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Building Wealth in the Stock Market: A Proven Investment Plan for Finding the Best Stocks and Managing Risk |  | Author: Colin Nicholson
Creator: Dr. Alexander Elder
Publisher: Wrightbooks
List Price: $45.00
Buy New: $25.43
as of 11/8/2009 05:30 CST details
You Save: $19.57 (43%)
New (22) Used (10) from $25.43
Seller: indoobestsellers
Rating:  2 reviews
Sales Rank: 342089
Media: Hardcover
Pages: 620
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 9.2 x 6 x 1.1
ISBN: 1742169309
Dewey Decimal Number: 332.6322
EAN: 9781742169309
ASIN: 1742169309
Publication Date: June 29, 2009
Availability: Usually ships in 1-2 business days
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Product Description
Building Wealth in the Stock Market provides a complete model for investing successfully and safely in bull and bear markets. Experienced investor and teacher Colin Nicholson shares with readers his very own investment plan -- one that has been honed over 40 years and that has seen him consistently beat the market and his target rate of return. Everything in Nicholson's investing method is fully disclosed simply and with a minimum of market jargon. The central idea is how to manage risk in order to grow capital and secure a stream of dividends. The various risks to be managed are explained, along with strategies for managing them. Aspects also covered include: - how to improve your decision-making skills, modelled on the way the best investors think
- what is needed to succeed and why having an investment plan is crucial for success
- how to select stocks, using charting and fundamental ratios in combination to achieve a margin of safety
- how to manage your portfolio -- when to buy, how to build a position, when to cut losses and when to take profits.
The methods are brought to life through case studies based on real investments and the sharing of insights gained from years of experience and research. This book will change the way you think about the stock market forever.
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| Customer Reviews:
You will not find honest and better written book than this to learn investing August 29, 2009
S. Samaranayake
This books replaced Colin's earlier book- Aggressive investor which I have read several times. This book comes with more resent real life examples and take you though all the steps involved from analysis, selecting, purchasing, selling and recording. It also illustrate his plan better.
Colin essentially is an investor with over 40 years of experience in investing. This is a must read for anyone who wants to make a living with shares or want to invest their heard earned savings in shares. I would have lost all my savings in the stock market if I had not found his book and had I followed those home study and get rich quick courses on stocks. I now understand the importance of having a well designed plan, the importance of managing emotions, what role discipline, patience and decision making skills play in becoming successful and the physiology behind investing.
Despite I being a professional accountant (CPA, ACMA(UK)) with over 15 years experience I have come to realize that this is a new skill that I need to develop for me to be successful in the long term despite my familiarity with fundamental analysis. I am really grateful to Colin for showing me how hard it is to be a successful investor without saying that it is easy (so that he could sell his books like what those who sells get rich quick programs!).
This is not a get rich quick solution book on shares. But if you want to become an investor and be successful at it in the long term this is a must read and probably the starting point of a long journey.
Sanjeewa- from Australia
A Lifetime of Knowledge June 21, 2009
Dr Alexander Elder (New York, USA)
11 out of 11 found this review helpful
Colin Nicholson brings a professional perspective to the enterprise of building wealth in the stock market. Winners Think Differently / The Risks to Be Managed / Selecting Stocks to Buy / Managing Investments - these are the key chapters in his book. Colin is amazingly open about his own performance. He shows you everything, from his personal returns to his research screens and tools to the size of this trading account.
The encyclopedic sweep of his book is quite amazing. Colin begins with a discussion of trading psychology, spelling out in six brief chapters "What Is Required to Succeed as an Investor." Several chapters are dedicated to managing risk. You may have a brilliant trading system, but without proper risk management any system is guaranteed to fail. I enjoyed Colin's discussion of how one's taste for risk goes down as the size of one's account increases. He also describes his favorite analytic tools: Dow phase analysis, the Coppock indicator, and trend analysis.
About half of Colin's new book is dedicated to trading examples and case studies, showing you how he implements his rules and techniques. His stock charts span many years, but a shorter-term trader can look for similar patterns on his or her daily charts.
Colin has written a serious and helpful book, kind in its attitude, broad in scope, and practical in its advice. If you have an uncle in the trading business who is willing to put his work aside and show you the ropes, you might be able to skip this book. For the rest of us, who learn and struggle to make our way in the stock market, Colin Nicholson's new book is an invaluable resource.
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