A prudent guide for self-starting investors with plenty of time and programming abilities.
An instructional manual focuses on setting up computerized trading systems that can manage the vicissitudes of the stock market.
Bensdorp starts his financial self-help book with a familiar observation: The stock market is notoriously unpredictable, and that volatility induces many investors to make poor decisions wrought by panicked emotions. As an alternative, he proposes the establishment of an automated trading system that doesn’t depend on accurate predictions at all since it is designed to successfully respond to whatever financial circumstances arise. Moreover, since the system runs independent of constant management, it eliminates the problem of emotional decision-making and the “psychological pain” of owning a plunging stock. The author breaks down the basic options for readers, describing four basic styles of trading and seven different systems that can accommodate them. The core of his approach is to employ several “noncorrelated” systems that “combine different directions and different styles, that is, trade long and short and trade trend following and mean reversion.” In other words, the investor can benefit from a market of any variety, bullish or bearish. In lucidly accessible terms, Bensdorp—“a self-taught trader”—explains the fundamentals of his methodology. His approach emphasizes a customized financial profile, one that clearly defines not only investors’ objectives, but also their tolerance for risk and willingness to patiently put in the time to set up the systems in the first place. The author’s counsel is unfailingly sensible and realistic: He cautions readers that this is a “get-rich-slow approach” that “does involve a good deal of effort upfront” and concedes that it could take “years of trial and error.” In addition, this manual is only for those “skilled with programming” since Bensdorp does not walk readers through that aspect of the systems.
A prudent guide for self-starting investors with plenty of time and programming abilities.Pub Date: Feb. 29, 2020
ISBN: 978-1-5445-0603-6
Page Count: 206
Publisher: Lioncrest Publishing
Review Posted Online: April 29, 2020
Kirkus Reviews Issue: June 1, 2020
Review Program: Kirkus Indie
A powerful wake-up call for anyone hoping to retire with financial security.
A study of why men’s wealth outweighs women’s, and a guide to evening the scales.
Bondi, a former director at Microsoft, cofounder of software and mortgage companies in California and mother of four, combines reams of disturbing labor and economic statistics with the acumen honed in her various leadership roles in this book-length call for financial equality. Though the author primarily speaks to women, her overarching theme applies to all: “Creating residual income from investment is the only way to wealth regardless of gender.” Bondi considers wealth a must for the emotional security and physical freedom it affords, and offers compelling arguments as to why women should heed her advice. Women now comprise the majority of college students, have higher GPAs across the board and a greater likelihood to complete graduate education within ten years of finishing college than their male counterparts. But they earn on average 76 cents for every dollar paid to men, dominate eight of the ten lowest-paying professions in the United States and experience a decrease in salary for every child they have that is exactly proportionate to the salary increase men obtain when venturing into parenthood. For these and many other reasons, Bondi argues that women must seek sources of income apart from their jobs and break the damaging cycle of financial dependency. Unfortunately, she writes, the three most common ways women obtain residual income–through an inheritance from a father or husband, divorce alimony or welfare–will “make the modern, liberated woman’s stomach turn.” Better sources of residual income, Bondi says, come from investing in “real estate or being part of a business that you only stop by occasionally to manage.” While those seeking explicit means to better their economic ends may be disappointed, Bondi outlines some realistic financial goals that individuals can tailor to their situations.
A powerful wake-up call for anyone hoping to retire with financial security.Pub Date: Jan. 31, 2007
ISBN: 978-0-595-41031-6
Page Count: -
Publisher: N/A
Review Posted Online: May 23, 2010
Review Program: Kirkus Indie
Recommended reading for all soon-to-be college grads.
A valuable collection of financial, business and personal wisdom for the undergraduate preparing to enter the work world.
Wallace is an American business success story. During a decades-long career, he worked his way up the corporate ladder to hold high-level positions at General Motors, Electrowatt and the ITT Corporation. Later, he took on a position at Stonehill College as a professor of business administration. Here, he condenses all of the experience he gained in his rise to the top in producing a worthwhile how-to guide for graduating college seniors. Much of the material derived from his university seminar for business majors.) The book features a helpful blend of common wisdom and hard facts. It contains chapters on general topics like choosing a career path and more specific entries on intricate subjects like the liquidity of various types of financial assets. Wallace’s nimble prose style allows him to address both with ease. He is folksy but seldom platitudinous when dispensing personal insights, and he is direct and precise when explaining the technical aspects of financial strategy. Other useful chapters include information on developing a budget, borrowing money and investing funds. The author breaks up his prose with helpful diagrams and charts illustrating key ideas. His summary of various management styles, however, will be of little immediate use to the college student searching for an entry-level position, except in the new employee’s assessing of his or her boss. But it also never hurts to think ahead.
Recommended reading for all soon-to-be college grads.Pub Date: Dec. 12, 2007
ISBN: 978-1-58348-107-3
Page Count: 120
Publisher: N/A
Review Posted Online: May 23, 2010
Review Program: Kirkus Indie
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