Crash Profits: Make Money When Stocks Sink and Soar
$12.25
Crash Profits explains not only how to survive, but how to make money before, during, and after a crash. Using real examples fresh from the financial pages, Weiss delineates the full range of risks facing the average American. He shows readers how to see through the lies that Wall Street tells and how to find safer alternatives to stock investing, as well as what to sell, how to sell, and when to sell (and when not to sell). Here’s the unvarnished truth about investing today, coupled with the strategies every American can use to turn windfall profits while others are losing their shirts.
Author’s Introduction:
For you, there are two opportunities: You can make money on the way down and still more on the way back up. Even if you take advantage of just one of these opportunities, and even if you start with a small amount of money, you can be very successful. The more successful you are, the more empowered you will be to invest in the best-managed, most sound, and most profitable enterprises when they need your support the most.
I have written this book to help you maximize your chances of success. The first half of the book is about the current crisis—how we got into this mess in the first place, what dangers are still lurking behind the scenes, and what you can do about it right now. The second half is about worst-case scenarios for the future and my advice regarding the wisest steps to take before, during, and after the crisis. Although I paint a dire picture, always remember that it is never too late—for you as an individual and for the country as a whole—to take protective action. And even in the darkest of times, there will still be abundant hope for a better tomorrow.
Bear in mind that my worst-case scenario is not written in stone. It is designed strictly as a warning of what could happen if our leaders continue their present course. It’s also my way of alerting you to the outstanding opportunities that an adverse market environment can offer you. Some of the events ahead are beyond the power of any one individual or group to control. But never underestimate your own ability to change your future.
Contents:
- The Broker’s Hidden Agenda
- The Bubble
- The Wall Street Hype
- The Bubble Bursts
- The $17,000 Toilet Kit
- Sell These Stocks Now!
- Get Your Money to Safety
- The Ballooning Budget Deficit
- The Bond Market Bubble
- The Real Estate Bubble
- The Winning Minority
- The Team
- Hidden Risks
- Deflation!
- The Fall of the Blue Chips
- Move Your Account!
- An Appeal to Action
- Vertigo
- The Big Bailout
- The Great Rally
- The Gap
- The Blame Game
- Rock Bottom
- The Darkest Day
- A True Recovery
Crash Profits: Make Money When Stocks Sink and Soar By Martin D. Weiss pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 367 |
| Publication Year | 2003 |
12 reviews for Crash Profits: Make Money When Stocks Sink and Soar
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Lewis Kirby (verified owner) –
There are two books that I thank the Lord for delivering into my hands. This is one of them, because it helped me to save my enitre net worth over just the past few weeks of financial market turmoil. The other book I wouldn’t live without it “9 Free Secrets of New Sensual Power” by Clint Arthur, because it revolutionized my personal life with my wife and family. Thank you to both these authors for giving me and mine so much help in these difficult times.
Mila Joseph (verified owner) –
This book is the BEST one you’ll find that could be “Bubble Economy 101” or “Bear Markets for Dummies”.
If you’ve felt betrayed and blindsided by the stock market declines since 2000; if you have ever felt the least bit intimidated by the economists, the Wall Street pros, and the guests on financial TV and assumed they know more than you do; if you have been arguing with yourself over whether to sell your stocks; if you have been debating over whether to buy a house; if you have wondered if the yields on corporate or muni bonds are a good deal; if you’ve ever wondered how our economy has gotten itself into the fix it is in; if you’ve looked around and felt like we aren’t “bouncing back” and wondered why; READ THIS BOOK!
The book is practically worth it alone for the discussion of the government bond market, and why confidence MUST be maintained in it.
Ailani Castaneda (verified owner) –
This book is a must read for veteran or new investors. It tells a lot about the markets and how they operate. It warns about improper practices of some stock brokers. Included is advice on better stock trading.
Roland Martin (verified owner) –
I have spent literally thousands of hours over the last several years attempting to understand the nutty nineties stock market bubble, excess credit creation, global economic conditions, Federal Reserve policy implications, deflation/inflation, Austrian School of Economics and investment strategies in a post bubble world. I have no doubt that Dr. Weiss’s book would have drastically shortened my learning curve!
