Review: All those things you wish you knew about the mysteries of buying stocks
Rating: 5 out of 5
Date: 08 23, 2012
The author of this brief but succinct book about the stock market moves to the head of the class as far as credible counselors who can translate the mumbo jumbo of investing into understandable terms.  His goal is teaching us how to buy stocks, and even though that sounds like something you've read before in a financial `self help book' (is there really such a thing????), this advisor advises in the most solid of terms.Without punctuating the average financial Luddite's lack of understanding of the ins and outs of Wall Street, he takes the time to explain how IPOs are formed and why. His language?  Plain and simple: `The price of the stock should be the main consideration when you look to see if a stock is worth buying. The price tells you about the demand for the stock, and just like any other commodity, stocks are governed by the same laws of supply and demand.'  He encourages us to look at the stock and NOT the company that represents the stock.He further advises us to buy when the stock is high - and the psychology behind that advice (which is very sound and credible). And he takes it a step further and advises us when exactly to buy that pricey stock, or `the optimal buy point.' He also defines `stop loss' and how to apply that concept to keep your portfolio secure and balanced.  And then of course he advises us when to sell a stock (defining the `moving average').  In the process of these bits of intelligent advice he offers graphs to back up his data and concepts - reassuring information.  And last he reassures us that we can never know everything as `outsiders', since the `insiders' have all the data before we are privy to it anyway (another way of saying be smart but relax).All of this information he makes very clear in the brief space of 16 pages.  Put this on your Kindle and keep it handy as you peruse the business section of the newspaper and now be informed about how to interpret all that gibberish that seemed so other-worldly yesterday!  Highly recommended.  Grady Harp, August 12