Chem,
What is wrong with Dave Ramsey? He teaches conservative financial values and no debt.
Thanks anthony! Looks like a good list for long-term investors.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Chem,
What is wrong with Dave Ramsey? He teaches conservative financial values and no debt.
For free reading, look at the return leaders of this board (not me), and read their past posts....
I am enjoying the past posts of all the members here, i am not as confused as i was, so im feeling better about it !
I was thinking about picking up RevShark's book ... has anybody read it? Was it good, bad, so-so?
To get to the light at the end of the tunnel, you have to be willing to face the train.
I haven't started mine yet but one of our members told me they couldn't put it down once they started. I assume that means it starts out with his personal story rather than technical stuff.
I plan to read it over my Christmas vacation.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Just finished RevShark's book. Some personal take-aways:
1) Noone investing in an index fund is going to make 10's of millions of dollars - an index just can't move 20% in a day or a month. So we may be able to make a couple of million over the long haul, but $10M or more is extremely unlikely.
2) He makes some very good points on personal investors versus brokerage houses, all of which I think applies to us. However, with the proposed clamp-down on trading, we are not going to be as reactive as he suggests we should be. Hence, if you're thinking of applying his techniques, it might be worth while to roll over your TSP fund into some other company that would allow you to be more reactive. However, if you're still a Fed, you have great matching funds, so that is something to consider.
All in all, a very enjoyable read. And (IMHO) there are some great truths to take from it ... one of which (concerning what drives the market) I have been saying for some time.
Highly recommended.
To get to the light at the end of the tunnel, you have to be willing to face the train.
Thanks for the review Doc. I copied that post to the new book review sub-forum that you suggested. Good idea.
Thanks again!
Tom
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Decent list of recommended reads from the manager of the Pinnacle Value Fund.
http://www.forbes.com/2008/01/28/gra...rtner=yahootix
Just finished reading "Master The Markets" by Tom Williams. He was a syndicate trader back in the 70's. He explains how the "smart money" minipulates the markets to their advantage and at our expense. The most eye opening investing book I've ever read in my 18 year investing career. It goes for $100 but you can download a pdf version at TradeTheTruth.com (click on their download link) It's 188 pages to print but I believe it's worth it. I'm starting my second read through now. Good stuff.
Here's the link http://www.tradethetruth.com/downloads.html
2nd mouse gets the cheese!!!
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks