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- The Investment Alternative

- Rich Dad's Advisor Series: Loopholes of the Rich(TM) : How the Rich Legally Make More Money and Pay Less Tax (Rich Dad's Advisors Series) [ABRIDGED]
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- How To Profit by Forming Your Own Limited Liability Company

- Keep What You Earn : Practical Strategies to Protect Your Assets from Taxes, Lawsuits, and FinancialPredators

- Tax Planning and Preparation Made Easy for the Self-Employed

- 1,001 Perfectly Legal Ways to Get Exactly What You Want, When You Want It, Every Time

- The Nevada Corporation Handbook

- The Trader's Tax Survival Guide (A Marketplace Book)

- Passing the Torch: Transfer Strategies for Your Family Business

- Terry Savage Talks Money: The Common-Sense Guide to Money Matters

- Preserving Family Wealth Using Tax Magic: Strategies Worth Millions

- The Roth IRA Made Simple

- Marketing for Cpas, Accountants, and Tax Professionals (Haworth Marketing Resources)

- Your Will & Estate Plan: How to Protect Your Estate and Your Loved Ones

- Markets In Vice, Markets In Virtue

- The Complete Estate Planning Guide: Updated to Include Tax Changes to 1998

- Estate Planning Success for Pennsylvania Residents

- Save a Fortune on Your Estate Taxes: Wealth Creation and Preservation

- Tax Planning and Compliance for Tax-Exempt Organizations: Forms, Checklists, Procedures (Nonprofit Law, Finance, and Management Series)

- It's Not What You Make, It's What You Keep : How to Keep as Much After-Tax Money as the Law Allows

- Passing the Torch: Succession, Retirement, and Estate Planning in Family-Owned Businesses

- Keeping Good Records: Tax Guide 501 (Crouch, Holmes F. Allyear Tax Guides. Series 500, Audits and Appeals, 501.)

- How to screw the IRS

- Warning: Dying May Be Hazardous to Your Wealth/How to Protect Your Life Savings for Yourself and Those You Love