Most financial publications are written in academic or industry lingo making them hard to digest for a novice, and just plain difficult to read. Dr. Weiss presents the clearest most simple explanation for many facets of our previous stock market boom and the potential aftermath of these excesses, while most other books over complicate the subject. Dr. Weiss combines fictional tales with facts to weave a boom and bust tapestry that all but the blind can see. I thought so highly of this book, I purchased extra copies for family friends who are complete novices, as a way of introducing them into our current investment climate.
I do not necessarily agree with all of Dr. Weiss’s positions, I strongly recommend this easy to read and comprehend book for the novice and market maven alike.
Collin Flores (verified owner) –
This arrogant self-promoter acts like he’s right and everyone else is wrong. He’s be justified in acting that way if he were right. But he’s wrong at least as often. He tries to scare people into buying his books, his newsletter, and (worst of all) his high-priced “trading services”. He called for a real estate crash in 2003, a bond crash in 2004, and he’s called for a stock crash every year for the past decade.
Emilia Morton (verified owner) –
By combining fiction with non-fiction, Dr. Weiss’ had made his extremely bearish outlook a page turner. Advice on protecting yourself from loss during such a crisis is coupled with stratgies allowing you to prosper.
By now, it is common knowledge that many in the financial community gave bad advice to public investors with the sole purpose of lining their own pockets. Weiss’ description of those abuses is worth the retelling, as it offers an additional warning to all of us.
Whether you agree with his outlook or not, there is much to be gained from reading this book. His suggestions on keeping your assets in the safest banks, money market funds and brokers is sound advice for everyone. Weiss provides lists of those safer institutions.
Robin Pratt (verified owner) –
Keep in mind when you read this book that the author was ordered to pay substantial monetary penalties to the U.S. Treasury in June 2006 for misrepresenting himself as an investment adviser when he was not registered with the Securities and Exchange Commission. It was noted in the lawsuit (UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION INVESTMENT ADVISERS ACT OF 1940 Release No. 2525 / June 22, 2006 ADMINISTRATIVE PROCEEDING File No. 3-12341) that “he used selective, outdated, and/or hypothetical examples of specific returns that subscribers might have realized on individual trades had they followed Weiss Research’s recommendations, without advising that the overall return was or might not be profitable … The overall performance of Weiss Research’s premium services did not support these profit claims. In fact, during the relevant time period, many subscribers who followed each Weiss Research trading recommendation – as Weiss Research encouraged its subscribers to do – experienced overall returns that were substantially lower than Weiss Research’s profit examples and most actually lost money.”
Kyle Maldonado (verified owner) –
We retired exactly one year ago, and again, last year we made money from our financial assets – not much, but it beats many of our friends and associates. Our success is attributable to two basic sources, John Mauldin’s free weekly newsletter (Millennium Wave Online) and Dr. Weiss’ previous book, “The Ultimate Safe Money Guide”. Between these two intellectual perspectives of the dynamics of our economic and political environments, my wife and I walk away with a stronger gut feel for why, how and where to protect our nest egg.
Dr. Weiss’ new book is like reading one of the “Left Behind” series – but, his is a story developed around plausible outcomes of world events that seem to be developing as we speak.
The book enlightens the reader about the atmosphere of greed and corruption surrounding specific corporations, especially the analysts, brokerage firms and institutions who colluded to implement their strategies. The book gives you a “heads up” to where to park your assets. It also gives you an awareness of the necessity to filter information that you are exposed to when making financial decisions. For example, we watch CNN’s L. Dobbs Report every day, but we also know that a major brokerage firm sponsors the show, thus we filter accordingly.
In summary, Dr. Weiss’ two books mentioned above are “must reads” especially for those of you near or in retirement.
Skyla Ramsey (verified owner) –
Martin D. Wiess’ Crash Profits: Make Money When Stocks Sink and Soar! is really two books in one. On one hand it is a review-and very stinging commentary-of the shenanigans that corporate executives and Wall Street investment bankers have engaged in over the past decade that have done so much to undermine investor confidence in the markets. On the other hand it is an “investment guide for hard times” which-as all such endeavors do-assures the reader of sure fire profits in the future.
