 he had turned this into a thriving portfolio of over £1 million, and it has significantly increased in value since then. Using efficient investment methods, as well as pursuing a winning ‘buy and hold’ strategy, he was the UK’s first ISA millionaire.

 

In How to Make a Million – Slowly, John Lee offers invaluable lessons that will help you make the right decisions about your investments. Explaining why an unhurried portfolio is the best and most sustainable strategy for growth, you will learn how to spot opportunities, research and monitor the market, work with management and above all, make money.

 

The Devil’s Deal takes you to the heart of the financial underworld and exposes the players and the games they play.You’ll soon begin to understand the world of global money.

Are the risks being taken with your money really as outrageous as everyone seems to think? Would your cash be safer in a shoe box under your bed?

Andreas Loizou has seen the eye-watering deals and the audacious risks first hand. The Devil’s Deal is his tale: a personal account of the spectacular and shady world of elite finance.

Reminiscences of a Stock Operator is the unforgettable story of the life of Jesse Livermore, one of Wall Street's greatest ever stock speculators.

Loosely fictionalised in 1923 in collaboration with journalist Edwin Lefevre, this is the story of the highs and the lows, the strategies and the street smarts, the epic wins (and sometimes epic losses) that has inspired generations of investors and traders.

This edition comes with an exclusive foreword by Tim Price, author of Investing Through the Looking Glass.

Harriman Definitive Editions offer the best quality editions of the best financial books of all time. Meticulously proofread, beautifully typeset in new designs, accompanied by forewords by the best modern financial writers, printed and bound in high-quality hardcovers on acid-free paper - they are essential long-term additions to the portfolio of every investor and trader.

The Sterling Bonds and Fixed Income Handbook aims to fill the knowledge gap for sterling-base investors and their advisors. Whilst investors in the equity markets can rely on numerous resources to select stocks and build portfolios, there is little information available for those who wish to buy bonds. This book takes the reader through the key features of gilts and sterling corporate bonds and offers a practical guide to putting money to work in this important and profitable asset class.

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller
The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives.

Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry:

Invest those savings in stocks and bonds
Evaluate the risks and returns of funds
Distribute funds directly to consumers or through financial advisors or retirement plans
Handle the complex operational and regulatory requirements of mutual funds
Vote proxies at the annual meetings of public companies
Expand their operations across borders
Along the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

This book shows you that effective investment can be simple, how anyone with just an hour or two to spare each week can double their wealth in ten years; double it again in the decade after that; and then double it once more - to make an eight-fold increase of capital in 30 years.

The strategy for this should work even if the current miserable investment climate persists for all those years.

And it requires minimal time and effort.

This isn't a get-rich-quick guide. It is a get-rich-slow guide, a get-rich-reliably guide.

There are all sorts of books out there that tell you how to double your money in five years or even three years. Most were written back in the 1990s when double-digit stock market returns were the norm, and most also require - if they work at all - a dedication to trading which is both anxiety-inducing and costly in terms of time.

They are all about taking risk. This guide is not.

Written by a veteran investor and finance writer, this book is all about building as much certainty as possible into your returns right from the very start.

The early 21st century has been a period of extreme fear and greed in the world's financial markets. Vast sums of wealth have been lost by some, but also made by others. Faith in the investment industry is now at its lowest-ever ebb, and the crisis remains far from resolution.

Fear and Greed aims to prepare investors for the financial challenges and opportunities of the next few years. Having successfully guided his firm's investors through the turmoil since 2007, leading investment manager Nicolas Sarkis draws upon the lessons of history in order to illuminate the way ahead.

In particular, Sarkis explores the plight of equities in the developed world since the millennium and considers when they might finally recover, as well as the likely effects of reducing government indebtedness upon markets. He also offers his insights into the outlook for stocks in emerging nations, for gold and for the single European currency.

In addition to the prospects for the leading asset classes, Fear and Greed examines some of the biggest issues confronting the financial world as a whole. Sarkis focuses on the behaviour of central banks, regulators, and financial wrongdoers, especially in relation to their contribution to the current crisis.

In this lively and engaging book, Sarkis offers a clear vision of the coming years and plenty of inspiration for investors.

Over seven years, 45 of the world's top investors were given between $25m and $150m to invest by fund manager Lee Freeman-Shor. His instructions were simple. There was only one rule. They could only invest in their ten best ideas to make money.