- Introducing "The Family Limited Partnership" How to

Average customer rating:
- My experience with this promotion
- Great book for someone that wants to take control of their future
- great book, I read it all the time
- Making money on seminars
- Only one good idea but one I have found very useful
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Covered Calls and LEAPS--A Wealth Option + DVD: A Guide for Generating Extraordinary Monthly Income (Wiley Trading)
Joseph R. Hooper , and Aaron R. Zalewski
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover
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Similar Items:
- Cash for Life: Unlock the Incredible Monthly Cash Income in Your Stock Portfolio. Master the Art of Selling Covered Call and Naked Put Options At the Right Time on the Right Stocks
- New Insights on Covered Call Writing: The Powerful Technique That Enhances Return and Lowers Risk in Stock Investing
- Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor (Agora Series)
- Covered Call Writing with Qs and Diamonds: Double-Digit Returns on Ready-Made Portfolios
- The 25% Cash Machine: Double Digit Income Investing
ASIN: 0470044705 |
Book Description
In this one-of-a-kind “how-to” guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership. Filled with in-depth insights and proven techniques, this book is the definitive, rule-based guide to covered calls and calendar LEAPS spreads.
Customer Reviews:
My experience with this promotion.......2007-06-19
I became interested in this book's dramatic claims because the forward was written by Kiyosaki, who has a pretty big reputation, and the book is published by Wiley, which seemed a decent recommendation.
I soon found out that the book was about $70 online. A bit later I visited Hooper's website, emailed a question and received a reply from him. I found out that his site supplies an $80/month stock screening service so one can know which stocks are best and safest to apply the covered calls and LEAPS method to. Ok, $80/month is not necessarily a deal breaker, if the method can generate 4% returns per month on one's capital. If the method worked, the breakeven point would be reached if one invested only a couple of thousand dollars in stock using the method -- the 4%/month on that single investment of $2000 would ongoingly pay for the $80/month subscription service. Any further capital invested would generate pure gravy. $50,000 in stock would generate about $2000 a month. So the $80/month subscription service seemed reasonable. Still, the discovery of the $80/month fee raised my suspicions.
So I emailed the site again to find out about their offer to use the first month of the subscription service for free. I wanted to know if one could cancel at any time during that first free month and never be billed any money. I thought I would get the free service for a month, and during that month test a virtual, fake portfolio of stocks with no real money invested, so I could see if the method worked. I also wanted to check whether there would be still other fees, or if the book and subscription would be all I needed. I had seen expensive seminars advertised at the website, and I wanted to be sure I wasn't going to wake up after paying for the subscription and book only to find out that one must also pay for seminars if one wanted to succeed with the method.
I didn't receive any reply to my email asking whether the first free month requires a commitment to pay for additional months, and whether anything other than the book and subscription would be needed. So I emailed again, making the email even briefer than the already quite short one I had sent before. So far, I still have not received any reply.
Does this failure to reply mean that Hooper or his staff decided it would be better not to reply to this sort of email, since they figured people asking the sorts of questions I was asking wouldn't get the book once we realized a subscription was also necessary, and wouldn't get the subscription once we realized a commitment beyond the free month was necessary, and wouldn't pony up for that commitment once we realized a seminar was also essential? Did they think I would only serve as a conduit for the negative information that each purchase of their product turns out to be only a fishing line to reel the customer in to the purchase of yet another product? Did they decide people asking the questions I was asking could only pass on the word that one cannot really test drive Hooper's method before putting up big bucks? I don't know. Maybe Hooper and his people are overwhelmed with email, though I rather doubt that's the reason for no reply. And I'm not at this point prepared to spend $70 bucks (or a whole lot more than $70, if the required commitment to the subscription is several months or a year, and seminars are necessary) on a method I can't test first.
Update: According to a comment made on this review (see the "comment" link just below), so long as one gets the book one can use the subscription service for one month free, without any further commitment. But is the expensive seminar necessary to succeed? As yet no answer from Mr. Hooper or his staff -- but maybe they are too busy to reply.
