The Investor's Survival Guide: Basic Training for All Investors with Additional Chapter on "How To Get Out of Debt" - Softcover

Castelluccio Jr., Joseph A.

Softcover

ISBN 10: 1496911946 ISBN 13: 9781496911940

Verlag: AuthorHouse, 2014

Inhaltsangabe

Most books written on investing cover the topic with terminologies, glossaries, historical data, charts, graphs and theories. What they lack is" How do I get started" "Where do I go to get started" They leave you with a lot of information that is not actionable. This book does what they don't do. It will empower you to go out and take charge of your financial destiny as soon as you finish reading the last word. The solutions are easy to understand. The complicated market place will be broken down into simple to understand language and enable you to go out and start investing immediately. This book will also show you how to avoid getting into debt and equally important how to get out of debt if you are already there. You will also be introduced to the broker certificate of deposit market. Expanding your horizons and enabling you to reach many more banks with higher yielding CDs. Although the methods are simple to grasp the results are incredibly sophisticated. A book like this is long overdo. Written for the novice investor and the seasoned investor alike. A must read to share with your friends and family.

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The Investor's Survival Guide

Basic Training for All Investors With additional chapter on "HOW TO GET OUT OF DEBT"

By Joseph A. Castelluccio Jr.

AuthorHouse LLC

Copyright © 2014 Joseph A. Castelluccio, Jr.
All rights reserved.

ISBN: 978-1-4969-1194-0

Contents

Introduction, ix, 
Chapter 1 You Have the Skills, Use Them, 1, 
Chapter 2 Don't Fall Victim to the "Sugar Rush", 9, 
Chapter 3 Get on the Bondwagon, 17, 
Chapter 4 Choosing Stocks: As Easy as 1, 2, 3, 25, 
Chapter 5 Balance Risk, 33, 
Chapter 6 Certificates of Deposit a.k.a CDs, 41, 
Chapter 7 How Much Should My Initial Investment Be?, 45, 
Chapter 8 Kids Can Have Fun Investing, Too, 53, 
Chapter 9 The Generic Person, 59, 
Chapter 10 How To Get Out Of Debt, 63, 
Summary, 73, 
Glossary, 75, 

CHAPTER 1

You Have the Skills, Use Them

Think back to the subtitle of this book: Basic Training for All Investors. What is the intention of basic training in the military? Basic training is designed to give you the knowledge and to fine-tune the instincts that will prepare you for combat with an unknown foe. In the military, these skills will help save your life. Similarly, the intention of getting the proper basic training as an investor is to give you the knowledge and to fine-tune the instincts that will prepare you for combat with an unknown marketplace. As an investor, these skills will help save your money.

The purpose of this book is not to rewrite economic theories or to give historic background. Aside from possibly being academically stimulating, such publications frequently leave the readers more confused than ever about investing. It would be intellectually dishonest to assume that after you read those texts you will be any more able to invest your money than before you read them. Why? Simply because they assume that you understand the language of the markets.

To clarify this idea, if I read a book in a foreign language, would I understand what the book is about? Of course not! I would need to have someone interpret it. The world of investing has its own type of language, so if you read a book that doesn't interpret the terminology and show you how to use it, much if not all of the information is lost in the translation.

Let me give you an example. Recently, several so-called market timers, meaning the people who claim to know the right time to buy and sell, were explaining the current overall economic situation and attempting to give guidance and shed wisdom to those who were assembled. It went something like this. The conventional wisdom is that the market will rally when the war begins. Given that, the smart money will bet that the consensus has already been discounted in the market, so the contrary is more likely to occur. Therefore, stock prices will more likely decline, not rally. However, as everyone knows, the consensus is always wrong, so we could see a rally anyway. Does that clarify the situation for you? I don't know how much you got out of that, but my brain hurts each time I read things like that. Don't give me timing, give me time.

Knowledge is great; however, knowing how to use it is another thing entirely. Some teachers are bright and extremely knowledgeable, but they don't know how to convey the message clearly. Many other publications focus on what I call "glossary knowledge." They provide definitions, historical information, charts, and ratios. All that data does is show you the past. It does not tell you what will happen in the future. This is the information age and we're on the information highway. The trick is to get the information you need and want on the information highway while avoiding becoming roadkill along the way.

Getting too much data can be as bad as not getting enough. The difference between enough and not enough is simple. Can you make a decision on the data you just received, or was too much extraneous information included?

Think about your local weather report as one example. You get the barometric pressure, several satellite shots of the weather patterns, Fahrenheit and Celsius temperatures, as well as information about low-pressure and high-pressure systems in the area. You also get all that same information for the entire country. And then, of course, who could go to bed without knowing the historic temperatures and precipitation for that date. Although all of that information might be interesting to some, all you really need to know is the temperature and whether it is going to rain or snow. When you get dressed in the morning you just want to know how to dress for today's weather. When investing, most people want to know what, where, when, and most important how to invest. Instead, they get a lot of information that in most cases belongs only in the "nice-to-know" category. When you ask someone for the time, you don't want to hear how to build a watch. In this book, I simply give you what you need—the time.

Most people read various publications and books and come away feeling "financially challenged." Many of these individuals have college degrees and think they should understand what to do. Instead, they become so intimidated and overwhelmed that they become frustrated, hence they seek outside help. This doesn't mean that if you read a book on brain surgery and feel equally frustrated and confused that you should still attempt to try the at-home method in your living room. No pun intended. You don't have to be a brain surgeon to understand my method of investing.

If you think that reading those other texts can teach you what you need to know, try buying an unassembled swing set. Then attempt to assemble it just by reading the directions (no pictures). Even those of you who are successful will admit that perhaps this positive result was a one-time event. The knowledge one gained from that exercise could easily be the knowledge that you should never try such an exercise again.

In addition, financial books typically have disclaimers indicating that the information might not be accurate and that past performance doesn't guarantee future results. With such a disclaimer, why did the author bother writing it and why did you bother reading it in the first place? This could be the reason why so many people seek so-called professional advice.

Just use some common sense and this book will do the rest. What I want to do is take the average person, professional, brain surgeon, rocket scientist, or even the so-called seasoned investor and show them the commonsense approach to successful investing. I'll show you how to take your everyday innate skills of prudence, intellect, and perceptiveness and apply them so you can understand how to reach your financial goals.

These are the same skills that you use each day whether you are shopping for clothing or food, and the same skills that you use when you are preparing to take a trip. It is not an exaggeration to say that some people spend more time shopping for a pen than they do shopping for the right investment. I want to give you the right mindset to break things down to their basic common denominator so you can feel as comfortable investing as you do shopping for your favorite item.

It often amazes me how most people will put enormous preparation into a shopping extravaganza at a mall, or some mundane food shopping at the supermarket. The detail that they put into it is incredible and often can be amusing.

Let's illustrate a couple of typical shopping outings and see if you can identify with some or all of...

Details zur Ausgabe

• Verlag: AuthorHouse
• Erscheinungsdatum: 2014
• Sprache: Englisch
• ISBN 10: 1496911946
• ISBN 13: 9781496911940
• Einband: Taschenbuch
• Anzahl der Seiten: 108
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: KreGa Onlinehandel GmbH; 4950000000000; info@krega-onlinehandel.de; ; Birkenweg 31; Brakel; 33034; Deutschland