Beat the market- Invest by knowing what stocks to buy and what stocks to sell PDF by Charles Kirkpatrick show how you, by yourself, can outperform the stock market and reduce the risk of capital loss from poor decisions. You do not need to pay outrageous fees or be subjected to the incomprehensible and often incorrect theories or deceptive jargon that is thrown at you by brokers and money managers trying to get your money under their management.
Category: Stock
Author: Charles D. Kirkpatrick
Language: English
Download link: At the end of the post
Introduction
” My purpose is to show how you, by yourself, can outperform the stock market and reduce the risk of capital loss from poor decisions. You do not need to pay outrageous fees or be subjected to the incomprehensible and often incorrect theories or deceptive jargon that is thrown at you by brokers and money managers trying to get your money under their management.
However, if you prefer to use advisors in the allocation of your assets, please be critical of their past performance, the reasons and history of their advice, and the fee structure and hidden costs not only of your advisor, but also of the investments in which your assets are placed. These fees can act as a significant deterrent to your portfolio’s performance. ”
Praise
“This is one of the best new investing books of the decade: succinct, practical, and timeless. Built on a foundation of 40 years of market wisdom, it combines technical analysis and portfolio construction that is supported by excellent research. It should be required reading for everyone from new investors to the most sophisticated hedge fund managers.”
—Linda Raschke, President, LBRGroup, Inc.
“The author is an award winning Technical Analyst. In this book, he covers the basic principles, definitions, safeguards, pitfalls, and risks of investing. Believing in active management, he recognizes the benefits of multiple tools (fundamental and technical) and disciplines there-on, to construct a portfolio methodology with guidelines for both buying and selling, for maximum gain. This is a valuable book for any serious investor.”
—Louise Yamada, Managing Director, Louise Yamada Technical Research Advisors, LLC.
“In this book, Charles Kirkpatrick demonstrates just how powerful a tool relative strength is, deftly combining technical and fundamental analysis to produce a superior long-term approach. This isn’t just theory, but the real-time work of a practitioner with an outstanding track record. For many years a small group of knowledgeable investors has known about this work, now you can too.”
—John Bollinger, CFA, CMT, President, Bollinger Capital Management
“The author presents a clearly written, time-tested formula for investor independence and success through applying relative price strength for stock selection and portfolio construction.”
—Hank Pruden, Golden Gate University
Contents- Beat the market- Invest by knowing what stocks to buy and what stocks to sell PDF
Introduction 1
CHAPTER 1 Investing Today 3
Investment Management 4
Investment Management Incentive 5
What Do You Do? 15
Summary 18
CHAPTER 2 Beliefs and Biases 19
The Markets 20
My Emotional Experience 22
Summary 25
CHAPTER 3 Investment Risk 27
Individual Stock Risk 27
Randomness 29
Diversification 30
Law of Percentages 31
Drawdown 31
Market Risk 33
Summary 37
CHAPTER 4 Conventional Analysis 39
Fundamental Versus Technical Methods 39
Summary 46
CHAPTER 5 Prediction Versus Reaction 47
Economists 47
Gurus and “Experts” 49
Mutual Funds 50
Security Analysts 50
Reaction Technique 53
Summary 55
CHAPTER 6 Meeting the Relatives 57
Value 58
Growth 61
Price Strength 63
The Evidence 67
CHAPTER 7 Value Selection 69
Performance Three Months Ahead 73
Performance Six Months Ahead 74
Performance Twelve Months Ahead 77
Advancing and Declining Background Market 78
Relative Price-to-Sales Percentile During a Declining Market After Three Months 81
CHAPTER 8 Relative Reported EarningsGrowth Selection 85
CHAPTER 9 Relative Price Strength Selection 95
Relative Strength Calculations . 95
CHAPTER 10 Putting It Together 109
Growth Model 109
Value Model 113
Summary of Growth and Value List Triggers 116
New Model (Called the “Bargain List”) 118
CHAPTER 11 Selecting and Deleting Stocks 125
Buying 125
Selling 127
Sources of Relative Information 130
Other Concerns 131
How to Act 132
CHAPTER 12 Creating a Portfolio of Stocks 137
Maximum Drawdown 138
Simple but Practical Methods of Creating a Portfolio 138
Conclusion 147
About the author
Charles D. Kirkpatrick II, CMT is currently president of Kirkpatrick & Company, Inc., Kittery, Maine. This is a private corporation specializing in technical research that publishes the Kirkpatrick Market Strategist advisory newsletter.
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