Second update: For the most devastating response to this book, see the reader review titled "Covered Call Returns via CSE Fund", by Investor 222, who attended one of Hooper's seminars. Read ALSO the comments on that review. It seems that Hooper used to have a showcase fund intended to demonstrate the effectiveness of his covered calls technique. But according to the review by Investor 222, and as is demonstrated by the dialogue in the comments following Investor 222's review, HOOPER'S SHOWCASE CSE FUND UNDERPERFORMED THE STOCK MARKET! Hooper has since closed it down -- with the utterly lame excuse that the problem was high commissions being charged per trade. So Hooper is supposedly going to get around eventually to transferring the showcase CSE Fund to a low commission account. As if that would solve the problem. I wouldn't hold your breath waiting for that showcase account to reappear. One can only conclude that even the ultimate authority on the technique can't make it work! So much for 4% returns/month! So much for 3% or 2% even! Hoooper himself comments on Investor 222's review, but the most Hooper can say is that Investor 222, by using the technique, "made money." Whoopie-doo. That doesn't matter much, since Investor 222 made FAR less than what Hooper's technique promises, and even made less than the broad market! For that we need to lay down $70 and buy Hooper's book, get his screening service, and attend an expensive seminar? Might as well just invest in a broad-based index fund and apparently we'd do better. (Easiest way to get to Investor 222's review and the comments on it and read them for yourself is to use the "search customer reviews" box, which will appear if you scroll up and look at the right side of the screen. Just paste the review title -- Covered Call Returns via CSE Fund -- into the "search customer reviews" box and click on "go".)
Great book for someone that wants to take control of their future.......2007-06-19
Let me start with letting everyone know I started using the CSE technique over 2 years ago. I have been very happy with it. I began with their intensive 2 day seminars. The fact that you can re-attend those for free as often as you would like tells you the caliber of people that Joe and Aaron are. When I see people at the seminars, there are both new people and old people there. It works.
This book is an extension of their 2 day intensive manual. Not everyone can get to their class, and the class might be cost prohibitive for people that were not referred by someone. I think it is better written than their 3 ring binder from the class. Probably because it was professionally edited. It is also a bit better organized than the binder. That is why despite the fact I have taken the class, I like having the book. It brings up some slightly different points and is smaller for reference. In fact, I have given out several copies to friends because I believe these techniques can change your life.
One thing the book is a bit lacking is alternatives to their fee based tools. Most of their tools have free alternatives, but they don't save as much time. But having started with many of the free tools, I now see how much time their tools save.
It is also missing some of their newer techniques....but hey, it's a BOOK. It has to be printed at some time. When the 2nd version of it comes out, rest assured I will buy a copy of that also.
It is designed mostly for beginners, but people that are familiar with covered calls, can get a lot of benefit and skip over much of the introduction. The rules are fairly foolproof. Most of the times that I have had issues is when I have broken the rules and thought I was smarter than them. The book is not very clear that you should start with a VIRTUAL ACCOUNT and not trade with real money. Especially if you are new to this. You will make mistakes and those can cost you if you are using real money in the beginning.
I will say the first time I had a stock drop 25%, I freaked out and started to panic. But after 2-3 months, I realized I was getting the 3-5% returns on my money. I calmed down then. I learned to relax and have patience. It does work. Not always 100% of the positions every month. Sometimes you end up stuck in a position for a few months and don't earn income on that ONE position, but the rest of them average out to earn your 3-5% per month.
I also think people don't like the system or book because it does take some WORK! Probably 15-20 minutes every couple of days when you have to manage a position. Not too much...but we seem to live in a time when everyone wants things just given to them and make extraordinary returns for no work or time. If that's what you are looking for, go somewhere else...and good luck finding it. This system is like being the "house" in Las Vegas. You take your percentage every month and don't shoot for making 1000% off one thing.
I do think probably $10,000 is the minimum you would want to start with. $3,000 is a bit low. Especially with commissions and their toolkit costs.
I also do think if you follow their system, you will want to look at the 2 day intensive seminar. It just helps so much. But this book should help you earn enough that you won't mind paying for the class and review. I found the class takes 2-3 times to really get it. So this book will probably take 2-3 times to really get it...but it's good stuff.
great book, I read it all the time.......2007-06-14
The book helps to navigate the covered call.I have attended the seminar and practice the rules the book explains, along with the outstanding support from CSE staff this is a no brainer. People who diss the book most likely did not follow the rules or did there homework. Theres alot of books on this subject but none help you out of market ups and down as this one does!
Making money on seminars.......2007-06-03
Risky stuff. Poorly written. Can't get enough info unless you pay for a seminar.
Only one good idea but one I have found very useful.......2007-05-29
Forget the first half of the book on selling covered calls; if you want to do that a much better book is Samir Elias' one.
In the section on using LEAPS, however, the authors' suggest using high delta LEAPS covered by low delta covered calls. I have found this to be a key to being consistently profitable with that technique.