It seemed like a foolproof plan to make a lot of money. What could possibly go wrong? These were some of the greatest minds at work in the markets today - from top European hedge fund managers to Wall Street legends.

But most of the investors' great ideas actually lost money. Shockingly, a toss of a coin would have been a better method of choosing whether or not to invest in a stock.

Nevertheless, despite being wrong most of the time, many of these investors still ended up making a lot of money.

How could they be wrong most of the time and still be profitable?

The answer lay in their hidden habits of execution, which until now have only been guessed at from the outside world.

This book lays bare those secret habits for the first time, explaining them with real-life data, case studies and stories taken from Freeman-Shor's unique position of managing these investors on a day-to-day basis.

A riveting read for investors of every level, this book shows you exactly what to do and what not to do when your big idea is losing or winning - and demonstrates conclusively why the most important thing about investing is always the art of execution.

This book discusses the key areas that every stock market investor should consider. Starting with the reason for buying shares in the first place it then goes on to consider a host of essential topics, including: ratios, dividends, diversification, directors' deals, technical analysis, ETFs, commodities, dealing techniques and much more. Cotter On Investing is your straightforward guide to the not always straightforward world of stock market investment.

The markets can be a dangerous place and the risk involved can put people off the whole concept of stock investing. It shouldn't. Successful investors are those who manage risk and use mechanisms that reduce it to a level they are comfortable with. The stock market is potentially extremely rewarding in financial terms, but when the investor takes control of his or her own money it can also be fun, interesting and immensely satisfying.

Throughout the book the author gives his own opinions not only on the different investment vehicles you can use but also on the ways in which you can improve your performance as a self-directed investor. With nearly 40 years of stock market experience, John Cotter is the ideal guide to help you make your investment decisions. Slicing through the jargon and with a solid, 'keep it simple' approach, this book is the ideal companion for anyone building and running their own share portfolio.

Who is the most successful investment manager in Britain? Arguments could rage forever, but no professional would dispute that Anthony Bolton of Fidelity is among the very best. £1,000 invested in his Special Situations fund at its launch in 1979 was worth more than £125,000 twenty seven years later. No other mainstream UK fund manager has put together such a consistently impressive performance over such a long period.

The 125-fold increase represents an average compound growth rate of more than 20% per annum, or 7% per annum greater than the FTSE All-Share Index over the same period. This track record of sustained outperformance stands comparison with that of the greatest American investment superstars such as Warren Buffett and Peter Lynch. For many years, until the fund was voluntarily split in 2006, Fidelity Special Situations was easily the largest and most popular fund in the UK.

What are the secrets of Anthony Bolton's success? This important book, now fully revised and updated, takes an in-depth look at the way that Bolton goes about his business and analyses in detail the fund's outstanding performance. Anthony Bolton gives his own personal account of the history of the fund, explains why he believes his contrarian stockpicking methods have worked so well for so long and summarises the lessons he has learnt from his long and succesful career. This book is required reading for anyone with a personal or professional interest in investment.

- Fully revised and updated second edition with 25 pages of new material and graphics.

- The only full-length book to analyse in detail the strategies and techniques used by the UK's number one professional investor.

- Detailed analysis of the performance of his funds and the lessons that investors can draw from its exceptional track record.

- Written jointly by Anthony Bolton and one of the UK's best known financial authors, a leading authority on the fund management business.

Jim Slater's classic text brought back into print

Jim Slater makes available to the investor - whether the owner of only a few shares or an experienced investment manager with a large portfolio - the secrets of his success. Central to his strategy is The Zulu Principle, the benefits of homing in on a relatively narrow area.

Deftly blending anecdote and analysis, Jim Slater gives valuable selective criteria for buying dynamic growth shares, turnarounds, cyclicals, shells and leading shares. He also covers many other vitally relevant aspects of investment such as creative accounting, portfolio management, overseas markets and the investor's relationship with his or her broker.

From The Zulu Principle you will learn exactly when to buy shares and, even more important, when to sell - in essence, how to to make 'extraordinary profits from ordinary shares'.

Wall Street Journal Bestseller

Valuable insights on monetary policies, their impact on your financial future, and how to protect against them

Written by the New York Times bestselling author team of John Mauldin and Jonathan Tepper, Code Red spills the beans on the central banks in the U.S., U.K., E.U., and Japan and how they've rigged the game against the average saver and investor. More importantly, it shows you how to protect your hard-earned cash from the bankers' disastrous monetary policies and how to come out a winner in the irresponsible game of chicken they're playing with the global financial system.

