The Smart Investor's Money Machine: Methods and Strategies to Create Regular Income (Wiley Trading) - Hardcover

Kraft, Bill

Hardcover

ISBN 10: 047039174X ISBN 13: 9780470391747

Verlag: John Wiley & Sons Ltd, 2009

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Book by Kraft Bill

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Reseña del editor

Practical trading strategies that any investor can use to achieve consistent long-term returns Bill Kraft shows readers at all stages of life how to generate multiple income streams through a variety of investment strategies. Rather than look at trading as a means to make a big score, Kraft advocates strategies that provide regular income streams. In easy-to-understand language, he discusses how strategies involving covered calls, LEAPS, REITs, closed-end funds, options spreads, selling naked puts, bonds, annuities, master limited partnerships, and even reverse mortgages can be utilized to consistently generate cash flow. He includes strategies that limit risk, are easy to implement, and are relatively stress free. Throughout the book, Kraft intersperses personal stories about his own experiences with various proven, moneymaking investment strategies. Bill Kraft (Conifer, CO) practiced law for more than 30 years before embarking on a second career as a trader. He is also the author of Trade Your Way to Wealth (978-0-470-12979-1).

Nota de la solapa

In today's uncertain economic environment, you need more than one stream of income to secure your financial future. And while the company you work for and our government may make certain financial promises today, those guarantees may not be there tomorrow. But, if you rely upon yourself, you can improve your current situation and increase the likelihood of a more comfortable retirement.

Nobody understands this better than author Bill Kraft. During his decade-long journey through the markets, he's achieved significant success and assisted countless traders and investors in doing the same. Now, with The Smart Investor's Money Machine, he highlights over a dozen proven investment strategies that will allow you to create and manage additional streams of income-no matter where you are in life or what your financial experience may be.

Divided into two comprehensive parts, this reliable resource opens by addressing the importance of developing a "money machine" trading plan that's consistent with your financial goals, resources, and risk profile—as well as your time constraints. Part I puts these important concepts in perspective and discusses many other essential aspects of building a money machine that's right for you.

After this informative introduction, you'll become familiar with the best ways to power your money machine in Part II. Here, Kraft explores a number of specific money machine strategies and vehicles-from dividend capture, writing covered calls, and selling naked puts to Master Limited Partnerships, LEAPS, REITs, annuities, and even reverse mortgages. He examines where the risks lie, what potential rewards each offers, and then details precise ways to use these strategies. Through the help of hypothetical characters-each of whom are dealing with different circum-stances-Kraft illustrates what it takes to successfully implement the money machine approach and highlights how you can adjust it to fit your investment endeavors. And, if you become interested in being a more active trader, the final chapter of the book contains important keys to excel in this arena.

Countless strategies, systems, and methods are sold to the investing public with an implied promise of infallibility. But the truth is that there is no holy grail to instant riches. Building wealth takes patience and persistence, but most of all, it takes more than one stream of income. With The Smart Investor's Money Machine as your guide, you'll discover how to make this proven approach work for you and achieve better long-term financial returns in the process.

Details zur Ausgabe

• Verlag: John Wiley & Sons Ltd
• Erscheinungsdatum: 2009
• ISBN 10: 047039174X
• ISBN 13: 9780470391747
• Einband: Tapa dura
• Sprache: Englisch
• Anzahl der Seiten: 182