Average customer rating:
- What an EXPERIENCED lawyer can do
- Good Starting Point
- This book was overly simplistic and had little good advice.
- WHAT ARE THESE OTHER REVIEWERS TALKING ABOUT?
- It keeps getting better
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What Can You Do With a Law Degree?: A Lawyer's Guide to Career Alternatives Inside, Outside & Around the Law
Deborah Arron
Manufacturer: Niche Pr
ProductGroup: Book
Binding: Paperback
Guides
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- The Lawyer's Career Change Handbook: More Than 300 Things You Can Do With a Law Degree, Updated and Revised
- Nonlegal Careers for Lawyers, Fifth Edition
- America's Greatest Places to Work with a Law Degree & How to Make the Most of Any Job, No Matter Where It Is
- Should You Really Be A Lawyer?: The Guide To Smart Career Choices Before, During & After Law School
- Careers in Law
ASIN: 094067551X |
Book Description
Written by a lawyer for lawyers, Deborah Arron's book is a virtual encyclopedia for lawyers in transition, covering such topics as how to conduct a self-assessment and transferrable skills analysis, how to detect and prepare for layoff, how to establish a transitional financial plan, how to market your special talents, how to work with career consultants and headhunters, how to decide whether to stay in law or leave, how to avoid job-interview hell, how to handle compensation negotiations that work in your favor.
Customer Reviews:
What an EXPERIENCED lawyer can do.......2007-02-05
I'm very disappointed in this book. As a recent law school grad WITHOUT years of experience, I was looking for ALTERNATIVES to practicing law at all!! Instead, this book wasted my time and money by assuming I would have the legal work experience to make me attractive to other professions or give me the knowledge to begin some business of my own.
All I really learned was what I already knew was available as an alternative -- teach!
Phoey!! What a waste of my money and time.
Good Starting Point.......2006-09-10
So many lawyers feel burned out, exhausted and stressed--and they don't where to turn next. This book is an easy and anonymous next step for lawyers exploring career change solutions.
Some of the other reviewers raised valid criticisms; parts of the book are very general indeed. However, for many lawyers, it's the ideal starting point for analyzing what they really want to do with their life.
Many lawyers I know have enjoyed this book's exercises for mapping out an ideal job and analyzing transferable skills. They also like the appendix listing jobs in and around the law; it's good for brainstorming possibilities.
As a lawyer coach, I particularly appreciate the chapter dealing with lawyers' finances. Far too many attorneys have no realistic handle on their spending--either personal or professional. Many don't know how much money they REALLY NEED to live on. A financial analysis and budget are critical parts of any job change.
The author peppered the book with links to websites listing jobs, salaries and benefits, and other job-hunting tips. The book functions well as intended: as a good starting point for lawyers contemplating career change.
This book was overly simplistic and had little good advice........2003-12-05
I could sum this book up in eight words:
So you didn't like law school? Try teaching.
There I just saved you the time of ordering and reading it. This book was a typical one of those books you see in a public library with really basic common sense ideas and little insight.
WHAT ARE THESE OTHER REVIEWERS TALKING ABOUT?.......2003-10-27
I cannot believe the criticism of this book. THIS BOOK IS NOT FOR LAWYERS WHO ARE HAPPY IN THEIR WORK AND WHO HAVE FOUND THEIR NICHE.
THE THRUST OF THE BOOK IS TO ASSIST LAWYERS WHO HAVE EITHER GROWN DISILLUSIONED WITH THE PRESSURES OF LEGAL PRACTICE OR WHO HAVE DECIDED THAT THEY WISH TO APPLY THEIR SKILLS IN ANOTHER ARENA.
YOU CANNOT READ THIS BOOK ONCE AND EXPECT TO APPLY THE PRINCIPLES WITHIN A FEW DAYS OR WEEKS. This is a book for long term change and not for the impatient, which is a quality I suspect some of the negative reviewers have demonstrated.
THIS BOOK HAS HELPED ME ENORMOUSLY THROUGH A DIFFICULT CAREER CHANGE. WITHOUT THIS BOOK I WOULD NOT HAVE COPED BECAUSE THE STRATEGIES AND INFORMATION CONTAINED IN IT TAKE TIME TO PUT INTO PRACTICE. IF YOU TAKE A LONG TERM VIEW, IMPLEMENT THE IDEAS AND REGULARLY REFER TO THE BOOK WHEN REVIEWING YOUR PROGRESS THEN THIS BOOK IS INDISPENSIBLE.
The author has pinpointed with great accuracy the level of discontent in some quarters of the profession. Hey with the blame culture, billable hours, risk management, and so on, it is important that alternative career options be identified.
These issues are not often discussed among professionals and can make for uncomfortable reading. This does not mean that they should be swept under the carpet and ignored.
The techniques start with self assessment and identification of the unbelievable skills that we have acquired as Lawyers. Nowhere does the author criticise the profession or fellow professionals.
Indeed she gives people positive strategies for reviewing the options available, making choices and taking action steps.
IF YOU WANT TO MAKE A CAREER CHANGE WITHIN OR OUT OF THE PROFESSION, THIS IS THE LEADING BOOK AND AN ESSENTIAL GUIDE.
It keeps getting better.......2003-10-25
I have copies of the 2nd, 3rd, 4th and now 5th editions of this book and it keeps getting better. I provide career guidance for lawyers and sent in a review of the 4th because I and so many of my clients found it very helpful. I'm pleased to continue to recommend it and find that all of the strengths of previous editions remain, accompanied by some invaluable additions such as realistic advice about an on-line job search. This book can be read cover to cover but it's also accessible and effective in pieces and in any order.
