Amazon Customer

Quick Listen with Beneficial Information

Revisado: 05-31-20

Position Trading, by William Bahl, is fast listen that provides a succinct introduction to the specific trading discipline. The majority of the book is suited to someone fairly new to the field, and it contains clear explanations alongside plenty of good background information; however, some sections and terminology may require a little background knowledge or research on the listener’s part in order to fully intake the material. Mr. Bahl narrates his own book at a good pace and with adequate inflection. Graphics are referred to at several points, but are described in enough detail so that the listener gets a general idea of the visual.

The book begins with an introduction into what shares and stocks are, including the differences between common and preferred stocks and the variations in levels of service among different types of stock brokers. It quickly moves into a detailed discussion of what defines position trading and its opportunity-targeting approach. Mr. Bahl gives some strategies and tools used as well as the macroeconomic factors that affect position trading, including rates of inflation, interest rates, trade balance, and political and economic stability. He presents some of the risks involved, a detailed example of strategies using a historical example involving the Euro and Ruble, and a list of traits beneficial to a position trader.

Alternative strategies to position trading are presented in terms of their associated time horizons, focusing on what defines both day and swing trading and what differentiates them from position trading. Bahl discusses techniques used to leverage market inefficiencies, as needed by the day trader, as well as the extended time frames, fundamentals, and proper selection of stocks needed by the swing trader.

The final chapter is information-rich and contains details on strategies, such as trailing stops, scaling out, and break-even situations, that enhance the trade management strategy. Plusses of the trading style, including trend capitalization, the ability to mitigate market noise, and the requirement for limited maintenance, make position trading appealing to certain types of investors. Bahl discusses time and activity requirements, as well as scenarios in which one would take a position based on the state of the market.

Mr. Bahl packs a good deal of information within a quick timeframe. The information in this book would be beneficial to the newer investor, with some background in investing or finance, who is looking to explore different avenues of trading.

Has calificado esta reseña.

Reportaste esta reseña

esto le resultó útil a 1 persona

An Excellent Intro for the New Investor

Revisado: 05-14-20

I am the worst kind of investor: emotion-driven, impulsive, and impatient; however, I am also realistic. I know that to make informed decisions regarding finances, I need to understand the basics. While no one book can address the full scope and breadth of any topic, Investing, by Brandon Marks, provides a beginner-friendly introduction to the myriad aspects and terminology of this multi-faceted field. From basic definitions of what it means to save versus to invest to pricing a rental property and navigating exchange traded funds, this book provides a simple, easy-to-follow primer.

Brandon Marks arms the reader with knowledge that allows him or her choose an area of investment to further research. He does not dig too deeply into the complexities of the field, remaining near enough to the surface so as to not scare away a reader new to the topic, but giving enough detail to permit a succinct introduction.

True to the title, Marks touches on numerous subjects. The importance of understanding the “investor’s mind” weaves through several chapters, with the recurring theme that emotion should remain out of decisions regarding investments. Emotions are a natural part of human reaction, and Marks states that the realization of either financial gains or losses can easily trigger an emotional response. While he notes that anxiety can “ruin your investment strategy,” he also says that same caution can be a benefit when ensuring the details of an investment are in order.

One of the longer chapters of the book, the section on rental properties introduces the types of properties to consider, necessary versus “can wait” upgrades and maintenance, and pricing strategies. Although the chapter presents some generalizations as to the types of renters that will be attracted to a certain type of property, Marks makes distinctions among the property types themselves, such as expected fees and associated startup costs.

The book touches lightly on the workings of the stock market, but clearly that is not the focus. Instead, Marks introduces investment strategies, technical analysis, and ways to avoid bad investments. These sections offer straightforward advice, such as avoiding technology stocks for which you have no background knowledge or for which you have not done a great deal of research, instead investing in areas in which you have some expertise to make sound judgments.

Keeping the information simple and straightforward works for this text. The chapter on mutual funds presents an overview of how the fund works, with key subjects being how an investor makes money and the plus and down sides to using professionally-managed funds. The chapter on choosing an investment company offers a short list and explanation of recommended companies with their accompanying rates per trade (dated January 2015). Although the numbers are several years old, there is value in seeing the comparisons.

This book is best suited to the newer investor or to one who may have invested previously but wishes to explore other potential areas. It is easy drown in the flood of information available on investing, and it is common to read pieces written using terminology that is more field-specific and less what the average investor needs to make an informed decision. This book does not fall into either of those categories, instead providing a general overview of information on a broad range of investment strategies to help guide a new investor toward a topic they may wish to further explore. The book is narrated by William Bahl in a simple, straightforward manner. His tone is even but with enough inflection that the material is easy to listen to and follow.

Overall, this book accomplishes what it sets out to do and is an excellent primer for people who are new to the investing world. I would recommend it to graduating high school seniors or those new to the workforce who have never had the opportunity to build investments and who may be considering the benefits of doing so.

Has calificado esta reseña.

Reportaste esta reseña