From quantitative easing to zero interest rate policies, ZIRP to the impending currency wars, runaway inflation to GDP targeting, authors Mauldin and Tepper achieve the impossible by not only explaining global monetary policy and its consequences in plain English, but also making it compelling reading.

Outlines time-tested strategies for surviving and thriving in these tumultuous times
Addresses how issues such as quantitative easing, financial repression, currency wars, bubble economies, and inflation impact our everyday lives as well as our financial future
Written by a team of bestselling authors and experts in this dynamic field
How did we get here and where are we headed? What can you do to insulate yourself against, and profit from, economic upheaval and secure your financial future? Find out in Code Red.

Planning, constructing and managing a multi-asset portfolio

A multi-asset investment management approach provides diversification benefits, enhances risk-adjusted returns and enables a portfolio to be tailored to a wide range of investing objectives, whether these are generating returns or income, or matching liabilities.

This book is divided into four parts that follow the four stages of the multi-asset investment management process:

1. Establishing objectives: Defining the return objectives, risk objectives and investment constraints of a portfolio.

2. Setting an investment strategy: Setting a plan to achieve investment objectives by thinking about long-term strategic asset allocation, combining asset classes and optimisation to derive the most efficient asset allocation.

3. Implementing a solution: Turning the investment strategy into a portfolio using short-term tactical asset allocation, investment selection and risk management. This section includes examples of investment strategies.

4. Reviewing: Evaluating the performance of a portfolio by examining results, risk, portfolio positioning and the economic environment.

By dividing the multi-asset investment process into these well-defined stages, Yoram Lustig guides the reader through the various decisions that have to be made and actions that have to be taken. He builds carefully from defining investment objectives, formulating an investment strategy and the steps of selecting investments, leading to constructing and managing multi-asset portfolios.

At each stage the considerations and strategies to be undertaken are detailed, and the description of the process is supported with relevant financial theory as well as practical, real-life examples.

'Multi-asset Investing' is an essential handbook for the modern approach to investment portfolio management.

An all-weather, tactical approach to asset management utilizing Exchange Traded Funds (ETFs)
In Asset Rotation, portfolio management pioneer Matthew P. Erickson demonstrates a time-tested approach to asset management that has worked throughout the history of capital markets, in good times and bad. Providing investors with strong participation in rising markets, but more importantly with a discipline to reduce participation in prolonged declines. Over time this revolutionary approach has yielded superior returns, with significantly reduced levels of risk; providing the engine for true, long-term sustainable growth.

The investment world as we know it has changed, and the paradigm has shifted. What has worked in the past may no longer work in the future. No longer may bonds be regarded as a safe haven asset class, as for the first time in generations, investors in fixed income face losses as interest rates rise from historical all-time lows. For those adhering to a conventional Modern Portfolio Theory based investment approach to asset management, what was once regarded as safe and stable, may very well soon become our greatest impediment.

Asset Rotation provides investors with a practical solution for today's real world problems. This tactical approach to asset management provides us with concrete proof that there is indeed a better way.

We are standing on the precipice of an Investment Renaissance. What was previously impossible, is now possible. Find out how.

Presents an easy-to-understand price momentum-based approach to investing
Illustrates the benefits of asset rotation
Offers a systematic approach for securing a sound financial future
Provides further insights as to how to customize your own asset rotation portfolio
Matthew Erickson gives investors a hands-on resource for how to navigate an increasingly difficult investment landscape, by providing them with keen insights into the most rapidly growing segment of the investment markets.

Exploit your offshore status to build a robust investment portfolio
Most of the world's 200 million expats float in stormy seas. Few can contribute to their home country social programs. They're often forced to fend for themselves when they retire. The Global Expatriate's Guide to Investing is the world's only book showing expats how to build wealth overseas with index funds. Written by bestselling author, Andrew Hallam, it's a guide for everyone, no matter where they are from.

Warren Buffett says you should buy index funds. Nobel prize winners agree.

But dangers lurk. Financial advisors overseas can be hungry wolves. They don't play by the same set of rules. They would rather earn whopping commissions than follow solid financial principles. The Global Expatriate's Guide To Investing shows how to avoid these jokers. It explains how to find an honest financial advisor: one that invests with index funds instead of commission paying windfalls.