This book is a tremendous resource for those who are seeking answers to their own career dilemmas but it is no substitute for the hard work and introspection that must accompany this process. If you're not ready to do the work you probably won't like the book. If you are a lawyer who really wants to explore change, it's the best publication available.
Average customer rating:
- Future energy provides realistic options for the future;by the time you are done, these expectations will be things of the past!
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Future Energy: How the New Oil Industry Will Change People, Politics and Portfolios
Bill Paul
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover
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Similar Items:
- Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
- Nuclear Energy Now: Why the Time Has Come for the World's Most Misunderstood Energy Source
- Oil on the Brain: Adventures from the Pump to the Pipeline
- Oil and the Future of Energy: Climate Repair * Hydrogen * Nuclear Fuel * Renewable and Green Sources * Energy Efficiency
- Money, Power, & Elections: How Campaign Finance Reform Subverts American Democracy (Politics@media)
ASIN: 047009642X |
Book Description
Praise for Future Energy
"Do not despair. Energy independence is in our future and this book has the road map! Bill Paul, one of the most astute observers of the energy scene, describes the new technologies that are taking us there and that will change our lives. A must-read book showing how business, citizens, and investors can take advantage."
—Consuelo Mack, Anchor and Managing Editor Consuelo Mack WealthTrack
Concerns over the availability and security of world energy supplies, especially when it comes to crude oil, have many people wondering what the future of this industry holds and how technology will continue to change it. Thanks to the energy technology revolution currently taking place, a promising "new" oil industry is quickly beginning to take shape-and it will, without a doubt, affect every company, household, and investor.
In Future Energy, author Bill Paul-a national energy and environmentaljournalist for more than thirty years-skillfully addresses the investment implications of this new oil industry and shows you how to profit from the changes that lie ahead. Filled with in-depth insights and expert advice, Future Energy will introduce you to some of the most essential issues found within this new environment, including:
- The companies that will be counted on as the producers andinfrastructure providers of the new oil industry
- Why you should consider holding "oil shock" absorbing investmentsin your portfolio
- How electricity will become a new transportation fuel, providingunprecedented transportation fuel diversity
- The role that substitute liquid fuels (SLFs) will play in the newoil industry
- And much more
Customer Reviews:
Future energy provides realistic options for the future;by the time you are done, these expectations will be things of the past!.......2007-05-07
Though Future Energy by Bill Paul provides pheasible expectations for our country/planets energy future, I feel the book was too slow a read to be rated highly. Though the facts were good, I see this book as a waste of blank pages. I give this book a 2 star rating out of pity and respect for facts.
Average customer rating:
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International Investment Arbitration: Substantive Principles (Oxford International Arbitration)
Campbell McLachlan , Laurence Shore , and Matthew Weiniger
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover
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ASIN: 0199286647 |
Book Description
Arbitration of overseas investment disputes is one of the fastest growing areas of international dispute resolution. The exponential growth of international investment in recent years has led to the signature of over two thousand Bilateral Investment Treaties (BITs) between foreign states, in addition to a wealth of multilateral treaties and other forms of concession agreements. Disputes that have arisen are often resolved through the forum of international arbitration, and typically involve claims by an investor company for compensation when an investment has been illegally expropriated or adversely affected by the state's activities. The legal principles that have developed in this area are subject to intense debate, and are still in a state of flux. While tribunals routinely state that they are applying principles of public international law to determine disputes, many of the principles applied have only been developed recently in the context of investment treaty arbitrations, and tribunals are often guided more by the approaches taken by other tribunals, than by pre-existing doctrines of public international law. However, the volume of law created, applied and analysed by tribunals is such that it is now possible to begin the necessary process of codification. International Investment Arbitration:Substantive Principles is an important step in this process. The book provides a detailed analytical survey of the developing substantive principles which are being applied to disputes by international investment tribunals. It considers the key questions that arise, and provides a clear description of the present state of the law as reflected in tribunal practice. Key areas of coverage include: the instruments under which investment disputes arise; the legal basis of treaty arbitration; dispute resolution and parallel proceedings; who is a foreign investor, including nationality issues and foreign control; what is an investment; investors' substantive rights; expropriation; compensation and remedies. As the volume of international investment arbitration grows, international law firms are increasingly having to acquire expertise in all aspects of this specialised and rapidly developing field. Written by a leading author team from Herbert Smith, and benefiting from the public and private International law experience of Professor Campbell McLachlan, this book is an essential reference work for international arbitration counsel, arbitrators, and academics.
