Building Wealth in the Stock Market: A Proven Investment Plan for Finding the Best Stocks and Managing Risk
Are you a relatively new investor looking to manage your own share investments?Are you an experienced investor looking to improve your investing skills?If so, this book, based on 40 years of investing through a number of bull and bear markets, has a great deal to offer.Building Wealth in the Stock Market is written in clear, simple terms. It covers all aspects of the art of investing in stocks to build your wealth safely and successfully. Author Colin Nicholson begins by showing you how the best successful investors think, and how this differs from the way beginners often approach the same issues. The ideas contained in this book??will improve your decision-making skills not only in investing, but in every area of your life.Colin then explains the reasons for investing in stocks, and establishes a realistic target rate of return. Investing is all about the management of risk, and Colin simply and clearly describes the various types of risk, and explains how to manage them.Unlike most other investment books, Building Wealth in the Stock Market proposes a strategy for managing the all-important swings through bull and bear markets. This strategy is central to the plan, which is to get into a bull market early, ride it and get out again before the end. This strategy has proven its value in surviving the 1987 crash and the bear market that started in 2008.Having established that baseline, Colin proposes methods for managing the risks associated with individual stocks. He explains how to select stocks that afford a margin of safety using a combination of charting and fundamental analysis.More important than buying stocks is the way investments are managed. Colin gives specific rules and guidelines for how much to invest in each stock, how to control the risk in each stock, how to cut losses quickly and how to take profits.Finally, Colin provides a number of case studies for timing entry and exit from bull markets and explains how he actually managed both successful and unsuccessful investments in the last bull market. These bring the whole method to life and are as close as a book can take you to sitting at the elbow of an investment mentor who is making real investment decisions.