10: The Essential Rules for Beating the Market
If someone told you they knew a better way to make money in today's stock market, would you believe them? What if they said their approach, which only takes a few hours a week to maintain, could double your net worth every three to four years and keep your downside risk extremely low? While this may seem impossible to most investors, author Michael Turner—a civil (and then software) engineer turned professional portfolio manager—has accomplished this objective, and with his new book 10: The Essential Rules for Beating the Market, he'll show you how to do the same.After selling his successful software company in 1997, Turner entrusted his nest egg to one of the biggest investment firms on Wall Street. And over the course of two years, they proceeded to lose almost half of it! That's when Turner decided to see what he could do on his own, and that's when he discovered that the key to capturing consistent profits in the stock market is having a well-defined set of trading rules and the discipline to follow those rules. With this in mind, he developed a straightforward investment strategy—one based on ten specific rules—that allowed him to build a world-class portfolio of stocks and generate significant returns in any market.Filled with in-depth insights and practical advice, 10 takes you step by step through the process of creating and managing a market-beating stock portfolio with this proven approach, and shows you how to select and trade stocks using a combination of both fundamental and technical analysis. Following the rules and methodologies outlined throughout these pages, you'll quickly learn how to get into a stock at the right time and, more importantly, when to exit that position. You'll also discover how to view the market—as well as the various industry sectors within it—and interpret what is happening on a broader scale, so you can maximize profits on individual positions and boost the overall performance of your portfolio.Some of the rules that will improve your stock investing prowess include:Know When to SellNever Marry a StockWatch the Institutional OwnershipBalance Your Risk through Smart Asset AllocationIt is possible to make a significant amount of money in today's stock market, and with the proven principles found in 10, you'll be able to achieve this objective. By following the rules found in this guide, you'll have what it takes to build a world-class portfolio of stocks that will excel in practically any market.