Review: Amit Eshet covers a lot of ground in this book
Rating: 5 out of 5
Date: 10 26, 2012
After reading this book, I feel that Amit Eshet is a disciple of Sir John Templeton which is a good thing. After all Sir John made billions of dollars using nothing more than common sense. And this is where this book fits into that. I would consider this book a good primer for anyone interested in learning more about taking control of your own finances and investments. You might want to read this a few times to get the gist of all the information if you are not familiar with the terms or tools of investing.The first step which has been the down fall of several investors is in inadequate asset allocation.  Amit goes into detail and with charts show how asset allocation should flow.  From there Amit goes into detail about all the different investment vehicles such as stocks, bonds, ETF's, and more. He also touches on the tax ramifications for some of these different tools and vehicles which is a really good thing, especially when getting into the bond market. Another area that he covers which is something that isn't discussed often enough is "sector selection" Amit covers the basics with the necessary information to have an understanding the importance of sector selection.The only area I would have liked to see more information on for the new investor is on the FOREX. Only because if you don't know what you are doing dealing in the FOREX you can lose your shirt, pants, and probably your shoes. That is, to me, a very volatile area of the market that requires more than just reading a few books. I have always recommended to investors to have a "make believe" account and play with it, that is really the only way to fully understand the FOREX markets. But that is just me.One area that I really was impress with was with "Re-balance." This is another area that has wiped out major investors from not adhering to a strict protocol in the importance of re-balancing your assets. The importance of this principle is to keep your greed from running away with your common sense. Man, have I seen investors completely wiped out because they had all their eggs in one basket, just think "beanie babies" and you'll get the picture.The 7 Winning Steps is a decent book and a great place to start but only if you learn what Amit Eshet has written and have some self discipline. For 99 cents, this offers quality value, consider it an investment. Good Luck!