In Beat the Market, 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.
If you manage your own investments and want to understand what investing methods are worthwhile and what methods are best avoided, this book is for you. It is also for those who wish to manage their own investments but don’t know how to do it. You will understand the problems and costs of professional management and the inconsistencies in traditional investment methods. You will explore three methods using different information to buy and to sell stocks. Most books on investment leave out what to do after you have bought stocks. I show you when they should be sold.
The historic results of these methods, when melded together, have proven reliable in all kinds of markets over the past 30 years. I show you that the stock market is still the best investment vehicle, how and when to buy and sell individual stocks, when to be out of the market, and how to construct a working portfolio.
Above all, I show you that it is impossible to predict markets or the economy, but it is still probable that you can make money. You must react to circumstances rather than predict outcomes. Using these methods, you will find that you can successfully invest for yourself. 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.
- Investing Today
- Beliefs and Biases
- Investment Risk
- Conventional Analysis
- Prediction Versus Reaction
- Meeting the Relatives
- Value Selection
- Relative Reported Earnings Growth Selection
- Relative Price Strength Selection
- Putting It Together
- Selecting and Deleting Stocks
- Creating a Portfolio of Stocks
Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell By Charles D. Kirkpatrick pdf