Average customer rating:
- Interesting Book Flawed by Numerous Typos
- Lacks Depth of Coverage
- Only focuses on risk of returns and leverage
- BEWARE!
- Good book with a very narrow focus
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The Hedge Fund Handbook: A Definitive Guide for Analyzing and Evlaluating Alternative Investments
Stefano Lavinio
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Hardcover
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- Hedgehogging
ASIN: 0071350306 |
Book Description
Hedge funds--one of today's most popular and lucrative investments for high net-worth individuals--also carry tremendous risk for the unwary. The Hedge Fund Handbook provides new tools and frameworks for understanding these complex funds, with the emphasis on risk measurement and management. Extensive charts and graphs demonstrate the inadequacies of traditional methods of analysis while offering the reader a striking new method for detailed, accurate analysis.
Customer Reviews:
Interesting Book Flawed by Numerous Typos.......2006-07-31
This book is certainly not a definitive guide to evaluating hedge funds. It focuses pretty much exclusively on a number of tools for evaluating the risks and returns of hedge funds from a quantitative perspective. It discusses and illustrates some interesting ideas such as the Hurst Index and d ratio to help us evaluate the dynamic nature of hedge fund returns. However, the book is flawed by many figures that either do not display what they are said to in the text or sometimes simply repeat the previous figure with a different number and caption, or perhaps are completely wrong. This makes the book hard to understand in parts.
Lacks Depth of Coverage.......2003-04-26
I read this book in about an hour, it is vey simplistic in the analisis and its conclusion or based on assumptions that can never be applied to hedge funds, specialy his survivorship analysis. I have read about 10 books in hedge funds, I find this the least helpful.
Only focuses on risk of returns and leverage.......2001-06-18
Only focuses on one aspect: risk computations and leverage This book is certainly not a handbook on how to buy a hedge fund. It spends a great deal of time discussing how to disect a fund's returns mathematically. It does a good job of explaining in simple English what is wrong with using standard deviations of returns in trying to determine a fund's risk. Unfortunately, that is not all that one should consider in evaluating a fund. It does not go into detail about looking at other funds a manager may have been involved with, comparing that fund's returns to other funds in its class. It does not talk about understanding how hedge funds determine their fees, how to watch out for fraud, how to evaluate a fund's accountants and lawyers and the relative importance of these factors. It does not spend much time on discussing the risks involved due to the fact that most funds limit when one can put in or take out money or that a fund may force you to take some of your investment back. It also does not discuss tax treatment. Many funds' earnings are reportable as regular income. This may be important. The bottom line is that you can find out about risk and volatility from a stat book. It is the other behind the scenes unformation that is also critical in choosing a hedge fund.
BEWARE!.......2000-07-02
I am highly skeptical of the data behind most of this book. The figures seem consistently wrong. I doubt a single set of data could give the #s shown in both Table 4.2 & Chart 4.5. I find it funny that in Charts 7.1 & 7.2, 2 managers have tremendously different gross returns, but seemingly the exact same set of monthly returns. Funny again, in Charts 8.1 & 8.2, "Best" & "Random" managers seem to have the exact same results. Are the errors in proof-reading, concept, or facts?
Good book with a very narrow focus.......2000-05-18
This book will be useful for the money manager interested in choosing among the growing universe of hedge funds. Despite some overmethodical and occasionally dubious measurement techniques (much is made of the mysterious-sounding "d ratio", which is simply the ratio of winning months to losing months), Lavinio does provide some useful tools for evaluating the past performance and future prospects of different hedge funds.
The only disappointment is that Lavinio tends to treat hedge funds as mysterious black boxes, scrutinizing their results without any real attention to their methods. The lay reader will probably find little to satisfy his/her curiosity.
Book Description
Praise for Active Alpha
"Active alpha is the quest for every sophisticated investor. This book covers all of the key alpha sources currently mined by active managers, reduces the complexity of the subject, and helps the investor get started in the right direction."
Mark Anson, Chief Executive Officer, Hermes Pensions Management Ltd.
"Long-held traditional methods for investing large portfolios are giving way to new processes that are designed to improve productivity and diversification. These changes find their locus in the sometimes overly mysterious world of absolute return strategies. In this book, Alan Dorsey demystifies that new world and provides a guiding pathway into the future of professional portfolio management. This is an important read for any investor who plans to succeed going forward."
