Customer Reviews

The America's Finest Companies Investment Plan 1997: Double Your Money Every Five Years

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4 star:		(2)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

Bill Staton has a very simple investment plan. Buy stock in companies that have a great long term record(he provides a list of over 400) and hold them as long as they continue to perform. Not very exciting or complex, but it should work great. With deep discount brokers not offering trades for as little as $8, I think he should spend more time pointing out the advantage of using them over using DRIP plans. I would think that his investment plan would be better than the way that over 90% of investors now invest. His book is very easy to read.

Mr. Staton provides SIMPLE evidence supporting his views on investment with "America's Finest Companies". Unlike most "how to" or "you too can" type books, He provides a non-baffling, easy to read presentation - no mind boggling charts and reports. His work comes across as for the invester and not the get rich quick speculator. 203 pages of reading have never gone so fast and been so truely informative.

Staton provides a clear and simple method of building a solid portfolio of stocks representing America's best companies. His advice to the reader is -- buy and accumulate periodically, a small number of stocks belonging to America's Finest Companies (and there are over 400 of them in his book) and to sell rarely. Which is exactky what super-investor Warren Buffett does. Staton also explains what kind of stocks to choose if your account is taxable and what type of stocks would be suitable for a tax-sheltered account like an IRA. And if the reader doesn't ever want to pay a broker, Staton provides a list of America's Finest Companies that allow investors to invest directly with the companies. The only thing that I missed seeing in his book was a list of companies that might make it to the list in subsequent years IF they maintained their progress. A lot of investors would be interested in such "stars on the horizon".

I double my money at least once every 6 months. If you are serious at all about making money in the stock market, then you're talking about selling options, not investing in the traditional way.

This book is good, that is if you want to double your money every 5 years. It is not powerful enough.