This book works much better as social commentary. Mr. Weiss is a well known, very credible and knowledgeable critic of Wall Street. Here he presents a very well constructed picture of just how the excesses of recent time came about and how they have affected investment environments. His stinging indictment of the corporate world not only effectively relates events but also provides a very detailed picture of how these events have affected the average investor’s views and outlook vis-Ã -vis the markets.
As an investment vehicle the book leaves much to be desired, as most of these books do. The problem is these books are aimed at the “average” investor but, like so many of its predecessors, it focuses on the wrong aspects of economic life in the middle class. It’s not that the investment advice given is particularly flawed, it’s that it fails to provide the guidance that is really needed at this point in time to really improve the economic lot of the middle class family. It talks endlessly of “investment” and virtually ignores debt, which in point of fact is the real scourge of the middle class’ economic status. The “average” middle class family has approximately $40,000 a year in family income. It also has approximately $5000 in outstanding credit card debt. With an average interest expense of 18%, the average family’s major “investment” is carrying what appears to be becoming a perpetual, high cost debt. On a long term basis, reasonable investments will generate anywhere from 5-10% in return. That’s true of Mr. Weiss’ strategies as well. Yet Mr. Weiss speaks virtually not at all to the drain debt wracks on total investment return.
If your are debt free, this makes a reasonable investment guide. If you are not, you’d be much better off buying a guide to managing debt. Regardless of you financial situation, this book is worthwhile as a historical review of the dynamics of corporate excess in the `90’s.
Elaina Gray (verified owner) –
The title of the book is probably the most misleading one I have come across for a while, as it has nothing to do with the books contents. The cover would have you think this is a book about how to make money and give you the strategies promised on the back cover. It isn’t. It is a storyline about a CEO and some friends who get caught up in some financial tricks and end up blowing the whistle in a financial thinktank called CECAR. It is designed to be a lesson in macro and micro economics. The problem is that the story is interesting at the start, but drags on and on with the unplausible existence of the thinktank (as no-one would fund such a thing) that grows in size, profile and importance to the point where there is a meeting with the US President. Get the drift ? I read all but the last 40 or so pages. My recommendation is not to buy this unless you want a few pages of an interesting story on how financial cover-ups can work.
Callie Boyle (verified owner) –
Given the way the economy is going, this book is a must read. There is a possibility that there will be a stock market crash in the near future: given the unfolding of the subprime mortgage crisis and untold numbers of foreclosures; banks that dabbled in hedge funds and subprime mortgages beginning to feel the pinch; the dollar spiralling downward; and the price of oil skyrocketing. Somewhere in all of this, one gets a distinct feeling of instability, and that is where Weiss’s book comes in.
His knowledge of the investing environment is refreshing and at the same time disturbing. He equips the average investor with knowledge that will help him/her in the coming difficult times. This is not a light read, yet the way he weaves story lines through the book, it places the reader comfortably into the investing environment. He gives worst-case scenarios and asks hard questions that makes the reader think. He also reveals astute insight and provides solutions to problems that help the reader feel equipped to tackle the upcoming turmoil in our economy.
The most valuable parts of the book (I think) are
where he mentions that he rates bank and brokerage firms and includes the websites. I felt as if I was reading the consumer report for banks! We actually visited a library and looked up Weiss’s bank ratings books there. They rate banks on a quarterly basis, and include a thorough list of banks in every state, their rating and safety (some banks even get A+). We checked out the banks with the higher ratings in our state.
This book provides peace of mind to the average investor trying to save and invest for the future when the economy looks dismally bleak.
Emersyn Parsons (verified owner) –
This book has a great deal of valuable advice and Martin Weiss is an extremely reliable expert. HOWEVER — This is the EXACT SAME book as his previously published “Crash Profits.” They simply changed the title! I can find absolutely no updated or new information in this one. There is a mention of this on the back cover but you normally only get to see that until you’ve bought the book.