You don't want an advisor? Fair enough. Hallam shows three cutting edge index fund strategies. He compares costs and services of different brokerages, whether in the U.S. or offshore. And he shows every nationality how to invest in the best products for them. Some people want stability. Some want strong growth. Others want a dash of both.

This book also answers the following questions:

How much money do I need to retire?

How much should I be saving each month?

What investments will give me both strong returns, and safety?

The Global Expatriate's Guide To Investing also profiles real expats and their stories. It shows the mistakes and successes that they want others to learn from. It's a humorous book. And it demonstrates how you can make the best of your hard-earned money.

'The most damaging half truth for savers is “performance matters more than expenses”. Read this book carefully and the financial services industry will have one fewer easy victim, but you will have a sound base for a lifetime of successful investment.'
Martin White, Chair of UK Shareholders Association

 

This is one of those great big books to buy and then tuck away for constant reference. It's a tour through everything from managing a portfolio to establishing a fair intrinsic value for a share. If it moves in the world of investing, it’s probably here.'

David Stevenson, 'Adventurous Investor' in the Financial Times

 

‘Informative and easy to read, Glen Arnold has produced arguably the most comprehensive book there is today on stock market investing and one that unquestionably will give an edge to any retail investor. This is a must read for anyone serious about investing.'  

Simon Thompson, Companies Editor, Investors Chronicle

 

The Financial Times Guide to Investing is the definitive introduction to the art of successful stock market investing. Bestselling author Glen Arnold takes you from the basics of what investors do and why companies need them through to the practicalities of buying and selling shares and how to make the most from your money. He describes different types of investment vehicles and advises you on how to be successful at picking companies, understanding their accounts, managing a sophisticated portfolio, measuring performance and risk and setting up an investment club.

 

The third edition of this investing classic will give you everything you need to choose your shares with skill and confidence. Thoroughly updated, this edition now includes:

 

- Comprehensive advice about unit trusts and other collective investments

- A brand new section on dividend payments and what to watch out for

- An expanded jargon-busting glossary to demystify those complex phrases and concepts

- Recent Financial Times articles and tables to illustrate and expand on case studies and examples

- Detailed updates of changes to tax rates and legislation as well as increases in ISA allowances and revisions to capital gains tax

 

The Financial Times Guide to Using the Financial Pages is the definitive guide to finding, reading, understanding and acting on financial information.

Beginning with an explanation of the financial markets and key players, Romesh Vaitilingam teaches you the language of modern finance and investment. He shows you how to assess and evaluate information so as to benefit your investing and saving strategies, and to improve your general business knowledge.

The sixth edition of this bestselling guide to financial information shows you what you need to know and where to find it, and how to make the best use of financial and economic statistics. Thoroughly updated, new sections include:

- An explanation of the roots of the recent financial crisis and economic downturn, and an account of how crisis jargon has become mainstream, what it means and how it affects you

- Descriptions of the key international organisations of the world economy, including the G20, the International Monetary Fund and the European Central Bank

- How to sift through print and online material to find out what really is valuable

- A glossary of key words, key ratios and key stock market indicators

Ratios provide an extremely effective method of understanding company accounts. At their most basic this usually involves taking one figure from the published accounts and dividing it by another - however, this seemingly simple process can reveal an enormous amount about both the nature and performance of a company.

'Ratios Made Simple' looks at ratios from the perspective of an investor, providing a toolkit for investors to use to accurately analyse a company from its accounts. This book is divided into nine chapters, with each chapter looking at a different aspect of potential concern to an investor:

1. Profitability Ratios
2. Investment Ratios
3. Dividend Cover
4. Margins
5. Gearing
6. Solvency Ratios
7. Efficiency Ratios
8. Policy Ratios
9. Volatility

For each ratio, financial expert Robert Leach provides a detailed definition, explains how it works, describes its use. Investors are also given a simple explanation of how to calculate each ratio, what the ratio means and how the investor should apply the answers in making investment decisions.

This book provides the investor with an essential guide to the use of these powerful analytical tools - tools that should form a vital part of an investor's decision-making process.

This jargon-busting book shows how bond & money markets work & how they impact on everyday life.

