Customer Reviews

Deleteyourbroker.com: Using the Internet to Beat the Pros on Wall Street

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As an avid trader, I am always looking for insight into the market. One of the few writers that offers intelligent objective analysis of the market is Christopher Byron. He is willing to take on a difficult task of scolding companies that have had a high flying record, and that are termed by most as the "Must Have" stocks at the moment. His balanced analysis shows the flaws in the most favored of stocks.

Byron's greatest strength is in his use of exemplary writing. The difficult task of shifting through an annual report to find nuggets of truth and potential problems is a difficult task. Byron is a mine detector when he evaluates a stock for you. And he uses terminology that allows the novice reader to understand the most complicated of financial terms and equations.

I believe that the mark of a great writer is shown by the ability of a highly intelligent person to convey difficult concepts in a manner that the dumbest of people can understand. Byron is one of the few great personal finance writers of our time because even I, a great fool in the stock market, can understand what Byron is trying to explain to novice traders.

This book's list of financial web sites alone was worth the price of admission. Some usual suspects--yahoo, and thestreet.com--and many more that professional investors consult. The newbie investor may be a bit overwhelmed, but if you've graduated to knowing the difference between a market and limit order, you're probably ready and eager to use the Internet to help keep an eye on your money. There's a good appendix of Byron's favorite web sites at the back of the book, so no need to dog-ear the pages when you find Internet gold.

This book's list of financial web sites alone was worth the price of admission. Some usual suspects--yahoo, and thestreet.com--and many more that professional investors consult. The newbie investor may be a bit overwhelmed, but if you've graduated to knowing the difference between a market and limit order, you're probably ready and eager to use the Internet to help keep an eye on your money. There's a good appendix of Byron's favorite web sites at the back of the book, so no need to dog-ear the pages when you find Internet gold.

If you are at all serious about investing on your own, Deleteyourbroker.com is a must.

I've been actively trading for years and I have read all of the Fool books, Suze Orman, Rich Dad, et. al and this ranks right up there as one of the best. If you've never heard of Chris, I think he does a streaming show on MSNBC at Noon each day that you can check out. His style is his irreverant and inimitable.

You'll find yourself laughing and really learning how to uncover and decipher information from some of the more informative web sites like Edgar-Online and others.

Buy the book, you'll have no regrets

Here are the things I like about this book:

1. It uses actual financial statements from well known companies
2. An "ok" description of how to do some research on sites (mainly cnbc.com)
3. Links to a few sites I hadn't heard of

Besides those three things I think in this book Mr. Byron's writing is clunky and I found the text hard to decipher at times, I think there would be a lot of improvement if parts of the financial statements were marked so you'd get in idea of what he was mentioning (instead he'd say now look for something that is close to 300 million... yeah like that helps.) Also if there were screenshots (pictures) of the websites where he is discussing how to do something it would be easier to see.

All in all, I don't plan on using this book for anything and I don't think it's worth anything to investors who've used cnbc.com before and have seen financial statements.

Reed Floren

A lot of empty blah blah blah. Amazing that stuff like this gets published.