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people found this helpful, as of 2023
ranked #60,629 most helpful
out of 571,544,897 reviews
★★★★★
Beginner to Guru in 7 easy chapters
Kelly has put together an excellent book here. In 7 chapters, he covers a breadth of knowledge that every serious or potential stock investor should be familiar with. I learned more in the week I spent reading this book, than in 6 months of listening to tips from co-workers, on-line discussions, and self-directed research.
In chapter 1, he defines all the terminology you'll encounter in stocks. In a very readable manner, he quickly covers EPS, P/E, PSR, ROE, Beta, and numerous other concepts that are useful.
In chapter 2, he describes the methods of 6 all-time top investors (including: Buffett, Lynch, O'Neil, etc.) comparing and contrasting there methods.
In chapter 3, he explores what some historic evaluations of stock growth show. This is great stuff, especially during a down market.
In chapter 4, he explains in detail the Dow Dividend Strategy. Anyone can understand this and with only 30 minutes of work per year have a relatively successful investment plan.
In chapter 5, he covers the process of choosing a broker and placing orders.
In chapter 6, he covers some of the many methods you can use to research stocks. With a ton of web-sites, newsletters, and books, Kelly's advice can save you countless hours wasting time looking for information from the wrong source.
In chapter 7, he explains his own strategy. With easy to understand worksheets and using the knowledge gained earlier in the book, he guides you into an investment plan that will suit you.
Not only is this book full of good information, but it's written in a very readable manner. I highly recommend reading this book BEFORE making another investment decision. Even if you have a broker that you like, you owe it to yourself to educate yourself with this book.
March 2001 · Books · verified purchase