• Understand terms & products
• Explore types of markets & their functions
• Discover factors influencing market prices
• Learn how fluctuations can affect your money strategies

Hugh Young is a star fund manager at Aberdeen Asset Management, with over 25 years' experience and a dazzling record of returns. He has marshalled Aberdeen portfolios through numerous market cycles, and in this eBook reveals the secrets of his success, accompanied by the witty illustrations of cartoonist Fran Orford.

The economic climate is ripe for another golden age of shareholder activism
Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations is a must-read exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy, and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by an active value investor, Deep Value provides an insider's perspective on shareholder activist strategies in a format accessible to both professional investors and laypeople.

The Deep Value investment philosophy as described by Graham initially identified targets by their discount to liquidation value. This approach was extremely effective, but those opportunities are few and far between in the modern market, forcing activists to adapt. Current activists assess value from a much broader palate, and exploit a much wider range of tools to achieve their goals. Deep Value enumerates and expands upon the resources and strategies available to value investors today, and describes how the economic climate is allowing value investing to re-emerge. Topics include:

Target identification, and determining the most advantageous ends
Strategies and tactics of effective activism
Unseating management and fomenting change
Eyeing conditions for the next M&A boom
Activist hedge funds have been quiet since the early 2000s, but economic conditions, shareholder sentiment, and available opportunities are creating a fertile environment for another golden age of activism. Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations provides the in-depth information investors need to get up to speed before getting left behind.

The price-earnings ratio, or P/E, is the most commonly quoted investment statistic, but have you ever considered what it actually means? For most people it's a shorthand way of deciding how highly the market regards a company, with investors prepared to overpay for earnings from a high-P/E 'glamour' stock as opposed to a low-P/E 'value' stock. However, academics have known since 1960 that the opposite is true: value stocks outperform glamour stocks consistently over decades.

A company with a low P/E may have been marked down for no readily apparent reason and thus could represent an attractive value investment for those with the patience to wait while the market re-values it. However, the P/E is a backward-looking measure and just because the company earned £1 per share last year it doesn't necessarily mean it will earn anything like that in the foreseeable future. Or, a low P/E can mean a company is deservedly cheap because it is in financial difficulty - in this case the company is likely to become cheaper yet or even go into administration.

This book is a practical guide to how you can adjust and improve the price-earnings ratio and use it, alongside other financial ratios, to run against the crowd and boost your stock returns.

As today's preeminent doomsday investor Mark Spitznagel describes his Daoist and roundabout investment approach, “one gains by losing and loses by gaining.” This is Austrian Investing, an archetypal, counterintuitive, and proven approach, gleaned from the 150-year-old Austrian School of economics, that is both timeless and exceedingly timely.

In The Dao of Capital, hedge fund manager and tail-hedging pioneer Mark Spitznagel—with one of the top returns on capital of the financial crisis, as well as over a career—takes us on a gripping, circuitous journey from the Chicago trading pits, over the coniferous boreal forests and canonical strategists from Warring States China to Napoleonic Europe to burgeoning industrial America, to the great economic thinkers of late 19th century Austria. We arrive at his central investment methodology of Austrian Investing, where victory comes not from waging the immediate decisive battle, but rather from the roundabout approach of seeking the intermediate positional advantage (what he calls shi), of aiming at the indirect means rather than directly at the ends. The monumental challenge is in seeing time differently, in a whole new intertemporal dimension, one that is so contrary to our wiring.

Spitznagel is the first to condense the theories of Ludwig von Mises and his Austrian School of economics into a cohesive and—as Spitznagel has shown—highly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagel's bread and butter) to scorned highly-productive assets, in Ron Paul's words from the foreword, Spitznagel “brings Austrian economics from the ivory tower to the investment portfolio.”

The Dao of Capital provides a rare and accessible look through the lens of one of today's great investors to discover a profound harmony with the market process—a harmony that is so essential today.

A new approach to investing based on how Wall Street insiders approach the market
The Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.

Teaching readers to think about the market in radically different ways, The Indomitable Investor shows how to improve returns—and, just as importantly, avoid losses—with disciplines deployed by people who almost always do exactly the opposite of what Wall Street says to do.

Laying bare great fallacies, the book explains that non-professional investors wrongly think the stock market is a place to make money, which is what Wall Street wants them to try to do. The Indomitable Investor says otherwise and shows how Wall Street's best investors have a completely different focus.