Britt Harris, Chief Investment Officer, Teacher Retirement System of Texas
"With great lucidity, Alan Dorsey's book, Active Alpha, fills an important void by identifying the relevant institutional features of this complex subject and by providing a unifying analytic framework for understanding and constructing portfolios of alternative assets. For anyone investing in the alternative class, from the new student to the experienced practitioner, Active Alpha is a necessary read. I am recommending it to everyone I know with such an interest, and it is destined to become a much thumbed reference on my shelf."
Steve Ross, Franco Modigliani Professor of Financial Economics, Sloan School, MIT
Average customer rating:
- A convincing explanation why you should avoid mutual funds and an alternative
- Stop wasting weath improved my bottom line
- Great book for individual investors!!!
- Excellent Information
- Highly biased, beware of biased author
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Stop Wasting Your Wealth in Mutual Funds: Separately Managed Accounts - The Smart Alternative
Don Wilkinson
Manufacturer: Kaplan Business
ProductGroup: Book
Binding: Paperback
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Similar Items:
- Investing in Separate Accounts
- The Managed Account Handbook: How to Build Your Financial Advisory Practice Using Separately Managed Accounts
- Separate Account Management
- The Great Mutual Fund Trap: An Investment Recovery Plan
- The Little Book That Beats the Market
ASIN: 1419520180
Release Date: 2005-12-01 |
Book Description
Are the 95 million Americans invested in mutual funds making a mistake? Will inherent problems in the fund industry keep investors from achieving their goals? ""Absolutely,"" says author and financial expert Don Wilkinson. ""Mutual funds are the road kill of American investing.""
In Stop Wasting Your Wealth in Mutual Funds, Wilkinson throws passé investment strategy out the window to make room for the reality of a new era. According to Wilkinson, there’s a smart alternative to mutual funds-separately managed accounts, or SAMs.
In this brilliant how-to guide, Wilkinson explains that investors can gain and maintain wealth through a SAM, an individual basket of stocks or bonds. This new handbook shows how the average investor can now open a separate account for as little as $25,000-and have the account managed by a top institutional money manager through the investor’s financial advisor.
Stop Wasting Your Wealth in Mutual Funds proves to mainstream readers that they can invest like the super-rich and reap the myriad benefits of a SAM: reduced taxes, elimination of hidden fees, customized holdings, and potentially improved performance.
Packed with top-notch advice from a financial pro, Stop Wasting Your Wealth in Mutual Funds is the bible for investors seeking superior results with greater control. One of the most useful and thought-provoking investment books published this year.
Highlights In Stop Wasting Your Wealth in Mutual Funds, Don Wilkinson provides:
•Point-by-point comparisons of SAMs to mutual funds, outlining risks, benefits, and returns
•A user-friendly process for opening, customizing, and switching to a separate account from mutual funds
•A comprehensive list of financial advisors for fledgling investors
•Ways to find advisors who handle separate accounts for clients
Customer Reviews:
A convincing explanation why you should avoid mutual funds and an alternative.......2007-01-06
Due to recent revelations, there are several messages that investors should receive loud and clear. New York State Attorney General Eliot Spitzer has done the general investor a great service. By exposing and prosecuting dubious and illegal practices by investment institutions such as flawed recommendation strategies and after hours trading, he has made the investment industry much more transparent. Many investment advisors were counseling their clients to purchase stocks where the advisor had a conflict of interest. Some were also conducting after hours trading, which in the words of Spitzer, was equivalent to "betting on yesterday's horse races." There is a simple lesson in this, there is no substitute for performing detailed and consistent due diligence regarding your investment portfolio.
In this book, Wilkinson points out the general ineffectiveness of investing in mutual funds. In doing so he performs a significant service for the higher end "average investor." By the time the fees and taxes are paid, expenses that are often understated by mutual fund brokers, most mutual funds under perform high interest money market accounts. Furthermore, mutual funds often lock you into investments that you would rather avoid.
Fortunately, while debunking investment in mutual funds, Wilkinson presents a viable alternative. It is the separately managed account, which provides a great deal more flexibility and where the expenses are much smaller. Unfortunately, most separately managed accounts require an initial investment of at least $100,000. Therefore, if you are an investor in that category, it would be very advantageous for you to read this book. Even if you are not, it is worth reading to learn the many pitfalls of investing in mutual funds.
The disadvantages of mutual funds and the advantages of separately managed accounts are completely explained in non-technical language. I am not an investor in mutual funds and after doing the research that reading this book prompted me to do, I probably never will. Wilkinson's main point of advice is very sound, but not easily executed. "Find a caring, knowledgeable financial advisor interested in benefiting you and stick with them for the long haul."
