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Title: The Motley Fool Investment Guide : How The Fool Beats Wall Streets Wise Men And How You Can Too by David Gardner, Tom Gardner ISBN: 0-7432-0173-6 Publisher: Fireside Pub. Date: 02 January, 2001 Format: Paperback Volumes: 1 List Price(USD): $14.00 |
Average Customer Rating: 4.02 (100 reviews)
Rating: 5
Summary: Educational for new investors. Highly recommend.
Comment: With the birth of my daughter, I wanted to ensure I invested smartly for her future. I was participating in my company sponsored 401k plan and thought I was earning good returns for my retirement. I figured I would invest my daughters money following similar rules. So I perused several books for "plans" and was intrigued by the Motley Fool approach so I checked out the web site and bought the book. Was I surprised when the Mootley Fool guide opened my eyes to the real truth of my returns! I was underperforming the benchmark S&P 500 by several percentage points a year during the best bull market ever! This book placed in easy terms what I should do to better position myself financially. Following the Foolish Four approach is easy, systematic, and most of all, time tested for great returns. I would recommend anyone just starting out in investing, to pick up a copy and learn the truth of the Wisemen on Wall Street.
Rating: 5
Summary: Foolish stock-price growth is possible.
Comment: The Motley Fool is easy to read, simple to understand and amusing. Yet, the more I read, the more uncomfortable I became. First, it is clearly written for the person with little or no investment experience and no business or economics background. That would seem to limit its audience. I felt at times like I was being talked down to, that this book was not for me. Second, the book gave good advice in some areas - Part II on mutual funds is probably the best. When it reached Part VI on shorting stocks, normally a very risky strategy, I became concerned for the newer investor. In addtion, this book would be more useful if the authors gave some guidelines on how much of one's portfolio should be invested and percentages for using these different approaches. While I say "bravo" to their attempt, I am concerned that what I call The Misconception Stall (making decisions based on incomplete or misleading assumptions) and The Communication Stall (not having the message heard or understood the way it was meant) run rampant here. For example, as companies move with their seasonal or industry cycles, different investment approaches are warranted. Dividend models tend to bring in value players and "bottom fishers" who are there because they are not expecting growth in the stock. Is this where you want to be? Also, there are actions companies can take, such as buying back shares at the bottom of a cycle and issuing shares at the top of a cycle that can result in more rapid stock-price growth than any of these approaches. I hope in The Gardner's next book they will address these issues more "fooly"! Also, new investor would find it very helpful to have a list of questions they should ask the company they are about to invest in. There is no substitute for asking the right questions.
Rating: 4
Summary: Good intro for wannabee Fools
Comment: This book is pretty good for first time or novice investors, the Gardner brothers discuss the advantages and disadvantages of different investment methods most notably: mutual funds, index funds, and stocks. Also it seems these Fools (yes they like to be called that) like investing in Dow stock, much of their information regarding Dow stocks appears to come from Michael O'Higgins author of Beating the Dow. Another method that the brothers introduce is one of their own for picking out small cap growth stocks, here's what they look for:
Sales of less than $200 million
Daily Dollar Volume of $3 million or less
Low Price $5-$20
Net profit margin of 10% or more
Relative Strength (IBD) of 90 or higher
Earnings and sales growth for the most recent quarter of 25+ or more
Insider holdings of 15%+
Cash flow from operations should also be a positive number
This book is primarily aimed at beginning investors who want to hold growth stocks for a year or more, however a lot of this book is focused on them talking about their website www.fool.com
My favorite part of this book would have to be the chapter on Zeigletics: The Penny Stock That Never Was.
Reed Floren
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