Explains the critical ideas and insights of top traders and investors in language anyone can understand and implement
Packed with material rarely shared off Wall Street that is used every day by professional investors
Introduces the 17 most important words on Wall Street
Teaches critical skills, including: How to increase returns by focusing on risk, not potential profits; how to use the stock market's historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market; how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you—not mutual fund companies, and how to analyze information like seasoned investors to move beyond "statement of the obvious" news reports that turn ordinary investors into Dumb Money
Accessible to readers of all backgrounds, including those with a limited understanding of investing, The Indomitable Investor will change how investors view the stock market, Wall Street, and themselves.

A simple, quick and effective approach to quantitative fundamental analysis

The Lazy Fundamental Analyst presents a collection of strategies based on the application of quantitative analysis to fundamentals-based investing. It will appeal to anyone looking for simple, effective and low-risk investing strategies.

The strategies are organised by ten business sectors: Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Information Technology, Materials, Telecommunication Service and Utilities. For each sector a strategy is proposed for large capitalisations (companies in the S&P 500 Index) and another is given for small capitalisations (companies in the Russell 2000 index).

For each sector, and each strategy, Fred Piard explains how to follow his 'lazy' approach to choose stocks by using only a couple of financial ratios. The strategies eschew detailed due diligence of companies and markets - instead they rely on applying quantitative techniques to filter out the best investments in each sector. These strategies can be managed in just a few minutes per month, making them suitable for those who only have limited time to devote to investing but still wish to have a winning return. Portfolio protection through the use of market timing and hedging is also presented and this can be used with any of the strategies.

If you don't have the inclination for in-depth fundamental analysis, or only have a few spare minutes per month for your investing, try Fred Piard's lazy approach to quantitative analysis.

Top economist Gary Shilling shows you how to prosper in the slow-growing and deflationary times that lie ahead
While many investors fear a rapid rise in inflation, author Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of de-leveraging and weak growth, which makes deflation far more likely and a far greater threat to investors than inflation. Shilling explains in clear language and compelling logic why the world economy will struggle for several more years and what investors can do to protect and grow their wealth in the difficult times ahead. The investment strategies that worked for last 25 years will not work in the next 10 years. Shilling advises readers to avoid broad exposure to stocks, real estate, and commodities and to focus on high-quality bonds, high-dividend stocks, and consumer staple and food stocks.

Written by one of today's best forecasters of economic trends-twice voted by Institutional Investor as Wall Street's top economist
Clearly explains what to invest in, what to avoid, and how to cope with a deflationary, slow-growth economy
Demonstrates how Shilling has been consistently right about major economic trends since he began forecasting in the early 1980s
Filled with in-depth insights and practical advice, this timely guide lays out a convincing case for why investors need to be prepared for a long period of weak growth and deflation-not inflation-and what you can do to prosper in the difficult times ahead.

Learn the ins and outs of equity crowdfunding with this informative guide
Equity Crowdfunding for Investors is a comprehensive, objective, and authoritative guide to the social and financial rewards of crowdfunding. Before now, angel investing – and the spectacular returns possible in this asset class – has been off-limits to all but the wealthiest Americans. Now equity crowdfunding portals allow the general public to buy shares in startups and fast-growing private companies for the first time in generations. This book provides the guidance individuals need to invest wisely, tempering the excitement of leading-edge technology, innovative business models, and exciting new brands with thorough, practical know-how – including investor limits and requirements, portfolio strategy, deal terms, and much more. Readers will learn the pros and cons of investing in equity crowdfunding so they can make an informed investment decision, as well as best practices for finding, researching, evaluating, and buying into potentially profitable startups. Digital components include tables, graphs, comparison charts, screen captures, checklists, and other tools that further enable readers to make suitable investment choices.

Equity crowdfunding is a new, exciting, and evolving way for growing businesses to raise capital and for average investors to buy equity in those businesses. It has been hailed as a "game changer" in the private capital markets, particularly the angel investment asset class, which includes angel investing. This book shows readers how to take full advantage of this new avenue of investment, without being taken advantage of themselves.

Make smarter investment decisions
Avoid being ripped off
Find the best information available
Understand the SEC rules and limits
Equity crowdfunding can produce huge returns. It also comes with huge risk. Some companies will succeed, but many will fail. Everyday investors can mitigate some risk and increase their chance of profit with the fundamental insight provided in Equity Crowdfunding for Investors.