Stop wasting weath improved my bottom line.......2006-02-10
I have read Mr. Wilkson's book and really took it to heart. My wife and I changed our entire investement strategy as he suggested and now are making 12% on our IRA. Could not be happier.
Joe DeCamp
Great book for individual investors!!!.......2006-02-07
This a book worth reading. It provides plenty of useful information for the investor. If you are currently investing in mutual funds, read this book and find out why you shouldn't.
Excellent Information.......2006-02-02
As an investor in mutual funds for many years, I have finally found the
answers on why I have been losing money consistently in mutual funds.
For example, the book powerfully and successfully explains the
excessive fees and the built-in capital gains burden of mutual funds.
The idea of "tax harvesting" performed by a professional money manager
described clearly in the book makes sense to me. Unlike one reviewer,
who appears to want a textbook to teach financial planners about
separate accounts, I 'm an investor who demands solutions not a myriad
of details. I expect my Financial planner to take care of the
specifics. After reading this book, I am going to be questioning him
on why he hasn't put my portfolio into a separate account earlier. This
book is for investors like me. Low returns, paying excessive capital
gains taxes, nicked by fees and charges I don't even know about is my
history investing in mutual funds. This book offers an
alternative--separately managed accounts-- and makes sense for the
right investor. Check it out. I give it high marks
Highly biased, beware of biased author.......2006-01-31
I wish I had reviewed the author's background BEFORE reading this book. He is a salesman (excuse me - wealth advisor) for separately managed accounts SO no wonder he hates mutual funds. They are his competition.
What could have been an objective discussion of the pros and cons of each degenerates into an infomercial for SMAs and bashing of funds.
If you're an investor seeking objective information, look elsewhere. Beware the praise here from other financial salespeople.
Average customer rating:
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The Handbook of Alternative Investments
Manufacturer: Wiley
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Binding: Hardcover
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Similar Items:
- Handbook of Alternative Assets (Frank J. Fabozzi Series)
- Hedge Funds: Quantitative Insights (The Wiley Finance Series)
ASIN: 0471418609 |
Book Description
Praise for The Handbook of alternative investments
"Finally, one book explains the ins and outs of alternative investments and what investors should expect from this asset class."
-Daniel A. Strachman
author of Getting Started in Hedge Funds
"Many forward-thinking fund managers have recognized the benefits of treating alternative investments as a comprehensive asset class, including both marketable and nonmarketable assets, rather than setting policies and targets for individual components. This kind of treatment allows more efficient understanding and management of this pool of uncorrelated assets. However you treat alternatives, this excellent book is a necessary reference."
-Hilda Ochoa-Brillembourg
President and CEO, Strategic Investment Group
"A wonderful introduction to the fascinating world of alternative investments . . . should be on the desk of every senior investment management consultant."
-James P. Owen, The Prudent Investor Network
author of The Prudent Investor's Guide to Hedge Funds: Profiting from Uncertainty and Volatility
Customer Reviews:
a mixed bag.......2003-10-26
as a reasonably sophisticated individual investor, i was hoping for some additional insights over what i already know re: convertibles, metals, hedge funds, etc. --the successes and failures of this book are largely section specific: for example, the chapters on Energy, Distressed Securities and Hedge Funds were insightful and worthwhile, whereas the chapters on Gold and Microcaps were hardly worth reading (i.e. no insights whatsoever). In general, Tremont Advisors did a great job in their sections, and the rest (except the one on Energy) were woefully inadequate.
It seems this book was written with a target audience of unsophisticated / non-critical high-net worth individuals in mind...how many of them are out there, hmmm?
Proceed with caution.
Average customer rating:
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Creating Alternative Futures: The End of Economics (Kumarian Press Books for a World That Works)
Hazel Henderson
Manufacturer: Kumarian Press
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Binding: Paperback
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ASIN: 1565490606 |
Book Description
Creating Alternative Futures has pioneered many debates on how to guide industrial societies on healthier paths toward more equitable, ecologically sustainable human development. Henderson explains how GNP distorts the goal of human development worldwide. She points out misleading assumptions and a redefinition of health, wealth, and progress for humanity's long-term survival. The book predicts the sweep of democratization and the new "third sector" of grassroots globalists.
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Fixed Income, Derivatives, Alternative Investments & Portfolio Management: Cfa Program, Level 1
Manufacturer: Pearson Custom Pub
ProductGroup: Book
Binding: Paperback
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ASIN: 0536916349 |
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