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If It Doesn't Go Up, Don't Buy It, revised and updated (Paperback)
by Albert W. Thomas
| Category:
Stock investing, Investment guide, Personal finance |
| Market price: ¥ 298.00
MSL price:
¥ 278.00
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MSL rating:
 Good for Gifts |
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Author: Albert W. Thomas
Publisher: Williamsburg Investment Co.; 2nd Rev edition
Pub. in: February, 2003
ISBN: 0967155312
Pages: 160
Measurements: 10.9 x 8.5 x 0.7 inches
Origin of product: USA
Order code: BA01189
Other information: ISBN-13: 978-0967155319
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- MSL Picks -
This book is well worth reading. I liked it very much and highly recommend it.
It is the best investing book I have read, and is especially good for people who want to invest in the stock market but don't want to spend a lot of time trying to decide which stocks or mutual funds to buy, and don't want to spend every day watching the market. Al Thomas explains in simple language how to spend as little as a few hours the first month selecting mutual funds to invest in, and from then on spending a few hours each month reviewing your mutual fund selections and deciding whether to remain with them or select new funds. He gives a simple way to use a news letter called "No Load Fund*X" to reduce mutual fund world from many thousands of funds down to several hundred no load mutual funds, and then how to select the best from this subset of mutual funds. He also describes how to decide when to be in the market and when to hold cash.
If you are interested in making your money grow at a rate substantially faster than the market as a whole with much less risk, this is the book to read. Al recommends buying mutual funds because they are lower risk than individual stocks, and he recommends a long term market timing. His approach is to time the big swings for getting in and out of the market. Being out during the 2000 to 2002 down turn, holding cash waiting for buy signal such as the one we have had in March 2003. This approach is likely to insure very few years of losing money and many years of double digit growth.
This book also explains how to grow your money at an even higher rate for people who what to spend more time on their mutual fund investments, and he also explains other types of investments such as Commodities, Options, Bonds, and Gold, but the major benefit of this book is for people who want a safe way to grow their retirement saving at a rate substantially greater than the market as a whole and at the same time be able to sleep at night and not worry about the daily up and down in the market.
If you buy this book you will be very happy you did.
(From quoting David, USA)
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Al Thomas was an exchange member for 17 years and a floor trader. In 1984 he founded World Trading Group that became the 7th largest introducing commodity brokerage firm in the U.S. When it was sold in 1992 it had 35 branch offices.
He is a graduate of Northwestrn University Business School in Chicago and a member of Mensa.
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From Publisher
An easy-to-understand way to buy and sell no-load mutual funds. How to find funds that go up and when to sell funds that go down. Never lose money in the stock market. Very few buys and sells per year and only requiring about one hour per month of your time. Works for regular IRAs as well as 401Ks.
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Richard L. Russell, Dow Theory Letters, Inc., USA
<2008-02-28 00:00>
This is a book that is surprisingly useful. I recommend it to anybody who has an interest in the markets.
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Roger Arnold, Market Analyst / My Home Lender, USA
<2008-02-28 00:00>
This is the meat and potatoes of basic information. No guessing necessary.
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John Mauldin, Market Analyst, USA
<2008-02-28 00:00>
These are lessons too many people learn the hard way. Al will help investors learn to avoid major pitfalls.
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A reader (MSL quote), USA
<2008-02-28 00:00>
The following is a direct quote from a feature article by Michael Santoli in the 11/6/00 issue of Barron's on page F4.
"The dream of finding a system to trade the peppiest funds clearly holds some appeal. If it didn't, a self-published book that promises just such a foolproof method wouldn't be in its second printing. Written by Al Thomas of Williamsburg Investment Company of Merritt Island, Florida, this sometimes slapdash and often abrasive how-to paperback, entitled "If It Doesn't Go Up, Don't Buy It", claims that using Thomas' approach for an hour a month can help you squeeze 30%-50% a year out of no-load mutual funds, without risking down periods. Essentially, Thomas' strategy relies on use of two market newsletters. One, a market-timing letter, tells you whether and when to get into the market. The other helps you pick the best-performing stock funds. Mix, shake well and imbibe once a month, and this investment adviser insists you'll beat the clueless pros. As evidence he submits a letter from a Cocoa, Florida accountant stating the Thomas' Charles Schwab account appreciated by 39.4% in 1998 - a year in which the S&P500 itself rose 28.5% The book itself has won nothing but enthusiastic customer reviews on Amazon.com and, according to Thomas, was at some point in the top 4% of all books in sales for the online retailer. Judging by its popularity, it would seem that trading mutual funds now is a mainstream pursuit. A layering of momentum makes the method work - on the upside, at least. Investors chase the funds with the greatest upward momentum, which in turn derive their strength from investing in the hottest sectors. These sectors encompass companies with the greatest earnings momentum, which are benefiting from accelerating economic growth in their industries. Thus a lot of interlocking parts need to move in sync. After all, it takes only one husky to fall for the others to trip up and take a dogsled out of the race. Still, they don't hand out forbearance awards for sticking with laggard funds. So a well-honed method for staying abreast of the ascendant funds is worth exploring."
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